Ten Years Ago

PUBLISHED : Sunday, 04 July, 1999, 12:00am
UPDATED : Sunday, 04 July, 1999, 12:00am

HONGKONG (July 2): MORE Hongkong women own equities than Hongkong men, according to a survey on local women conducted by Price Waterhouse.

The study reveals interesting facts on how the modern Hongkong woman views her life, career, family, men, lifestyle and investments.

Women appear to be particularly active investors, with 8.8 per cent owning shares in their own name and 9.5 per cent owning physical gold.

Understandably, says the survey, women who most want to learn about investing and managing money are 25 to 34 year olds, professional, white-collar working women with household incomes of more than HK$10,000 a month.

Women in general seem to have a fairly long-term view towards cash, with 13.4 per cent of those surveyed owning life insurance, 1.1 per cent holding trusts or funds and the same percentage owning Hongkong properties, other than residential.

Local women feel they have a significant level of financial involvement with household money management.

Surprisingly, women with a high personal income and those from high-income households, as well as a small percentage of women with no incomes at all, are more likely to have their spending closely monitored by husband or family. Despite conservative social attitudes and family orientation, women of all ages were supportive to the women's role in the workforce, even for those with children.