Noah Holdings Limited (NYSE:NOAH) Q2 2023 Earnings Call Transcript

Grant Pan: So also in the past, insurance distribution probably is very helpful supplement in total solution to our clients. But mostly in the past, it’s either product-driven or campaign-driven like, which you have mentioned 3.5% domestic insurance. But we have been building — putting together a lot of infrastructure and platform around insurance as a total solution to our clients, and also diversify the client types from purely individual base, to probably more enterprise base, and we’ll continue to build that into one of our primary solution to our clients. And I guess the way we actually conduct insurance business, is a little different from purely agency-based insurance type of institutions, as we do put insurance product strategy as part of the total solution to our clients.

Operator: As we have no further questions, this concludes the question-and-answer session, and the conference has also now concluded. Thank you for attending today’s presentation. You may all now disconnect.

Grant Pan: Thank you all for listening.