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    Nanxin Peter Zhao

    Research Analyst at JPMorgan Chase & Co.

    Nanxin Peter Zhao is an analyst at JPMorgan Chase & Co., specializing in financial research and equity analysis. His work focuses on providing actionable insights within the finance sector, leveraging strong analytical skills to support investment decisions; however, details on the specific companies he covers, quantitative performance metrics, or major career milestones are not publicly available. While his current role at JPMorgan is confirmed, information about his past employers, exact career timeline, professional credentials, or industry rankings is not disclosed in accessible sources. As such, further details on his analyst rankings, securities licenses, or notable industry achievements remain unclear.

    Nanxin Peter Zhao's questions to NOAH HOLDINGS (NOAH) leadership

    Nanxin Peter Zhao's questions to NOAH HOLDINGS (NOAH) leadership • Q2 2025

    Question

    Nanxin Peter Zhao of JPMorgan Chase & Co. asked about Q3 operating trends, specifically regarding investment sentiment and transaction volume quarter-to-date versus Q2. He also sought an update on the overseas expansion into the U.S., Canada, and Japan, questioning the progress, timeline for revenue contribution, and the expected impact on operating expenses.

    Answer

    Senior IR Director Doreen Chew confirmed strong client interest in Q3, driven by market conditions, but stressed the company's focus remains on long-term returns. Regarding global expansion, she noted the next phase is brand building to serve Chinese clients globally via its booking centers. CFO Qing Pan added that the company's cost structure is stable, and while expansion may cause short-term spikes, the annual operating margin is expected to remain in a similar range.

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