Q2 2020 Noah Holdings Ltd Earnings Call Transcript

Feb 11, 2024

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Aug 25, 2020 / 12:00AM GMT
Operator

Welcome to the Noah Holdings Limited Second Quarter 2020 Earnings Conference Call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the conference over to Chair lady Wang. Please go ahead.

Jingbo Wang - Noah Holdings Limited - Co-Founder, Chairwoman & CEO

Thank you, operator. (foreign language)

Unidentified Company Representative -

[Interpreted] Regarding the teleconference agenda today, I will start with my viewpoint on macro level. Then summarize Noah's overall performance in the second quarter of 2020, the developments of major business segments as well as assessments we hope to reach with our clients on the Camsing incident. Then Grant will present financial results of the second quarter. This call will be concluded after a Q&A in the end.

The wealth management industry has been experiencing underlying transformation in China, which has been accelerated by the COVID-19 epidemic. In my view, 2020 is the critical year for the transformation of Noah.

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