Exhibit 8.1

List of Subsidiaries of Noah Holdings Limited

Name	Jurisdiction of Incorporation	Affiliate Relationship with the Registrant
Shanghai Noah Rongyao Investment Consulting Co., Ltd.	China	Wholly-owned subsidiary
Tianjin Noah Wealth Management Consulting Co., Ltd.	China	Wholly-owned subsidiary
Shanghai Noah Yuanzheng Investment Consulting Co., Ltd.	China	Wholly-owned subsidiary
Tianjin Gefei Asset Management Co., Ltd.	China	Wholly-owned subsidiary
Noah Private Wealth Management (Hong Kong) Limited	Hong Kong	Wholly-owned subsidiary
Shanghai Rongyao Information Technology Co., Ltd.	China	Wholly-owned subsidiary
Shanghai Noah Investment Management Co., Ltd.	China	Variable interest entity
Shanghai Noah Rongyao Insurance Broker Co., Ltd.	China	Variable interest entity
Shanghai Noah Investment Consulting Co., Ltd.	China	Variable interest entity