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The Bamboo Works

Wealth Manager Noah Banks on Hong Kong to Revive Fortunes

NOAH Hong Kong China New York NYSE Hong Kong Stock Exchange

Key Takeaways:

Noah Holdings was approved for a secondary listing in Hong Kong, offsetting the risk of its shares being ousted from New York
The company posted record profits last year from a super-rich client base, but revenues and profits fell more than 30% in the first quarter in a choppy investment market

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