SHANGHAI, Sept. 22, 2015 /PRNewswire/ -- Noah Holdings
Limited ("Noah") (NYSE: NOAH), a leading wealth management services
provider with a focus on global wealth investment and asset
allocation services for high net worth individuals and enterprises
in China, announced today a
strategic partnership with UK Trade & Investment (UKTI).
The partnership is designed to open up opportunities for Chinese
high net worth individuals in investment, philanthropy, cultural
exchanges, and education in the United
Kingdom. UKTI will tailor programs for Noah's clients and
ensure that they have broad access to the most suitable
opportunities across these areas.
"Globalization for both our client bases is a key trend at UKTI
and Noah. At Noah, we wish to ensure that we have the best and most
comprehensive service platform for our clients. This partnership is
another step towards that goal. The United Kingdom is the number one destination
for Chinese investment in Europe.
Its rich heritage, world-recognized creativity, and mature
financial markets represent an ideal market for our
clients. We are very glad to be able to partner with UKTI on
this endeavor," said Kenny Lam,
Noah's Group President, a law graduate from Oxford
University.
The Rt Hon Sajid Javid, MP and Secretary of State for Business,
Innovation, and Skills, HM Government said, "The UK and
China are both global engines of
growth and have a truly global partnership that spans not only
trade and investment, but also culture, science, research,
education and people-to-people exchanges. We very much look forward
to this new partnership with Noah as a way of strengthening the
links between the UK and China's
dynamic entrepreneurs and of introducing more Chinese businesses to
the wide range of investment opportunities the UK offers."
ABOUT UKTI
UK Trade & Investment (UKTI) works with UK based businesses
to ensure their success in international markets through exports.
It also encourages and supports overseas companies to look at the
UK as the best place to set up or expand their
business.
ABOUT NOAH HOLDINGS LIMITED
Founded in 2005, Noah Holdings Limited (NYSE: NOAH) is a leading
wealth management services provider with a focus on global wealth
investment and asset allocation services for high net worth
individuals and enterprises in China. From its founding to June 30, 2015, Noah has distributed over
US$37.6 billion of wealth management
products. As of June 30, 2015, Noah
had assets under management of US$10.4
billion.
Noah distributes a wide array of wealth management products,
including fixed income products, private equity fund products,
mutual fund products and insurance products. Noah also manages
private equity funds, real estate funds, hedge funds, and other
assets through Gopher Asset Management. In addition, in the second
quarter of 2014, the Company launched a proprietary internet
finance platform to provide financial products and services to
white-collar professionals and enterprise clients in China. Noah delivers customized financial
solutions to clients through a network of 953 relationship managers
across 112 branches and sub-branches in 64 cities in China, and serves the international investment
needs of its clients through a wholly owned subsidiary in
Hong Kong. The Company's wealth
management business had 81,939 registered clients as of
June 30, 2015.
Noah has won numerous awards, including Forbes' Best Potential
Business in China award in 2015,
STCN's Best Third Party Wealth Management Company award in 2014,
Hurun Report's Popular Independent Wealth Management Institution
award in 2013 and 2014, and Deloitte's Technology Fast 500 Asia
Pacific award in 2013.
For more information please visit Noah at ir.noahwm.com.
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Among other things, the success of the partnership with UKTI, and
quotations from management in this announcement, as well as Noah's
strategic and operational plans, contain forward-looking
statements. Noah may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about Noah's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: its goals
and strategies; its future business development, financial
condition and results of operations; the expected growth of the
wealth management market in China
and internationally; its expectations regarding demand for and
market acceptance of the products it distributes; its expectations
regarding keeping and strengthening its relationships with key
clients; relevant government policies and regulations relating to
its industry; its ability to attract and retain quality employees;
its ability to stay abreast of market trends and technological
advances; its plans to invest in research and development to
enhance its product choices and service offerings; competition in
its industry in China and
internationally; general economic and business conditions in
China; and its ability to
effectively protect its intellectual property rights and not
infringe on the intellectual property rights of others. Further
information regarding these and other risks is included in Noah's
filings with the U.S. Securities and Exchange Commission, including
its annual reports on Form 20-F. All information provided in this
press release is as of the date of this press release, and Noah
does not undertake any obligation to update any such information,
including forward-looking statements, as a result of new
information, future events or otherwise, except as required under
applicable law.
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SOURCE Noah Holdings Limited