NOAH HOLDINGS(US:NOAH)2025-04-24 20:03Awards and Recognition - In 2024, Noah Holdings received multiple accolades including "Best Independent Wealth Manager-China" and "Best Wealth Manager-ESG" reflecting its strong market position and client-centric approach[30]. Brand Development - The company launched new brands such as Ark Wealth Management and Olive Asset Management to cater to the specific wealth management needs of Chinese clients globally[31]. - Noah has launched three overseas brands: Ark Wealth Management, Olive Asset Management, and Glory Family Heritage, expanding its service offerings[45]. ESG and Sustainability Initiatives - Noah actively supports national low-carbon initiatives and has endorsed the COP16 Business for Nature Declaration, promoting nature-positive and zero-carbon business models[34]. - The company integrates ESG principles into its corporate strategy, addressing evolving client needs and fortifying its market position[30]. - The firm is focused on sustainable development and ESG initiatives, aligning with global investment trends[42]. - 2024 key ESG performance includes 62.5% female board directors and 100% compliance with corporate governance requirements[47]. - Total donations for community engagement and ecological conservation reached RMB 9.3499 million, a year-on-year increase of 48.67% benefiting 10,000 people[48]. - The S&P CSA Score improved from 36 to 50, placing the company in the top 8% globally[49]. - The Wind ESG Rating and Refinitiv ESG Rating both achieved an A-level rating, ranking in the top 6% of the industry[49]. - Noah integrates ESG principles into its core strategy and daily operations, focusing on responsible investment and community welfare[145]. Governance and Compliance - The Ethics Compliance Committee revised its charter in 2024 to strengthen governance and compliance oversight, enhancing the whistleblowing mechanism[33]. - The company established eight specialized committees under the Board of Directors to enhance governance and strategic decision-making[79]. - The Corporate Governance and Nomination Committee focuses on diversity and professionalism in Board member selection, emphasizing expertise and integrity over demographics[66]. - Related-party transactions are rigorously reviewed to align with internal policies, ensuring fairness and safeguarding shareholders' interests[70]. - The Group adheres to the Corporate Governance Code, requiring Directors to rotate and retire at least once every three years to enhance governance efficiency[65]. Risk Management - The Group's risk management system covers risks across new and existing business lines, operational hazards, and ongoing enhancements to systems and processes[99]. - Noah's annual risk map effectively identifies and categorizes group-wide Level 1, 2, and 3 risks, covering common ESG risks such as human resources risks, technology risks, and legal and compliance risks[111]. - In 2024, Noah prioritized identifying emerging risks with the potential to disrupt its business over the next 3 to 5 years, isolating two critical threats for targeted mitigation strategies[113]. - The company has implemented a comprehensive risk management framework that includes market, credit, liquidity, and operational risk controls[120]. Client Engagement and Services - Noah's comprehensive financial solutions cater to high-net-worth individuals, families, and corporate clients, emphasizing overseas asset allocation and wealth inheritance[45]. - The company aims to empower clients through various programs, including study tours and themed events, enhancing client engagement and service delivery[42]. - The company is exploring new product and service offerings in the context of global wealth management, including asset allocation and tax planning services[85]. Employee Development and Training - The company has granted 365,000 restricted stock units to 568 employees, enhancing human resource development[47]. - The coverage rate of business ethics training for management and employees is 82%[141]. - A total of 2,700 training hours were conducted[141]. - Noah is focusing on enhancing employee training and digital skills to adapt to the evolving fintech landscape[117]. Financial Performance - Noah's asset management scale reached RMB 151.5 billion, with a year-on-year growth of 15.8%[40]. - The company reported a significant increase in active clients, totaling 17,210, reflecting a robust growth strategy[40]. - The company reported a significant increase in annual budgets, providing rolling forecasts and flexible budgeting strategies[81]. Technology and Innovation - Noah is increasing investment in digital platforms and developing intelligent investment advisory services to enhance technological innovation[117]. - The company is actively integrating digital platforms to improve client service delivery and operational efficiency[85]. Data Security and Privacy - Noah has established a comprehensive data security management system that complies with the Cybersecurity Law, Data Security Law, and Personal Information Protection Law of China[181]. - The company has established a robust mechanism for personal information protection, covering the entire lifecycle from collection to deletion[188]. - Noah's data security measures are designed to prevent unauthorized access and ensure the integrity of user information throughout its lifecycle[188]. Stakeholder Engagement - The Group emphasizes stakeholder engagement, categorizing stakeholders into six types and maintaining transparent communication channels[162]. - The company is committed to safeguarding shareholder rights and interests through a well-established institutional framework and rigorous execution processes[84].