Bringing you live news and features since 2006 

China Flag

Three Noah entities complete AMAC registration


Noah Holdings Limited has completed the registration of its private security investment, equity investment and venture capital investment businesses with the Asset Management Association of China (AMAC).

Each has been granted a private investment fund manager registration certificate from AMAC.
The three entities are Gopher Asset Management, Tianjin Gopher Asset Management and Gopher Nobel (Shanghai) Asset Management.
Registration with AMAC allows these Noah entities to independently conduct private security investment businesses without having to involve third parties.
Noah provides asset allocation and management services to high net worth individuals, families and institutional clients. As of 31 December 2013, total accumulated asset under management was RMB31bn.
Relevant PRC laws require independent fund managers to complete the registration with AMAC before they can independently launch private securities investment fund. These three Noah entities are among the first 50 PRC entities to receive the private investment fund manager registration certificate from AMAC.
Jingbo Wang, co-founder, chairwoman of the board of directors and chief executive officer, says: "We are very pleased that three Noah entities were included in the first 50 PRC entities to receive the private investment fund manager registration certificate from AMAC. This allows us to further develop our asset management business and enhance our core competitive advantage." 

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by