Noah Holdings Ltd. recently released a transcript of their First Quarter 2025 Earnings Conference Call, which took place on May 28, 2025. The call was attended by key company representatives including Co-Founder and Chairlady Jingbo Wang, Co-Founder, Director and CEO Zander Yin, and Chief Financial Officer Grant Pan. Analysts from major financial institutions such as UBS and JPMorgan also participated. During the call, Mr. Yin provided an overview of the company's business highlights and discussed the challenges and opportunities facing Noah, particularly with respect to high-net-worth clients receiving inquiries from the Tax Bureau. "Our wealth management, asset management, and family heritage business are all focused on providing solutions to protect our clients' wealth," said an unnamed manager. Mr. Yin also commented on the broader market conditions, noting an "increased likelihood of severe market volatility this year" due to factors such as "Trump's return to the presidency," which impacts global trade and geopolitics, as well as competition in AI applications. These insights were shared alongside an overview of Noah's overseas and domestic performance and strategic outlook for the rest of the year. The full transcript can be accessed through the link below.