Core Viewpoint - Noah Holdings Limited has filed its annual report for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission, highlighting its position as a leading wealth management service provider for high net worth investors [1]. Company Overview - Noah Holdings Limited is a pioneer in wealth management, offering comprehensive advisory services primarily for Mandarin-speaking high-net-worth investors [2]. - In 2023, Noah distributed investment products worth RMB74.1 billion (approximately US$10.4 billion) [2]. - As of December 31, 2023, Noah's assets under management through Gopher Asset Management totaled RMB154.6 billion (approximately US$21.8 billion) [2]. Wealth Management Business - The wealth management business of Noah primarily includes private equity, private secondary, mutual funds, and other investment products in RMB and other currencies [3]. - Noah operates a network covering major cities in mainland China, Hong Kong, Taiwan, New York, Silicon Valley, Singapore, and Los Angeles, with 1,252 relationship managers across 44 cities [3]. - As of December 31, 2023, the company had 455,827 registered clients, providing customized financial solutions to meet their investment needs [3].
Noah Holdings Limited Files 2023 Annual Report on Form 20-F