60% of Chinese Women Control Their Household’s Finances, Report Finds

The majority of Chinese women were found to control or manage their family’s finances, a recent report has found.

Money may also mean power too, as women typically reported a greater say over financial matters if they earned more.

According to this year’s Women Financial Management Report, 60% of Chinese women were in charge of family wealth management decisions. Cheers to not making bad ones.

Based on responses to 10,000 questionnaires, their varied responsibilities made them self-positioning in living arrangements, household consumption expenditure and purchase of insurance, as well as other money-related decisions.

Women were also more conservative than men over investments. Their entries in the stock market, real estate and other assets were found to be relatively lower.

Published in August, the report was a joint effort of hexun.com, tongbanjie.com and Alibaba’s Ali Research, according to China Daily.

The report added that women were financially smarter, though this may not be surprising, especially for those who know the story behind China’s richest, self-made billionaire woman.

Zhou Qunfei topped Hurun’s list of the Richest Self-Made Women in the world last year, along with seven other Chinese females. Two Americans and one Spanish completed the Top 10.