The China fintech firm and US asset manager have set up an investment advisory joint-venture targeted at the China retail market.
Mark Woodward has joined St James Place Partnership in Shanghai to provide wealth management services to affluent and high net worth expatriates in China.
Jupai and Noah, the two US-listed Chinese independent wealth managers, reported net profit gain over 35% and 20% respectively.
China’s private banking industry is struggling with growing pains, according to speakers at Monday’s Hong Kong Finance Forum.
After listing on the NYSE last year, Jupai Holdings has plans to open a Hong Kong office and add centres on the mainland.