Chinese women are fully in control of the nation’s household purse strings according to a recent report which says that 60 percent control and manage the family finances.
The 2016 Women Financial Management Report, co-published by hexun.com, tongbanjie.com and Alibaba’s Ali Research earlier this month, features information on mainland Chinese women’s consumption, asset size and financing preferences based on 10,000 valid questionnaires.
In addition to the headline finding, the study also discovered that the more women earn, the greater say they have over the family’s financial management. Chinese women were also said to be growing more financially astute.
The results match the expectations Chinese women have for their partners, with a survey carried out by Chinese matchmaking website jiayuan finding that 78 percent expect their partner to hand over their pay slips.
This was, however, at odds with the large number of male respondents with monthly incomes of over 10,000 yuan who would prefer not to.
The report stated that those with an annual income of 80,000 yuan ($12,000) and 150,000 yuan ($22,500) are most interested in online finance, while those who have a yearly income of 200,000 yuan ($30,000) to 500,000 yuan ($75,000) are most involved in investment.
“Women are becoming the main force of investment”, reported Shenzhen Special Zone Daily citing an anonymous investment expert. “Investment institutes should attach more importance to women,” said the expert.