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Organization and Principal Activities

12 Months Ended

Dec. 31, 2019

Organization and Principal Activities

Organization and Principal Activities

1. Organization and Principal Activities

Noah Holdings Limited (“Company”) was incorporated on June 29, 2007 in the Cayman Islands by six individuals (the “Founders”). The Company, through its subsidiaries and consolidated variable interest entities (“VIEs”) (collectively, the “Group”), is a comprehensive integrated financial services group with wealth management, asset management and lending and other businesses in the People’s Republic of China (“PRC”). The Group began offering services in 2005 through Shanghai Noah Investment Management Co., Ltd. (“Noah Investment”), a consolidated variable interest entity, founded in the PRC in August 2005.

The Company’s significant subsidiaries as of December 31, 2019 include the following:

​

​	​	​	​	​	​	​	​
​		​		​		Percentage
​	​	​	​	Place of	​	of	​
​		Date of Incorporation		Incorporation		Ownership	​
Noah Upright Fund Distribution Co., Ltd. (formerly known as Noah Upright (Shanghai) Fund Investment Consulting Co., Ltd.)		November 18, 2003		PRC		100	%
Shanghai Noah Investment (Group) Co., Ltd (formerly known as Shanghai Noah Rongyao Investment Consulting Co., Ltd)		August 24, 2007		PRC		100	%
Shanghai Noah Financial Services Corp.		April 18, 2008		PRC		100	%
Noah Insurance (Hong Kong) Limited		January 3, 2011		Hong Kong		100	%
Shanghai Rongyao Information Technology Co., Ltd.		March 2, 2011		PRC		100	%
Kunshan Noah Xingguang Investment Management Co., Ltd.		August 12, 2011		PRC		100	%
Noah Holdings (Hong Kong) Limited		September 1, 2011		Hong Kong		100	%
Gopher Capital GP Limited		May 11, 2012		Cayman		100	%
Zigong Noah Financial Service Co., Ltd.		October 22, 2012		PRC		100	%
Gopher CCM Limited		August 17, 2015		Cayman		100	%
Noah Rongyitong (Wuhu) Microfinance Co., Ltd.		August 13, 2013		PRC		100	%
ARK Trust (Hongkong) Limited		September 15, 2014		Hong Kong		100	%
Noah (Shanghai) Financial Leasing Co., Ltd		December 20, 2014		PRC		100	%
Noah International (Hong Kong) Limited		January 7, 2015		Hong Kong		100	%
Kunshan Noah Rongyao Investment Management Co., Ltd.		December 2, 2015		PRC		100	%
Shanghai Noah Chuangying Enterprise Management Co., Ltd.		December 14, 2015		PRC		100	%
Gopher International Investment Management (Shanghai) Limited		November 14, 2016		PRC		100	%
Noah Insurance Services LLC		February 10, 2017		US		100	%
Wuhu Noah Financial Services Co., Ltd.	​	July 26, 2017		PRC		100	%
Joy Triple Star Holdings Limited	​	January 12, 2018		BVI		100	%
Elivisa Consulting Pte Limited	​	April 9, 2019		Singapore		100	%

​

Noah Investment’s significant subsidiaries as of December 31, 2019 include the following:

​

​	​	​	​	​	​	​	​
​		​		​		Percentage
​	​	​	​	Place of	​	of	​
​		Date of Incorporation		Incorporation		Ownership	​
Tianjin Gopher Asset Management Co., Ltd.		March 18, 2010		PRC		100	%
Gopher Asset Management Co., Ltd.		February 9, 2012		PRC		100	%
Wuhu Gopher Asset Management Co., Ltd.		October 10, 2012		PRC		100	%
Shanghai Gopher Asset Management Co. Ltd.		December 14, 2012		PRC		100	%
Shanghai Mengkuan Asset Management Co., Ltd	​	March 24, 2015	​	PRC	​	100	%
Gopher Nuobao (Shanghai) Asset Management Co., Ltd.		April 10, 2013		PRC		100	%

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- Definition

The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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- References

No definition available.

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