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Higher commission rates prop up Noah WM 2Q19 revenue

The wealth management arm of NYSE-listed Noah Holdings saw 2Q19 net revenues rise 12.4% year-on-year, amid considerable drops in the value of its average transaction per active client and the value of distributed financial products. In its unaudited financial results for the second quarter of 2019, Noah Wealth Management reported that net revenues rose to RMB 625.6 million from RMB…

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