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Noah Holdings 2Q21 net revenues up 20% YoY, core client base expanded

NYSE-listed Chinese wealth manager Noah Holdings has reported net revenues of RMB 899.4 million (US$139.3 million) in 2Q21, up 20.3% YoY, driven by increased one-time commissions and recurring service fees. The wealth management business generated net revenues of RMB 626 million in 2Q21, up 15.3% YoY. Within the WM segment, recurring service fees were the largest contributor in 2Q21: RMB…

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