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Noah WM sees Q3 revenue drop YoY amid product restructuring

Noah Holdings

The wealth management arm of NYSE-listed Noah Holdings saw a 6% YoY drop in 3Q19 net revenues, in large part due to a major restructuring in investment product mix. According to the wealth manager’s results, the entire firm recorded a slight 0.4% YoY increase in Q3 net revenues from RMB 839 million to RMB 842 million, but its wealth management…

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