Retrieved on:
Wednesday, March 27, 2024
USD,
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HKEX,
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Cryptocurrency This robust performance was driven by Noah's strategic foresight and adaptability as it transitioned from a product-focused model to a solution-driven approach.
Key Points:
- This robust performance was driven by Noah's strategic foresight and adaptability as it transitioned from a product-focused model to a solution-driven approach.
- The pace of our international expansion continues to increase as our clients' demand for global asset allocation grows.
- Following extensive research to identify overseas markets with high concentrations of HNW Chinese-speaking investors, Noah opened an office in Los Angeles.
- Noah's full financial results for the fourth quarter and year ended December 31, 2023 are available at ir.noahgroup.com.
SHANGHAI, May 7, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today provides updates on the status of the legal proceedings against Camsing International Holding Limited and one of its affiliates (collectively, "Camsing") related to certain credit funds (the "Camsing Credit Funds") managed by Shanghai Gopher Asset Management Co., Ltd. ("Shanghai Gopher").
Key Points:
- SHANGHAI, May 7, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today provides updates on the status of the legal proceedings against Camsing International Holding Limited and one of its affiliates (collectively, "Camsing") related to certain credit funds (the "Camsing Credit Funds") managed by Shanghai Gopher Asset Management Co., Ltd. ("Shanghai Gopher").
- On May 6, 2024, the Company received the judgment of the Camsing Civil Case, in which Shanghai Financial Court ruled in favor of Shanghai Gopher against Camsing.
- Further, Camsing was ordered to bear the fees and expenses of RMB17.1 million incurred by Shanghai Financial Court.
- Other claims made by Shanghai Gopher against the Co-defendants were dismissed by Shanghai Financial Court.
Retrieved on:
Wednesday, March 13, 2024
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Tutoring HONG KONG, Mar 13, 2024 - (ACN Newswire) - On March 11, Noah Holdings (Hong Kong) Limited was honored with full membership by the Private Wealth Management Association (PWMA), marking a significant milestone as the first non-bank institution of Chinese origin to join the prestigious group.
Key Points:
- HONG KONG, Mar 13, 2024 - (ACN Newswire) - On March 11, Noah Holdings (Hong Kong) Limited was honored with full membership by the Private Wealth Management Association (PWMA), marking a significant milestone as the first non-bank institution of Chinese origin to join the prestigious group.
- PWMA is an industry association comprised of numerous distinguished wealth management institutions within the Hong Kong region.
- Over the past decade, PWMA has consistently organized the highly acclaimed PWMA Wealth Management Summit with famous associations, institutions and companies across the world.
- Going forward, Noah Holdings will maintain a close relationship with the PWMA, actively seeking avenues for industry development.
SHANGHAI, March 14, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider offering comprehensive global investment and asset allocation advisory services primarily for Mandarin-speaking high-net-worth investors, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023, on March 26, 2024.
Key Points:
- SHANGHAI, March 14, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider offering comprehensive global investment and asset allocation advisory services primarily for Mandarin-speaking high-net-worth investors, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023, on March 26, 2024.
- Noah's management team will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on Tuesday, March 26, 2024 (8:00 a.m. Beijing/Hong Kong Time on Wednesday, March 27, 2024).
- The conference call may be accessed with the following details:
HK,
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News,
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HKEX,
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Policy,
Alpha,
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Distinction The organization's annual APB Summit in Hong Kong and Singapore caters to a wide audience within the private wealth management community.
Key Points:
- The organization's annual APB Summit in Hong Kong and Singapore caters to a wide audience within the private wealth management community.
- "Chinese wealth manager Noah Holdings continues its offshore expansion, tapping Chinese clients who wants to go global.
- These results highlighted the Company's strong performance and the trust that clients place in it as private wealth manager.
- Mr. Yin Zhe, Co-Founder and CEO of Noah, commented "2023 was a tremendous year for Noah and we are honored to receive the "Best Independent Wealth Manager - China" award for the seventh time.
SHANGHAI, Jan. 12, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, today provides further update on the status of the legal proceedings related to certain credit funds managed by Shanghai Gopher Asset Management Co., Ltd. (the "Shanghai Gopher").
Key Points:
- SHANGHAI, Jan. 12, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, today provides further update on the status of the legal proceedings related to certain credit funds managed by Shanghai Gopher Asset Management Co., Ltd. (the "Shanghai Gopher").
- Certain companies and individuals in connection with such supply chain account receivables were later suspected to commit fraudulent activities (the "Camsing Incident").
- The Company believes that the results of the criminal proceeding would not have any material adverse effect on its business, results of operations or reputation.
- The Company will continue to closely monitor and evaluate any future development of the legal proceedings in connection with the Camsing Incident and promptly inform investors of any updates as appropriate.
Retrieved on:
Thursday, November 30, 2023
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Environment 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.
Key Points:
- 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.
Retrieved on:
Friday, December 29, 2023
SHANGHAI, Dec. 29, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, today announced that its Board of Directors (the "Board") has approved a separation of the chief executive officer and chairperson roles. Mr. Zhe Yin, co-founder and director of the Company and chairman of Gopher Asset Management Co., Ltd., has been appointed as the chief executive officer of the Company, effective December 29, 2023, to succeed Ms. Jingbo Wang, who will remain as the chairwoman of the Board and the chairwoman of the Company's corporate governance and nominating committee. The decision to separate the roles of the chief executive officer and chairperson was taken for the purpose of achieving better corporate governance pursuant to the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, specifically code provision C.2.1, and reflects the Company's commitment to adhering to corporate governance best practices.
Key Points:
- Mr. Zhe Yin appointed as CEO; Ms. Jingbo Wang to remain as Chairwoman
SHANGHAI, Dec. 29, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, today announced that its Board of Directors (the "Board") has approved a separation of the chief executive officer and chairperson roles.
- Mr. Yin is one of the founders of the Company and has been a director since June 2007.
- Prior to co-founding Noah, Mr. Yin worked at Xiangcai Securities Co., Ltd. from November 2003 to September 2005 as a deputy general manager of the private banking department.
- Under Mr. Yin's leadership, I am confident that Noah will continue to execute our growth initiatives and create substantial value for our clients and shareholders.
Retrieved on:
Friday, November 17, 2023
SHANGHAI, Nov. 17, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of Noah Holdings Limited (the "Company", with its subsidiaries and consolidated affiliated entities, the "Group") will hold a Board meeting on Wednesday, November 29, 2023 (Hong Kong Time) for the purpose of, among others, considering and approving the unaudited financial results of the Group for the nine months ended September 30, 2023 (the "Q3 Results") and its publication.
Key Points:
- SHANGHAI, Nov. 17, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of Noah Holdings Limited (the "Company", with its subsidiaries and consolidated affiliated entities, the "Group") will hold a Board meeting on Wednesday, November 29, 2023 (Hong Kong Time) for the purpose of, among others, considering and approving the unaudited financial results of the Group for the nine months ended September 30, 2023 (the "Q3 Results") and its publication.
- The Company will announce its Q3 Results at or around 6:00 a.m. on Thursday, November 30, 2023 (Hong Kong Time) on the website of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk.
- Following the announcement of the Q3 Results, the Company's senior management will host a combined English and Chinese language earnings conference call to discuss its Q3 Results and recent business activities.
- The conference call may be accessed with the following details:
Retrieved on:
Thursday, November 16, 2023
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Hong Kong Global expansion making progress in Hong Kong (China), Singapore and U.S.
Key Points:
- Global expansion making progress in Hong Kong (China), Singapore and U.S.
SHANGHAI, Nov. 16, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, hosted its 2023 Investor Day on November 14, 2023, in Hong Kong.
- From day one, we have always stuck to our bottom lines: segregation of clients' capital, no maturity mismatches, and no cross-border movement of funds.
- Noah initiated an international expansion strategy in 2022 to capitalize on the rapidly-growing demand for global asset allocation among mandarin-speaking HNW clients.
- Noah's global expansion strategy is guided by a management team with extensive experience in world-leading financial institutions.