Exhibit 8.1

List of Significant Consolidated Entities of Noah Holdings Limited*

Name	Date of Incorporation		Place of Incorporation	Percentage of Ownership
Shanghai Noah Investment (Group) Co., Ltd (formerly known as Shanghai Noah Rongyao Investment Consulting Co., Ltd)		August 24, 2007	PRC		100	%
Noah Upright (Shanghai) Fund Investment Consulting Co., Ltd.		September 29, 2007	PRC		100	%
Shanghai Noah Financial Services Corp.		April 18, 2008	PRC		100	%
Noah Insurance (Hong Kong) Limited		January 3, 2011	Hong Kong		100	%
Kunshan Noah Xingguang Investment Management Co., Ltd.		August 12, 2011	PRC		100	%
Noah Holdings (Hong Kong) Limited		September 1, 2011	Hong Kong		100	%
Shanghai Rongyao Information Technology Co., Ltd.		March 2, 2012	PRC		100	%
Zigong Noah Financial Service Co., Ltd.		October 22, 2012	PRC		100	%
Noah Rongyitong (Wuhu) Microfinance Co., Ltd.		August 13, 2013	PRC		100	%
Shanghai Noah Yijie Finance Technology Co., Ltd		March 17, 2014	PRC		54.93	%
Noah Commercial Factoring Co., Ltd.		April 1, 2014	PRC		95	%
Noah (Shanghai) Financial Leasing Co., Ltd		December 20, 2014	PRC		100	%
Noah International (Hong Kong) Limited		January 7, 2015	Hong Kong		100	%
Kunshan Noah Rongyao Investment Management Co., Ltd.		December 2, 2015	PRC		100	%
Shanghai Noah Chuangying Enterprise Management Co., Ltd.		December 14, 2015	PRC		100	%
Gopher International Investment Management (Shanghai) Limited		November 14, 2016	PRC		100	%
Shanghai Noah Investment Management Co., Ltd.		August 26, 2005	PRC		100	%
Gopher Asset Management Co., Ltd.		February 9, 2012	PRC		100	%
Wuhu Gopher Asset Management Co., Ltd.		October 10, 2012	PRC		100	%
Gopher Nuobao (Shanghai) Asset Management Co., Ltd.		April 10, 2013	PRC		100	%