Young Women In China Are Investing In Stocks
The latest research shows that young women are investing more in the financial markets.
A recent survey reveals that women with an annual income of between 50,000 and 100,000 Yuan are most attracted to the investment world.
Cao Wenying is a third year college student in Shanghai. She began to invest in the stock market last year, and has quite a good return record so far, about 20%.
All the money she put into her investments was earned from her internships. She says she does not want to depend completely on her family, and so has figured out other ways to earn extra money.
“The living cost in Shanghai is pretty high. Also, sometimes when I go out with my friends, we’d want to buy some things from the famous brand shops.
I didn’t think it was right to ask for that money from my family, so if I wanted to have more money to live a better life, I needed to earn by myself,” Cao said.
The website talicai.com provides financial advice for young women, and recently found that 30 percent of women aged below 45 years who responded to surveys are now investing in the stock markets or have other investment plans.
Two-thirds of the women responding said they were interested in investing in some form. One wealth management consultant says this has a lot to do with the development of Chinese society.
“One reason is that as society develops, women become better educated, and they have more job opportunities and higher salaries. So they become more financially independent, and it’s easier for them to make their own investment decisions.
Another reason is that household income is increasing. Women in traditional families in China tend to manage the household wealth, so they will pay more attention to using family money to invest in financial products,” said Aaron Wang, VP branch manager of DBS bank.
Wang says that most of the women clients he meets are married, and are looking for low-risk, moderate-gain financial products. But the survey shows that younger women are risk lovers, some of the hottest investment choices for this group are stock funds, peer-to-peer lending and money funds.
No matter what types of financial products they do choose, most of the women tend to take advice on investment from their friends and acquaintances.
“There are some financial courses at my university, like for the stock market. They invite some very good people in the industry to lecture us. Some of us are quite interested in these courses, and we talk about them a lot.
Also there are a lot of guys around making investments, so being a girl and asking them questions about investment is very easy,” Cao said.
Overall, there are more men investors than women investors around the world. A global research project by investment consulting company Black Rock (NYSE:BLK) shows that only 17% of women worldwide are active investors, while the men’s proportion is over 28%. But the gap is gradually closing.
By Tian Shaohui
Paul Ebeling, Editor
HeffX-LTN
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