Noah Holdings Posts Solid Q3 Financial Performance as Global Expansion Gains Momentum
Amid global market uncertainty and instability in the Chinese wealth management industry, Noah grew both net revenues and non-GAAP net income on a year-on-year basis during the quarter.
- Amid global market uncertainty and instability in the Chinese wealth management industry, Noah grew both net revenues and non-GAAP net income on a year-on-year basis during the quarter.
- The robust performance was driven by Noah?s reputation for offering prudent and compliant asset allocation solutions as well as its expansion in key overseas hubs to meet demand for global exposure among Chinese high-net-worth investors.
- In the domestic business, Noah continued to focus on expanding its presence in first-tier cities and other major population centers.
- Internationally, Noah hit another milestone in its global expansion with the opening of its client service center in Los Angeles.