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Related Party Transactions | 12 Months Ended
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Dec. 31, 2019
Related Party Transactions |
Related Party Transactions | 19. Related Party Transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities. The table below sets forth major related parties and their relationships with the Group: ​
Company Name |  | Relationship with the Group
Sequoia Capital Investment Management (Tianjin) Co., Ltd. |  | Affiliate of shareholder of the Group
Wanjia Win-Win Assets Management Co., Ltd (“Wanjia Win-Win”) |  | Investee of Gopher Asset Management Co., Ltd.
Wuhu Bona Film Investment Management Co., Ltd (“Wuhu Bona”) |  | Investee of Gopher Asset Management Co., Ltd.
Investee funds of Kunshan Jingzhao Equity Investment Management Co., Ltd. |  | Investees of Kunshan Jingzhao Equity Investment Management Co., Ltd., an affiliate of the Group
Investee funds of Noah Holdings (Hong Kong) Limited |  | Investees of Noah Holdings (Hong Kong) Limited, a subsidiary of the Group
Investee funds of Gopher Assets |  | Investees of Gopher Asset Management Co., Ltd. (“Gopher Assets”), a consolidated VIE of the Group
Investee funds of Gopher Capital GP Ltd. |  | Investees of Gopher Capital GP Ltd., a subsidiary of the Group
Shanghai Noah Charity Fund |  | A charity fund established by the Group
​ | ​ | ​
Zhejiang Vanke-Noah Asset Management Co., Ltd (“Zhejiang Vanke”) | ​ | Investee of Gopher Asset Management Co., Ltd.
​ ​ During the years ended December 31, 2017, 2018 and 2019, related party transactions were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31
​ | ​ | (Amount in Thousands)
​ | ​ | 2017 | ​ | 2018 | ​ | 2019 | ​ | 2019
​ |  | RMB |  | RMB |  | RMB |  | US$
One-time commissions |  |  |  |  |  |  |  |
Investee funds of Gopher Assets |  | 558,543 |  | 294,984 |  | 240,808 | ​ | 34,590
One-time commissions earned from funds subscribed by shareholders |  | 2,517 |  | — |  | — |  | —
Total one-time commissions |  | 561,060 |  | 294,984 |  | 240,808 | ​ | 34,590
Recurring services fee |  |  |  |  |  |  |  |
Investee funds of Gopher Assets |  | 617,374 |  | 929,911 |  | 1,009,568 | ​ | 145,015
Wanjia Win-Win |  | 1,079 |  | — |  | 688 |  | 99
Sequoia Capital Investment Management (Tianjin) Co., Ltd. |  | 42,128 |  | 33,009 |  | 15,759 | ​ | 2,264
Investee funds of Gopher Capital GP Ltd. |  | 200,149 |  | 252,782 |  | 313,612 | ​ | 45,047
Wuhu Bona |  | — |  | 8,491 |  | — |  | —
Recurring services fee earned from funds subscribed by shareholders |  | — |  | 2,868 |  | — |  | —
Total recurring services fee |  | 860,730 |  | 1,227,061 |  | 1,339,627 | ​ | 192,425
Performance-based income |  |  |  |  |  |  |  |
Investee funds of Gopher Assets |  | 44,580 |  | 92,128 |  | 34,248 | ​ | 4,919
Investee funds of Gopher Capital GP Ltd. |  | 9,922 |  | 8,405 |  | 36,800 | ​ | 5,286
Zhejiang Vanke |  | — |  | — |  | 18,600 | ​ | 2,672
Total performance-based income |  | 54,502 |  | 100,533 |  | 89,648 | ​ | 12,877
Other service fee |  |  |  |  |  |  |  |
Other services subscribed by shareholders |  | 23,313 |  | 29,227 |  | 3,899 | ​ | 560
Investee funds of Gopher Capital GP Ltd. |  | 1 |  | — |  | — |  | —
Total other service fee |  | 23,314 |  | 29,227 |  | 3,899 | ​ | 560
Total |  | 1,499,606 |  | 1,651,805 |  | 1,673,982 | ​ | 240,452
​ As of December 31, 2018, and 2019, amounts due from related parties associated with the above transactions were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2018 | ​ | 2019 | ​ | 2019
​ |  | RMB |  | RMB |  | US$
Wanjia Win-Win |  | 277 |  | — |  | —
Investee funds of Gopher Assets |  | 470,481 |  | 428,724 | ​ | 61,583
Investee funds of Kunshan Jingzhao Equity Investment Management Co., Ltd. |  | 110 |  | — |  | —
Investee funds of Gopher Capital GP Ltd. |  | 55,556 |  | 70,247 | ​ | 10,090
Total |  | 526,424 |  | 498,971 | ​ | 71,673
​ As of December 31, 2018, and 2019, amounts due from related parties associated with loan distributed were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2018 | ​ | 2019 | ​ | 2019
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 32,007 |  | 42,170 | ​ | 6,057
Investee funds of Gopher Capital GP Ltd. |  | 13,770 |  | 7,564 | ​ | 1,087
Total |  | 45,777 |  | 49,734 | ​ | 7,144
​ The terms of the loans are due on demand and most of the loans are interest free. As of December 31, 2018, and 2019, deferred revenues related to the recurring management fee received in advance from related parties were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2018 | ​ | 2019 | ​ | 2019
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 88,158 |  | 74,664 | ​ | 10,725
Wanjia Win-Win |  | 1,006 |  | — | ​ | —
Investee funds of Gopher Capital GP Ltd. |  | 10,311 |  | 1,402 | ​ | 201
Total |  | 99,475 |  | 76,066 | ​ | 10,926
​ During the years ended December 31, 2017, 2018 and 2019, donation made to Shanghai Noah Foundation were RMB2.7 million, RMB1.2 million and RMB1.2 million, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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