China's wealthy are increasingly looking overseas for business investment opportunities [MSNBC.com]
Noah Holdings Limited American Depositary Shares (NOAH)
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Source: MSNBC.com
Key PointsInstead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. The company opened a new service center at Beijing Daxing International Airport on Aug. 27, 2024.BEIJING — China's wealthy are increasingly looking for ways to move capital outside the mainland to pursue business opportunities, rather than just chasing investment returns, according to asset managers and consultants."I'm studying Chinese as well, and I'm thinking to hire Chinese speakers in my company right now," he said, noting that slower growth in China and a weaker Japanese yen are supporting the increased interest.Investors based in mainland China increased their non-financial direct investments overseasby 16.2% to the equivalent of $83.55 billion "Obviously they are at least keeping their eyes open for opportunities for their businesses all over the world. Obviously there's slowd
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NOAH
News
- September 2024's US Stocks That Might Be Trading Below Estimated Value [Yahoo! Finance]Yahoo! Finance
- Noah Holdings Second Quarter 2024 Earnings: EPS: CN¥1.42 (vs CN¥4.54 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Noah Holdings Limited (NYSE:NOAH) Analysts Just Slashed This Year's Revenue Estimates By 14% [Yahoo! Finance]Yahoo! Finance
- China's wealthy are increasingly looking overseas for business investment opportunities [CNBC]CNBC
- Noah Holdings: Q2 Results Miss And New Buyback Plan Draw Attention [Seeking Alpha]Seeking Alpha
NOAH
Sec Filings
- 9/10/24 - Form 6-K
- 9/4/24 - Form 6-K
- 8/29/24 - Form 6-K
- NOAH's page on the SEC website