The present study sought to determine if the positive association between positive emotions and life satisfaction can be understood as a function of hope in Chinese. Consistent with the broaden-and-build model of positive emotions, we tested the hypothesis that positive affectivity, the disposition to experience positive emotions, would be associated with broadening hope agency, building hope pathways, or both, in a sample of 212 Chinese college students. Results examining for bootstrapped mediation testing with multiple mediators indicated that positive affectivity was indirectly associated with life satisfaction through hope agency, but not through hope pathways. In support for partial mediation, however, the association between positive affectivity and life satisfaction remained significant even after including hope components in the model. Some implications of the present findings are discussed.