Report: 25% of Chinese Businesswomen Opt for Shanghai

October 14, 2017
Editor: Alice Shang

Around one in four Chinese businesswomen choose to settle in the eastern coastal city of Shanghai, according to data gathered by the local women's federation.

The report from Shanghai Municipal Human Resources and Social Security Bureau also indicates that some 55 percent of those are involved in Internet-related industries.

Engagement in Entrepreneurial Activities

The bureau says that the Total Early-Stage Entrepreneurial Activity index, an indicator used to evaluate the amount of startups, currently stands at 11.3 percent in the city.

In 2016, the bureau said 31 percent of entrepreneurs who borrowed from banks were women.

Yan Hongwei, a lecturer at Shanghai University of Engineering Science, carried out a survey among the city's female business creators.

The survey reports that 72.3 percent believed that the Internet Plus era gives women more advantages over men in entrepreneurship, and 58.7 percent said Shanghai had favorable entrepreneurship circumstances.

Numerous support policies, a healthy marketplace and high standards of management attract more women to the city start their own careers, according to experts.

Women's federations at all levels in the region regularly hold forums and campaigns on the theme of entrepreneurship.

More than half of women entrepreneurs are engaged in the industries of retail, hotels and catering.

As for what helps them to make their startup decisions, about 10 percent said they expected to create better lives for others.

Some 15 percent said that they could not see their values fully displayed at their previous job, and 33.5 percent said that they were unsatisfied with their former workplace environment or salary.

Some 20 percent said they wanted more flexible working hours.

Experience Economy

In their survey, staff of Shanghai Women's Federation found that the "experience economy" was frequently mentioned by businesswomen who said that the innate femininity of women better suit its requirements.

Yan said, “In a consumer-dominated market, communication plays a key role. An economy based on the Internet is more women friendly as it focuses more on emotions, decentralization and sharing.”

Family Life

Statistics from Shanghai Women's Federation says 33 percent of female entrepreneurs are unmarried and 21 percent of married women have yet to give birth.

Yan also looked into the influence that family-related policies have on women's motivation to start businesses.

Her data says 51.8 percent of women said they were more likely to consider being their own boss after the universal second-child policy officially took effect in January 2016.

Yan suggests the government should pay more attention to women's concerns such as caring for children and the elderly so as to better pave the way for their business innovation.

(Source: Jfdaily.com/Translated and edited by Women of China)

Please understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: website@womenofchina.cn. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn.


32.3K
Comments
Related Story