A report by the Bank of East Asia and Hurun Research Institute shows that 27.4% of China's ultra-high-net-worth households are located in Beijing and Shanghai.

Beijing and Shanghai together hosted 34,700 ultra-high-net-worth households as of early 2025, representing 27.4% of the national total of 126,500. A report released in June by the Bank of East Asia and the Hurun Research Institute indicates that household wealth in these areas has declined due to volatile markets, slower economic growth, and weaker property prices.

Regional Wealth Distribution

The Yangtze River Delta remains the leading region for wealth, housing 39,680 ultra-high-net-worth households, or 31.4% of the national total. This region includes Shanghai's finance sector, Zhejiang's technology firms, and Jiangsu's manufacturing base, though its total count fell 1.8% year-on-year. Guangdong province, representing the Pearl River Delta, holds 16,700 such households, accounting for 13.2% of the national total. Meanwhile, the Beijing-Tianjin-Hebei cluster contains 21,700 households, with Beijing contributing nearly 84% of that regional figure.

Defining Ultra-High-Net-Worth

In China, the report defines ultra-high-net-worth households as those possessing assets of at least 100 million yuan, or approximately US$14.8 million. This threshold is notably higher than the entry point for the top 1% of households in the United States, which was estimated at US$11.64 million in a 2022 survey.