Identifying optimal areas for future conservation is crucial to halting biodiversity loss. Unfortunately, China's current conservation initiatives neglect the significance of Key Biodiversity Areas (KBAs) in biodiversity conservation decision-making, and focusing only on fulfilling the quantitative targets without assessing the potential benefits and challenges for each target area may jeopardize the effectiveness of national programs. Therefore, this study identified KBAs through the distribution range and threat status of 3061 species and defined priority areas for protecting 30 % and 50 % of China's land (30 % and 50 % targets), assessing their potential ecological benefits in terms of ecosystem services and carbon stocks, and identifying risks from climate change and human pressures. The results showed that the KBAs were spatially heterogeneous among different taxonomic groups, with areas for birds and mammals widely distributed but for reptiles, amphibians, and plants mainly distributed in the south. Priority conservation areas identified for achieving the 30 % and 50 % targets were predominantly located in southern China. Protecting these areas can significantly increase the representativeness of benefits for biodiversity conservation, climate regulation, nutrient regulation, landscape aesthetics and carbon storage, thereby achieving a win-win for biodiversity conservation and ecological benefits. However, population density, climate risks, and land-use conversion risks will also increase significantly in priority conservation areas. Western Sichuan Province and northern Yunnan Province have the highest conservation priority due to their relatively high conservation value and low threat risk. The KBAs we identified will hopefully help inform the selection of sites for expansion of China's conservation area-based network.