The balance precision of grinding wheel is a key technical parameter in ultra-high speed grinding process. The actual standard for the balance precision of rigid rotor is not fit for the thin ultra-high speed grinding system well. The unbalance factors affected on the ultra-high speed grinding wheel and its system were analyzed, and its effects on the machining quality in the process were also discussed. The theory and select principle of the balance precision for ultra-high speed grinding wheel system were studied. The test of dynamic performance was performed for the thin ultra-high speed CBN grinding wheel system whose structure was optimized. The groundwork to establish the standard of balance precision for thin ultra-high speed grinding system was offered.