Noah Says Exposure to SVB ‘Immaterial’ to Business Operations

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US-listed Chinese wealth management firm Noah Holdings Ltd. said its exposure to any liquidity concern as a result of Silicon Valley Bank’s collapse is “immaterial” to business operations, joining a slew of companies seeking to reassure investors.

Noah currently has cash and cash equivalents of less than $1 million with SVB, representing less than 0.2% of the total volume, and has taken the necessary steps to minimize the potential impact of SVB’s receivership on funds, the company said in a filing to the Hong Kong exchange on Sunday.

SVB became the biggest US lender to fail in more than …

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