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Noah WM optimistic in the face of COVID-19 as it continues shift to online sales of standardised products

Noah Holdings

Noah Wealth Management’s halting of single-counterparty credit product sales have stiffened the growth its year-on-year revenue in 4Q19, but the firm is “reasonably optimistic” on the gains it can make for the value of total transactions in 2020, as it continues focusing on the online sales of standardised products. Noah Holdings recorded a 4.1% YoY drop in overall Q4 net…

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