Key Takeaways: Hywin Holdings is diversifying beyond its real estate-focused wealth management business with moves into broader asset management and healthcare services The company’s revenue rose 17.6% in the six months through last December, though its profit was flat compared with the year-earlier period
% In the first quarter 2021, we were pleased to see the gradual recovery of investment sentiment among high net worth individuals in China, said Mr. Jianda Ni, Jupai s chairman of the board and chief executive officer. Jupai s total aggregate value of wealth management products distributed increased to RMB 1.87 billion in the first quarter from RMB 1.16 billion in the fourth quarter of 2020 as we continued to improve client experience and develop our product portfolio in line with our Asset Transparency System strategy. We remain optimistic in the company and the long term prospects of China s wealth management industry. Ms. Min Liu, Jupai s chief financial officer, said, Jupai continued to improve business performance and profitability. Net profit attributable to ordinary shareholders increased nearly 100% and total number of active clients also resumed growth, increasing 33% compared to the fourth quarter last year. Jupai will continue to implement our
Jupai Holdings Limited: Jupai Reports First Quarter 2021 Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
It plans to list on the Nasdaq
Shanghai-based wealth management firm Hywin has filed an application with the Securities and Exchange Commission in the US to raise up to $48m in an initial public offering.
This is according to information from Connecticut-based asset manager Renaissance Capital, which manages IPO-focused ETFs.
Hywin plans to list on the Nasdaq under the symbol HYW. Founded in 2006, Hywin provides wealth management, insurance brokerage and asset management services to its clients. Its largest business to date has been in wealth management.
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Fund Selector Asia sought more information from the firm, but it was unable to provide more details in time for publication.