Noah Holdings, the Chinese wealth manager, is poised to expand its private investment fund scope following the registrations of its three key entities with the AMAC.

Chinese wealth manager Noah Holdings has announced that three of its entities have completed their registrations with the Asset Management Association of China, with each receiving a private investment fund manager certificate.

The three entities are Gopher Asset Management, Tianjin Gopher Asset Management and Gopher Nobel (Shanghai) Asset Management.

Such listing allows these firms to independently conduct private security investment businesses without having to involve third parties. PRC laws require that independent fund managers complete the registration with the AMAC before they can launch private securities investment funds. 

Noah operates its asset management platform through these three entities to provide asset allocation and management services to high net worth individuals, families and institutional clients. As at 31 December 2013, the total accumulated assets under management as at RMB31 billion (approx $5 billion).