Women becoming more visible at helm of A-share firms
WOMEN are having more say in China’s business world as females at helm of A-share listed firms have become more visible.
As of Wednesday, the day before International Women’s Day, a total of 174 A-share listed companies run by female chairpersons posted 2.12 trillion yuan (US$335.2 billion) in aggregate market value, according to data from Securities Times.
With 65 listed in the Shanghai Stock Exchange and the rest in Shenzhen, the companies accounted for only 4.98 percent of the country’s total domestically-listed companies.
Female executives are showing strong leadership skills, as Dong Mingzhu, chairperson of Gree Electric, topped the Forbes China’s annual ranking of China’s most successful businesswomen in 2017.
Among 43 A-share listed firms with their market value exceeding 10 billion yuan, Gree Electric has a latest market value of 311.1 billion yuan, second largest in the home appliances sector.
Song Guangju, chairperson of Poly Real Estate with market value of 182.7 billion yuan, has increased its annual profit from 660 million yuan to 15.7 billion yuan since she took the position.
He Qiaonu, who chairs Beijing Orient Landscape, holds 21.55 billion yuan in market value based on the latest share price.