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Noah’s WM income triples following a surge in PE and mutual funds distribution in 3Q20

Noah Holdings has posted stronger-than-anticipated 3Q20 results, led by robust wealth management (WM) business growth, as the firm pushed ahead with the transformation of its products line, set in motion just over a year ago. The Chinese independent wealth manager has just passed the first-decade mark of its initial public offering on the New York Stock Exchange (NYSE). A year…

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