Brides become expensive in China; Shanghai tops the table with an average bride price of at least 1 million yuan (S$204,000) plus an apartment, followed by Tianjin

Brides become expensive in China

Shanghai tops the table with an average bride price of at least 1 million yuan (S$204,000) plus an apartment, followed by Tianjin. -China Daily/ANN
Thu, Jun 06, 2013
China Daily/Asia News Network

A Chinese map labeled with “bride prices” (money or property given by the bridegroom to the family of his bride, also known as a dowry) has become popular on micro blogs. The map labels bride prices in provinces and provincial-level cities such as Shanghai and Chongqing. More than 300 samples were collected to make the map and its accompanying table, which divides the country by bride price into five areas: 1 million yuan (S$204,000), half a million yuan, 100,000 yuan area, 10,000 yuan and zero yuan.The map was made by Sina Le Ju, which spent more than one month interviewing residents in different parts of China.

Shanghai tops the table with an average bride price of at least 1 million yuan plus an apartment, followed by Tianjin, three provinces in Northeast China, and Jiangxi.

Chongqing is at the bottom of the table, because the brides’ families in Chongqing rarely ask for a dowry. Many Internet users complained they can’t afford such bride prices.

Zhu from Henan province has been in a relationship for two years. He was frustrated when hewas asked to pay 80,000 yuan in bride money when they got engaged in 2009.

If he was notable to pay, his girlfriend would not have agreed to marry him. Zhu had to borrow from his relatives, which he paid back last year. The reason there are so many “expensive brides” is about face-saving.

In addition, many families of brides want to test whether the men cherish their daughters. Putting a price on the bride is not the base for a happy marriage, but love and staying true to each other are, said Zhang Mingsuo, an expert in sociology from Zhengzhou University.

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment