SHANGHAI, April 24, 2020 /PRNewswire/ -- Noah Holdings
Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth
and asset management service provider in China with a focus on global investment and
asset allocation services for high net worth individuals and
enterprises, today announced that it filed its annual report on
Form 20-F for the fiscal year ended December 31,
2019 with the U.S. Securities and Exchange Commission
on April 24, 2020.
The annual report can be accessed on Noah's investor relations
website at http://ir.noahgroup.com. The Company will provide hard
copies of the annual report containing its audited consolidated
financial statements, free of charge, to its shareholders and ADS
holders upon request.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH) is a leading wealth and asset
management service provider in China with a focus on global investment and
asset allocation services for high net worth individuals and
enterprises. In the full year 2019, Noah distributed RMB78.5 billion (US$11.3
billion) of financial products. Through its subsidiary,
Gopher Asset Management Co., Ltd. ("Gopher Asset Management"), Noah
had assets under management of RMB170.2
billion (US$24.4 billion) as
of December 31, 2019.
Noah primarily distributed onshore and offshore credit, private
equity, public securities and other products for its wealth
management business in 2019. Starting from the third quarter of
2019, Noah ceased the offering of single counterparty private
credit products, and shifted its distribution mix to include more
standardized products such as public securities products. Noah
delivers customized financial solutions to clients through a
network of 1,288 relationship managers across 292 service centers
in 82 cities in mainland China,
and serves the international investment needs of its clients
through offices in Hong Kong,
Singapore, Taiwan, Canada, Australia and the
United States. In 2019, including mutual funds clients, the
total number of clients who transacted with Noah were 35,213. As a
leading alternative asset manager in China, Gopher Asset Management manages private
equity, real estate, public securities, credit and multi-strategies
investments denominated in both Renminbi and foreign currencies. As
a comprehensive financial services provider, the Company also
provides lending and other services to its clients.
For more information, please visit Noah at ir.noahgroup.com.
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SOURCE Noah Holdings Limited