Noah Holdings Limited Releases Its 2024 Annual Report Highlighting Growth and Client Outreach
Noah Holdings Limited, a prominent player in the wealth management sector, has officially filed its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. This report reflects the company's financial performance and highlights key developments for the year ending December 31, 2024.
As a leading wealth management service provider, Noah caters primarily to Mandarin-speaking high-net-worth investors, offering a reliable platform for global investment and asset allocation. The company's shares are tradeable on both the New York Stock Exchange under the symbol "NOAH" and on the Hong Kong Stock Exchange where it is listed with the code "6686." The release of this report aims to enhance transparency and provide valuable insights to stakeholders and potential investors.
According to the company’s records, Noah's impressive distribution of investment products reached a staggering RMB 63.9 billion (approximately US$8.8 billion) throughout 2024. This illustrates a robust demand for their wealth management services and reinforces their reputation in the financial market. Additionally, Noah’s asset management subsidiaries, Gopher Asset Management and Olive Asset Management, reported a collective asset under management (AUM) amounting to RMB 151.5 billion, translating to around US$20.8 billion by the year's end.
Noah's operations are characterized by a diverse range of wealth management products, including private equity and public securities, available in both RMB and various international currencies. Their strategic outreach is extensive, covering major metropolitan areas across mainland China as well as significant global financial hubs such as Hong Kong, New York, Silicon Valley, Singapore, and Los Angeles. By December 31, 2024, the company had developed a robust base of 462,049 registered clients, underscoring their effectiveness in reaching affluent individuals seeking enhanced asset management solutions.
Moreover, Noah Holdings ensures that its shareholders have easy access to comprehensive financial information. They provide the opportunity to request audited financial statements in hard copy, free of charge, which can be obtained by contacting the Investor Relations Department via their official email. This initiative exemplifies Noah’s commitment to transparency and client service, ensuring that their stakeholders remain informed and engaged with the company’s progress.
As the company continues to refine its offerings and expand its reach, the focus remains on providing expert advisory services tailored to the specific needs of high-net-worth clients. With an established track record and a solid foundation of trust, Noah Holdings is poised to navigate the wealth management landscape effectively in the years to come, adapting to the changing market dynamics and client needs.
In summary, Noah Holdings Limited's 2024 Annual Report not only marks a milestone in its corporate governance but also serves as a testament to its sustained growth and client engagement strategies. The significant financial figures and an expansive client base reflect a strong market presence and operational efficacy. Investors and stakeholders alike can look forward to the company's strategic initiatives aimed at enhancing its global standing in the wealth management sector.
As a leading wealth management service provider, Noah caters primarily to Mandarin-speaking high-net-worth investors, offering a reliable platform for global investment and asset allocation. The company's shares are tradeable on both the New York Stock Exchange under the symbol "NOAH" and on the Hong Kong Stock Exchange where it is listed with the code "6686." The release of this report aims to enhance transparency and provide valuable insights to stakeholders and potential investors.
According to the company’s records, Noah's impressive distribution of investment products reached a staggering RMB 63.9 billion (approximately US$8.8 billion) throughout 2024. This illustrates a robust demand for their wealth management services and reinforces their reputation in the financial market. Additionally, Noah’s asset management subsidiaries, Gopher Asset Management and Olive Asset Management, reported a collective asset under management (AUM) amounting to RMB 151.5 billion, translating to around US$20.8 billion by the year's end.
Noah's operations are characterized by a diverse range of wealth management products, including private equity and public securities, available in both RMB and various international currencies. Their strategic outreach is extensive, covering major metropolitan areas across mainland China as well as significant global financial hubs such as Hong Kong, New York, Silicon Valley, Singapore, and Los Angeles. By December 31, 2024, the company had developed a robust base of 462,049 registered clients, underscoring their effectiveness in reaching affluent individuals seeking enhanced asset management solutions.
Moreover, Noah Holdings ensures that its shareholders have easy access to comprehensive financial information. They provide the opportunity to request audited financial statements in hard copy, free of charge, which can be obtained by contacting the Investor Relations Department via their official email. This initiative exemplifies Noah’s commitment to transparency and client service, ensuring that their stakeholders remain informed and engaged with the company’s progress.
As the company continues to refine its offerings and expand its reach, the focus remains on providing expert advisory services tailored to the specific needs of high-net-worth clients. With an established track record and a solid foundation of trust, Noah Holdings is poised to navigate the wealth management landscape effectively in the years to come, adapting to the changing market dynamics and client needs.
In summary, Noah Holdings Limited's 2024 Annual Report not only marks a milestone in its corporate governance but also serves as a testament to its sustained growth and client engagement strategies. The significant financial figures and an expansive client base reflect a strong market presence and operational efficacy. Investors and stakeholders alike can look forward to the company's strategic initiatives aimed at enhancing its global standing in the wealth management sector.
Topics Financial Services & Investing）
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