Strategy & Practice Management

China’s Noah rated investment-grade by S&P

Noah Holdings has become the first Chinese wealth management company to be rated investment-grade by S&P.

The rating reflects S&P’s belief that Noah will be able to maintain its market position, prudent risk management practices and limited financial liabilities in the next 12 to 24 months.

“S&P’s review further validated our pledge to only distribute and manage products with no guaranteed returns or undue leverage, which differentiates Noah from many of its peers,” said Kenny Lam, group president of Noah.

He added that he believes this news also supports the long-term development of the broader wealth management and asset management industries in China.