SHANGHAI, Feb. 12, 2016 /PRNewswire/ -- Noah Holdings
Limited ("Noah" or the "Company") (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, today commented on the recent
volatility in the global capital markets.
As a firm that focuses on long-term value creation, Noah
believes that this is an opportune time for the Company to continue
to invest in building a stronger platform for the future. "Noah has
weathered multiple economic cycles since our founding. Our
businesses have always been about helping clients ride through
these economic cycles. Our product and investment approaches have
been refined and strengthened over the last 12 years with a strong
focus on long-term value. In volatile markets such as this
one, we continue to be a safe haven for our clients. The current
regulatory and market environment presents great opportunities for
Noah to consolidate and solidify our leading position. In
fact, we were able to gain substantial market share during previous
periods of high volatility," commented Ms. Jingbo Wang, Noah's Founder, Chairman and
CEO.
"Noah has one of the most robust platforms globally for Chinese
high net worth clients. Amidst the current volatile markets,
we will continue to build on our momentum and remain focused on
growth across our services," said Kenny
Lam, Noah's Group President. Noah also reiterated its
plan to continue to execute on the USD 50
million repurchase program that was announced on
July 8, 2015.
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. In the third quarter of 2015, Noah
distributed over US$4.1 billion of
wealth management products. As of September
30, 2015, Noah had assets under management of US$12.1 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 develops and
manages financial products denominated in both Renminbi and U.S.
dollars, covering real estate funds and funds of funds, including
private equity funds, real estate funds, hedge funds and fixed
income funds through Gopher Asset Management. In addition, in 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 1,038 relationship
managers across 130 branches and sub-branches in 65 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 88,663 registered clients
as of September 30, 2015.
Noah has won numerous awards and recognition, including top 5 in
Fortune's list of Fastest-Growing Companies in 2015, 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, 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.
Contacts:
Noah Holdings Limited
Ken Liu
Tel: +86 21 8035 9221
ir@noahwm.com
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SOURCE Noah Holdings Limited