In 2018, the number of wealthy Chinese families grew 1.2% year-on-year to 4.94 million, according to the Hurun Wealth Report 2019 released on Nov. 19.

Wealthy families refer to households owning assets of at least 6 million yuan, according to the report.

The total assets of wealthy families in the Greater China zone was 128 trillion yuan. Around 80% of the assets are owned by mainland families.

Beijing is home to the largest number of wealthy families, with 704,000. Shanghai is second, followed by Hong Kong. 

Top 10 Chinese cities with wealthy families (by households):

10. Tianjin

Number: 64,100

Growth: +600