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Related Party Transactions | 12 Months Ended
--- | ---
Dec. 31, 2022
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 |  | Investee of Gopher Asset Management Co., Ltd. (“Gopher Assets”)
|  | ​
Shanghai Dingnuo Technology Co., Ltd. (“Dingnuo”) |  | Affiliate of shareholder of the Group
|  | ​
Investee funds of Gopher Assets |  | Investees of 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
​ ​ During the years ended December 31, 2020, 2021 and 2022, related party transactions were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31
​ | ​ | (Amount in Thousands)
​ | ​ | 2020 | ​ | 2021 | ​ | 2022 | ​ | 2022
​ |  | RMB |  | RMB |  | RMB |  | US$
One-time commissions |  |  |  |  |  |  |  |
Investee funds of Gopher Assets |  | 129,823 |  | 140,522 |  | 63,809 | ​ | 9,251
Recurring service fees |  |  |  | ​ |  | ​ |  | ​
Investee funds of Gopher Assets |  | 927,611 |  | 871,618 |  | 768,161 | ​ | 111,373
Wanjia Win-Win |  | — |  | 463 |  | — |  | —
Sequoia Capital Investment Management (Tianjin) Co., Ltd. |  | 12,411 |  | 26,488 |  | 16,791 | ​ | 2,434
Investee funds of Gopher Capital GP Ltd. |  | 302,431 |  | 323,691 |  | 377,274 | ​ | 54,700
Total recurring services fee |  | 1,242,453 |  | 1,222,260 |  | 1,162,226 | ​ | 168,507
Performance-based income |  |  |  | ​ |  | ​ |  | ​
Investee funds of Gopher Assets |  | 140,050 |  | 166,580 |  | 51,304 | ​ | 7,438
Investee funds of Gopher Capital GP Ltd. |  | 68,946 |  | 225,710 |  | 74,224 | ​ | 10,762
Total performance-based income |  | 208,996 |  | 392,290 |  | 125,528 | ​ | 18,200
Other service fees |  | ​ |  | ​ |  | ​ |  | ​
Investee funds of Gopher Assets |  | 3,425 |  | 5,945 |  | — | ​ | —
Investee funds of Gopher Capital GP Ltd. |  | 86 |  | — |  | — |  | —
Total other service fees |  | 3,511 |  | 5,945 |  | — | ​ | —
Total |  | 1,584,783 |  | 1,761,017 |  | 1,351,563 | ​ | 195,958
​ As of December 31, 2021, and 2022, amounts due from related parties associated with the above transactions were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2021 | ​ | 2022 | ​ | 2022
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 320,623 | ​ | 317,969 | ​ | 46,101
Investee funds of Gopher Capital GP Ltd. |  | 97,378 | ​ | 108,090 | ​ | 15,672
Total in gross amounts | ​ | 418,001 | ​ | 426,059 | ​ | 61,773
Less: allowance for credit losses | ​ | (17,343) | ​ | (11,872) | ​ | (1,721)
Total in net amounts |  | 400,658 | ​ | 414,187 | ​ | 60,052
​ As of December 31, 2021, and 2022, amounts due from related parties associated with loan distributed were comprised of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2021 | ​ | 2022 | ​ | 2022
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 18,850 |  | 13,940 | ​ | 2,021
Investee funds of Gopher Capital GP Ltd. |  | 44,666 |  | 29,091 | ​ | 4,217
Total in gross amounts | ​ | 63,516 | ​ | 43,031 | ​ | 6,238
Less: allowance for credit losses | ​ | (12,785) | ​ | (13,794) | ​ | (2,000)
Total in net amounts |  | 50,731 |  | 29,237 | ​ | 4,238
​ The loans are due on demand and expected to be matured within one year, most of which are interest free. As of December 31, 2021, and 2022, 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)
​ | ​ | 2021 | ​ | 2022 | ​ | 2022
​ |  | RMB |  | RMB |  | US$
Investee funds of Gopher Assets |  | 16,373 |  | 10,325 | ​ | 1,497
Investee funds of Gopher Capital GP Ltd. |  | 738 |  | 611 | ​ | 89
Total |  | 17,111 |  | 10,936 | ​ | 1,586
​ During the years ended December 31, 2020, 2021 and 2022, donation made to Shanghai Noah Charity Fund were RMB2.8 million, RMB3.5 million and RMB3.2 million, respectively. During the years ended December 31, 2020, 2021 and 2022, the Group paid RMB6.0 million, RMB9.2 million and RMB5.5 million as service fees to Dingnuo for development of an online mutual fund work station for the Group’s relationship managers and one-stop service platform for private equity fund managers, 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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