According to the report, there were around 110,100 super-rich mainland Chinese households who owned wealth of over 100 million yuan as of January 2024, slightly decreased from the previous year.

This statistic illustrates the distribution of adult population in China in 2022 by wealth range group. That year, approximately **** percent of adults in China had wealth of 100,000 to *********** U.S. dollars. In comparison, around **** percent of adult population in Hong Kong were in this wealth range group.

China Banks' Wealth Management Product: Wealth Index data was reported at 110.640 Jan2016=100 in May 2018. This records an increase from the previous number of 110.220 Jan2016=100 for Apr 2018. China Banks' Wealth Management Product: Wealth Index data is updated monthly, averaging 108.490 Jan2016=100 from Jul 2017 (Median) to May 2018, with 11 observations. The data reached an all-time high of 110.640 Jan2016=100 in May 2018 and a record low of 106.480 Jan2016=100 in Jul 2017. China Banks' Wealth Management Product: Wealth Index data remains active status in CEIC and is reported by Puyi Standard. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Index Series.

This statistic illustrates the number of high net worth individuals in China in 2022, broken down by wealth range group. That year, there were 1,268 people in China whose wealth exceeded 500 million U.S. dollars.

China Cross-Border Wealth Mgt Connect: Accumulated: Mainland and Macau SAR (CN): Amount data was reported at 7.451 RMB bn in Mar 2025. This records an increase from the previous number of 7.042 RMB bn for Feb 2025. China Cross-Border Wealth Mgt Connect: Accumulated: Mainland and Macau SAR (CN): Amount data is updated monthly, averaging 0.428 RMB bn from Oct 2021 (Median) to Mar 2025, with 40 observations. The data reached an all-time high of 7.451 RMB bn in Mar 2025 and a record low of 0.053 RMB bn in Oct 2021. China Cross-Border Wealth Mgt Connect: Accumulated: Mainland and Macau SAR (CN): Amount data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Cross-Border Wealth Management Connect.

The statistic shows the number of super rich households in mainland China from 2014 to 2024. According to the report, there were around 110,100 super rich households owning assets worth 100 million yuan or more in China in 2024, decreased from 111,630 in the previous year.

China Banks' Wealth Management Product: Net-Value: On Sale: Open-end data was reported at 3,540.000 Unit in Jul 2022. This records a decrease from the previous number of 3,593.000 Unit for Jun 2022. China Banks' Wealth Management Product: Net-Value: On Sale: Open-end data is updated monthly, averaging 2,132.000 Unit from Oct 2020 (Median) to Jul 2022, with 22 observations. The data reached an all-time high of 3,593.000 Unit in Jun 2022 and a record low of 1,322.000 Unit in Feb 2021. China Banks' Wealth Management Product: Net-Value: On Sale: Open-end data remains active status in CEIC and is reported by Puyi Standard. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Number of Issuance.

A strategic snapshot of the China wealth management market, size at USD 5.90 trillion, showcasing market dynamics, investment opportunities, and top player analysis influencing private banking and asset advisory growth.

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China Banks' Wealth Management Product(WMP): Fund Balance: CBRC data was reported at 29,100.000 RMB bn in Mar 2017. This records an increase from the previous number of 29,004.200 RMB bn for Dec 2016. China Banks' Wealth Management Product(WMP): Fund Balance: CBRC data is updated quarterly, averaging 9,080.000 RMB bn from Dec 2008 (Median) to Mar 2017, with 9 observations. The data reached an all-time high of 29,100.000 RMB bn in Mar 2017 and a record low of 820.000 RMB bn in Dec 2008. China Banks' Wealth Management Product(WMP): Fund Balance: CBRC data remains active status in CEIC and is reported by National Financial Regulatory Administration. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Balance of Fund.

In 2021, over ** percent of surveyed high net worth individuals stated that their wealth comes from business enterprises. Only ** percent of respondents said that the major source of their wealth was a professional investment gain.

The data at the micro household level are selected from the 2017 and 2019 data of the China Household Finance Survey (CHFS) hosted by the China Household Finance Survey and Research Center of Southwestern University of Finance and Economics. The macro data are mainly derived from the national statistical yearbooks and provincial statistical yearbooks. In the process of data processing, this paper excludes the samples of households with household heads under the age of 18 and other data that are missing, and finally retains 18,396 valid samples for research. In addition, in order to avoid the influence of extreme values on the estimation results, this paper reduces the tail of all continuous variables such as total household assets, household size, and total household income by 1%.

As of January 2024, Zhong Shanshan topped the list of the richest people in China with a net worth of 63 billion U.S. dollars. Huang Zheng, founder of Pinduoduo, and Ma Huateng, founder of the IT giant Tencent, came in second and third respectively, while Ma Yun, founder of the IT giant Alibaba, fell back to the tenth place.

