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Noah posts strong Q1 results amid HK$5m fine by SFC

Noah Holdings has received a HK$5 million fine from Hong Kong’s Securities and Futures Commission (SFC) for past control failures in the sales and distribution of investment products in the city, dampening the company’s otherwise gravity-defying first quarter results amid a period of drastic regulatory tightening in its home turf of China. The SFC said Noah Hong Kong failed to…

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