Women in China: Global Leaders in Self-Made Fortune

January 22, 2015
Editor: Kiki Liu

Chinese powerful businesswoman [Women Images]

China is not only one of the world's most geographically large countries but is also home to some of the world's wealthiest people, boasting almost half of the world's most powerful businesswomen, among whom the majority are self-made billionaires. A look at some underlying factors might reveal just how Chinese women have been able to accomplish such an impressive feat.

If the better part of China's history was one of male domination, then now more than ever is evidence of the immense change the Middle Kingdom has undergone in such a short period of time: China is now rife with powerful female figures, especially when it comes to the business sphere.

In the famous words of China's Chairman Mao Zedong (1893-1976), "women can hold up half the sky" — and now more than ever do these words ring true.

Statistics Speak Louder than Words

Recent statistics released by both Forbes' The World's Billionaires 2014 and the Wealth-X and UBS Billionaire Census 2014 showed that women are taking their place in the global rankings of those possessing the biggest fortunes. But what was particularly striking in these statistics was that more than half of the world's richest self-made female entrepreneurs are from China.

Research conducted by the Chinese government in 2014 indicated that the number of Chinese women who took senior positions in office doubled from the previous year.

Of the entire body of senior personnel in China, 51 percent are women, dwarfing the overall percentage of all Asian women in high office. Moreover, nearly 550 China's listed companies, or about 21 percent of the total number, have female board members. One particularly eye-popping figure is that women make up the entire board of directors both in Ceetop Inc. — a multinational organization specializing in technical support and headquartered in Shenzhen, of south China's Guangdong Province — and Global Telecom Holdings, Ltd. In fact, these represent two of only four such companies worldwide.

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