Exhibit 8.1

List of Significant Consolidated Entities of Noah Holdings Limited*

Name	Jurisdiction of Incorporation	Relationship
Noah Private Wealth Management (Hong Kong) Limited	Hong Kong	Wholly-owned subsidiary
Noah Holdings (Hong Kong) Limited	Hong Kong	Wholly-owned subsidiary
Shanghai Noah Financial Services Co., Ltd.(1)	China	Wholly-owned subsidiary
Shanghai Rongyao Information Technology Co., Ltd.	China	Wholly-owned subsidiary
Kunshan Noah Xingguang Investment Management Co., Ltd.	China	Wholly-owned subsidiary
Shanghai Noah Investment Management Co., Ltd.	China	Variable interest entity
Shanghai Noah Rongyao Insurance Brokerage Co., Ltd.	China	Variable interest entity’s subsidiary
Noah Upright (Shanghai) Fund Investment Consulting Co., Ltd.(2)	China	Variable interest entity’s subsidiary
Tianjin Gefei Asset Management Co., Ltd.	China	Variable interest entity’s subsidiary
Gefei Asset Management Co., Ltd.	China	Variable interest entity’s subsidiary
Wuhu Gefei Asset Management Co., Ltd.	China	Variable interest entity’s subsidiary

* Other consolidated entities of Noah Holdings Limited have been omitted from this list since, considered in the aggregate as a single entity, they would not constitute a significant subsidiary.

(1) Formerly known as Shanghai Noah Yuanzheng Investment Consulting Co., Ltd., which name change occurred on August 7, 2012.

(2) Formerly known as Shanghai Noah Investment Consulting Co., Ltd., which name change occurred on February 27, 2012.