China is a hub for female billionaires and boasts the largest amount of self-made ones with 56 in total, according to the “Hurun Global Rich List 2017 series.”

The Hurun Report, which was established as a research unit in 1999 by British accountant Rupert Hoogewerf, found that China also created a glut of female billionaires under the age of 50.

“There can be no question anymore that China is the best place in the world to be a woman entrepreneur,” said Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report.

“The question I am often asked is ‘Why is China producing so many of the world’s most successful women in business?’ There is no Chinese in the Top 10 of the world’s self-made billionaire men, yet 6 of the Top 10 world’s self-made women billionaires are from China. The one-child policy coupled with traditional childcare, whereby grandparents often play a much larger role in bringing up the children than in developed countries, is perhaps a reason. Another is the business boom this generation has enjoyed in China.”

Check out who made the list for the youngest self-made female billionaires in the world:

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.