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Noah Holdings Limited (NOAH) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Concord Medical Announces Changes in Board of Directors prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Good evening, and welcome to the Noah Holdings 4Q 20 Earnings Conference Call. [Operator Instructions]. I would now like to hand the conference over to Ms. Jingbo Wang, Co-Founder and Chief Executive Officer at Noah Holdings. Please go ahead. Jingbo Wang [Foreign Speech] Today, for the agenda of the conference call, I will first talk about the macro view, then report on Noah s overall performance in 2020 and the development of our major business sectors. Our CFO, Mr. Qing Pan, will then introduce the detailed annual financial results, followed by Q&A session. Looking back on the past year, the market has been moving forward faster like a high-speed train. The supply side reform of China s financial products has continued, and the transfer of household assets to NAV-based products has exceeded market expectations. Among them, the value of the new fund increased by 123% year-over-year to RMB3.2 trillion. The outstanding amount of non-monetary funds continue t ....