{"id":562746,"date":"2026-08-08T11:30:08","date_gmt":"2026-08-08T11:30:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/562746\/"},"modified":"2026-08-08T11:30:08","modified_gmt":"2026-08-08T11:30:08","slug":"over-a-quarter-of-chinas-ultra-wealthy-concentrated-in-beijing-and-shanghai-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/562746\/","title":{"rendered":"Over a quarter of China\u2019s ultra-wealthy concentrated in Beijing and Shanghai: report"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Chinese megacities are seeing a slight decrease in households with assets of at least 100 million yuan (US$14.8 million), as the country\u2019s private wealth remains concentrated in three places \u2013 national capital Beijing, financial centre Shanghai and southern Guangdong province, a technology and export hub.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Beijing and Shanghai had a combined 34,700 ultra-high-net-worth (UHNW) households at the start of 2025, accounting for about 27.4 per cent of the countrywide total of 126,500, according to a wealth report jointly released in June by the Bank of East Asia and the Hurun Research Institute.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Beijing contained 18,200 UHNW households and Shanghai had 16,500, both lower than a year earlier, as weaker property prices, volatile markets and slower economic growth weighed on household wealth.<\/p>\n<p>The threshold for <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/article\/3351114\/mainland-chinas-ultra-wealthy-numbers-rise-hong-kong-tipped-faster-growth?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">UHNW households in China<\/a> is exceptionally high, even by US standards. A US household with a net worth of about US$14 million would rank within the wealthiest one per cent. Another estimate, in the latest Survey of Consumer Finances, covering 2022, put the entry point for the top one per cent at US$11.64 million.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In China, the distribution of capital highlights three major wealth corridors. The Yangtze River Delta led with 39,680 households, or 31.4 per cent of the national total, supported by Shanghai\u2019s finance sector, Zhejiang\u2019s private and technology firms and Jiangsu\u2019s manufacturing base. The Yangtze River Delta total fell 1.8 per cent year on year.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Guangdong, a proxy for the Pearl River Delta in the report, had 16,700 households, or 13.2 per cent of the national total, down 2.3 per cent. Shenzhen and Guangzhou accounted for 58 per cent of the provincial tally, reflecting the region\u2019s concentration of technology founders, exporters and manufacturers.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Beijing-Tianjin-Hebei cluster \u2013 which combines the capital with Tianjin municipality and Hebei province, two other northern regions \u2013 had 21,700 households, or 17.2 per cent of the national total. Beijing accounted for nearly 84 per cent of the regional tally, while sharper declines in Tianjin and Hebei helped push the region\u2019s total down about 4.8 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese megacities are seeing a slight decrease in households with assets of at least 100 million yuan (US$14.8&hellip;\n","protected":false},"author":2,"featured_media":562747,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[276768,276770,4177,54411,138,607,219,4422,4431,276769,4417,30760,111,139,69,144853,149815,3747,44172,58294],"class_list":["post-562746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-a-share-ipos","tag-bank-of-east-asia-hurun-wealth-report","tag-beijing","tag-beijing-tianjin-hebei-region","tag-business","tag-china","tag-economy","tag-guangdong","tag-hong-kong","tag-hurun-inc","tag-jiangsu","tag-kpmg","tag-new-zealand","tag-newzealand","tag-nz","tag-pearl-river-delta","tag-rupert-hoogewerf","tag-shanghai","tag-yangtze-river-delta","tag-zhejiang"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/562746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=562746"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/562746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/562747"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=562746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=562746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=562746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}