Ultra-high net worth individuals (UHNWI) in China

Net worth refers to the amount of value by which an individual’s assets exceed their liabilities. It is usually cited to demonstrate the economic position of a person. Following China’s extensive economic development over the past two decades, the number of wealthy people had been rapidly growing as well. According to Hurun Research Institute, Greater China was the region with the largest number of billionaires worldwide as of 2024, with a total number of 814 billionaires. As of January 2022, the number of millionaires had amounted to approximately 20,400 people in Beijing alone. Unsurprisingly, the majority of high-net worth individuals lives in one of the four first-tier cities Beijing, Shanghai, Guangzhou, and Shenzhen.

Chinese billionaire's sources of wealth

Chinese millionaires have accumulated their wealth primarily as private entrepreneurs. Most of the people listed among the 20 wealthiest Chinese in 2024 had owned their own companies. Zhong Shanshan, who topped the list of richest people in China in 2024, has made his fortune as founder of the beverage company Nongfu Spring.

China Banks' Wealth Management Product Average Rate of Return (BWMPR) data was reported at 4.380 % in Nov 2018. This records a decrease from the previous number of 4.470 % for Oct 2018. China Banks' Wealth Management Product Average Rate of Return (BWMPR) data is updated monthly, averaging 4.580 % from Jul 2014 (Median) to Nov 2018, with 53 observations. The data reached an all-time high of 5.170 % in Apr 2015 and a record low of 3.730 % in Nov 2016. China Banks' Wealth Management Product Average Rate of Return (BWMPR) data remains active status in CEIC and is reported by Puyi Standard. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Payment. Since Jun 2016 (inclusive), the scope of average yield is closed-end product, previous is all products. 从2016年6月(含) 以来，平均收益率为封闭式产品口径，之前为全部产品口径。

CN: Banks' Wealth Management Product: Net-Value: Average Performance Benchmark: Close-end New Issued data was reported at 4.060 % in Jul 2022. This records a decrease from the previous number of 4.130 % for Jun 2022. CN: Banks' Wealth Management Product: Net-Value: Average Performance Benchmark: Close-end New Issued data is updated monthly, averaging 4.210 % from Jan 2021 (Median) to Jul 2022, with 19 observations. The data reached an all-time high of 4.240 % in Dec 2021 and a record low of 4.060 % in Jul 2022. CN: Banks' Wealth Management Product: Net-Value: Average Performance Benchmark: Close-end New Issued data remains active status in CEIC and is reported by Puyi Standard. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Number of Issuance.

China Banks' Wealth Management Product: Net-Value Performance Benchmark: Fixed Income data was reported at 4.430 % in Dec 2021. This records a decrease from the previous number of 4.530 % for Nov 2021. China Banks' Wealth Management Product: Net-Value Performance Benchmark: Fixed Income data is updated monthly, averaging 4.595 % from May 2018 (Median) to Dec 2021, with 44 observations. The data reached an all-time high of 5.360 % in Jul 2018 and a record low of 4.040 % in Nov 2020. China Banks' Wealth Management Product: Net-Value Performance Benchmark: Fixed Income data remains active status in CEIC and is reported by Puyi Standard. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Index Series.

We combine national accounts, surveys, and new tax data to study the accumulation and distribution of income and wealth in China from 1978 to 2015. The national wealth-income ratio increased from 350 percent in 1978 to 700 percent in 2015, while the share of public property in national wealth declined from 70 percent to 30 percent. We provide sharp upward revision of official inequality estimates. The top 10 percent income share rose from 27 percent to 41 percent between 1978 and 2015; the bottom 50 percent share dropped from 27 percent to 15 percent. China's inequality levels used to be close to Nordic countries and are now approaching US levels.

The highest median wealth worldwide was found in North America in 2022, reaching a median level of nearly ******* U.S. dollars. Notably, the median wealth in China grew from *** dollars in 2000 to over ****** dollars in 2022, underlining the country's remarkable economic growth over the past decades.

China Cross-Border Wealth Mgt Connect: Accumulated: Amount data was reported at 108.651 RMB bn in Mar 2025. This records an increase from the previous number of 105.640 RMB bn for Feb 2025. China Cross-Border Wealth Mgt Connect: Accumulated: Amount data is updated monthly, averaging 5.883 RMB bn from Oct 2021 (Median) to Mar 2025, with 40 observations. The data reached an all-time high of 108.651 RMB bn in Mar 2025 and a record low of 0.131 RMB bn in Oct 2021. China Cross-Border Wealth Mgt Connect: Accumulated: Amount data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Cross-Border Wealth Management Connect.

China Banks' Wealth Management Product Issuance (BWMPI) data was reported at 10,307.000 Unit in Jul 2017. This records an increase from the previous number of 9,773.000 Unit for Jun 2017. China Banks' Wealth Management Product Issuance (BWMPI) data is updated monthly, averaging 3,021.000 Unit from Jan 2009 (Median) to Jul 2017, with 103 observations. The data reached an all-time high of 11,460.000 Unit in Mar 2017 and a record low of 176.000 Unit in Jan 2009. China Banks' Wealth Management Product Issuance (BWMPI) data remains active status in CEIC and is reported by Institute of Finance and Banking, Chinese Academy of Social Sciences. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Number of Issuance. Since July 2017, the data source (Institute of Finance and Banking, Chinese Academy of Social Sciences) ceased to provide data to CEIC, and the data of this series was therefore no longer updated.