Q3 2020 Noah Holdings Ltd Earnings Call Transcript
Good day, and welcome to the Noah Holdings Limited Third Quarter 2020 Earnings Conference Call. (Operator Instructions) Please note that this event is being recorded.
I would now like to turn the conference over to Jingbo Wang. Please go ahead, sir.
(foreign language)
[Interpreted]
2020 is a new beginning. After 30 years of development, Shanghai has developed into an international financial center, specializes in renminbi-oriented asset allocation. Currently, more than 50% of the renminbi assets held by overseas market entities are here, making the city an open renminbi asset allocation center. This year, 2020 also marks Noah's 15th year of inception and Noah Holdings 10th listing anniversary on the New York Stock Exchange.
Noah was founded in Shanghai. We're still headquartered here. We're grateful for this great city's development and its support for us as a firm. It has been 5 quarters
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