Abstract: Daily precipitation data for the period of 1960–2005 from 42 precipitation gauging stations in the Pearl River basin were analyzed using the Mann–Kendall trend test and copula functions. The standardized precipitation index method was used to define drought episodes. Primary and secondary return periods were also analyzed to evaluate drought risks in the Pearl River basin as a whole. Results indicated that: (1) in general, the drought tendency was not significant at a 95 % confidence level. However, significant drought trends could be found in November, December, and January and significant wetting trends in June and July. The drought severity and drought durations were not significant at most of the precipitation stations across the Pearl River basin; (2) in terms of drought risk, higher drought risk could be observed in the lower Pearl River basin and lower drought risk in the upper Pearl River basin. Higher risk of droughts of longer durations was always corresponding to the higher risk of droughts with higher drought severity, which poses an increasing challenge for drought management and water resources management. When drought episodes with higher drought severity occurred in the Pearl River basin, the regions covered by higher risk of drought events were larger, which may challenge the water supply in the lower Pearl River basin. As for secondary return periods, results of this study indicated that secondary return periods might provide a more robust evaluation of drought risk. This study should be of merit for water resources management in the Pearl River basin, particularly the lower Pearl River basin, and can also act as a case study for determining regional response to drought changes as a result of global climate changes.