United States securities and exchange commission logo August 21, 2023 Jingbo Wang Chief Executive Officer Noah Holdings Ltd Building 2, Changyang Valley, 1687 Changyang Road, Shanghai 200090, People s Republic of China Re: Noah Holdings Ltd Form 20-F for the Fiscal Year Ended December 31, 2022 File No. 001-34936 Dear Jingbo Wang: We have completed our review of your filing. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Sincerely, Division of Corporation Finance Disclosure Review Program cc: Steve Lin