Noah Sees 20% Jump in Rich Chinese Demand for Foreign Assets

  • Firm plans to start insurance agent business in Singapore
  • Noah aims to expand Hong Kong and U.S. teams in 3-5 years

Noah Holdings Ltd. a Shanghai-based fund manager boasting branches in 68 Chinese cities, said wealthy domestic investors’ demand for overseas assets may grow as much as 20 percent next year as they diversify from a weakening yuan.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.