Shrinking wealth manager Puyi finds big benefactor in insurance broker Fanhua
Separate shareholder groups from the two publicly traded companies will each acquire a majority stake in the other through an equity swap Key Takeaways: An equity swap will give a…
Hywin seeks new wealth outside sagging property market
The asset manager is diversifying beyond its traditional focus on property-linked investments for wealthy investors Key Takeaways: Hywin Holdings is diversifying beyond its real estate-focused wealth management business with moves…
Noah Holdings Lowers Profit Forecast Amid Market Turmoil, Pandemic Lockdowns
The wealth management company has cut its profit projection for the whole year by up to 35.5%Key Takeaways:Noah Holdings revised down its non-GAAP annual net profit forecast from a maximum…
FAST NEWS: Noah Seeks to Upgrade Hong Kong Listing Status
The latest: Noah Holdings Private Wealth and Asset Management Ltd. (NOAH.US; 6686.HK) announced Wednesday that its board has approved allowing the company to convert its Hong Kong listing from secondary…
FAST NEWS: Hywin to Acquire Health Management Services Company
The latest: Wealth management services provider Hywin Holdings Ltd. (HYW.US) said on Friday it has agreed to buy a controlling interest in Beijing iLife3 Technology Co. Ltd., a provider of…
Wealth Manager Noah Banks on Hong Kong to Revive Fortunes
The Chinese financial firm serving high-net-worth investors will soon list on the Hong Kong Stock Exchange to fund its business expansion. (more…)
Noah Holdings Stung by High Costs Amid Pivot to China’s Rich
Investors dump asset manager’s shares after its latest quarterly report shows heavy spending eroded profit margins Key points: Asset manager Noah Holdings’ second quarter revenue grew 20%, but margins got…
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