BEIJING, Nov. 2 (Xinhua) -- Noah Holdings Limited (NOAH: NYSE), the largest independent wealth management company in China, plans to raise 500 million U.S. dollars to invest in China's fund management companies, said Ma Huihong, joint chief investment officer of NOAH Holdings Hong Kong.
Ma said that global institutional investors are interested in investing in China's A-share market, but they lack reliable partners. Noah plans to introduce a new investment model by arranging equity investment to fund companies which invest in stocks in the mainland of China.
According to Ma, the company will raise 500 million U.S. dollars from global investors in the first quarter of next year and invest in fund management companies in early stage with a focus on A-share market. (Edited by Li Wenxin, Yang Qi, liwenxin@xinhua.org)
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