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Noah posts solid Q3 WM profits

NOT CHINA/CHINESE!!!

Noah Holdings has seen its wealth management operating income jump 22.8% YoY to RMB143.1 million (US$20.78 million), accounting for 88.1% of overall group income. Net revenues for wealth management arm were also up (+27.1% YoY), totalling RMB474.6 millions (US$68.91 million). By the end of Q3, Noah – China’s largest independent wealth manager – had 130,491 registered clients, up 13.6% QoQ or 47.2% YoY….

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