One of China's largest wealth managers posts positive figures for the 2013 third quarter.

Noah Holdings, the Shanghai-headquartered wealth management firm that focuses on the China high net worth population, posted a 61 per cent rise in third quarter net revenues to $41.5 million, compared to the year-earlier period. 

Income from operations rose 83.5 per cent year-on-year to $17 million, with net income attributable to Noah shareholders increased 85.3 per cent to $14 million. As at 30 September 2013, the company lists 50,084 in total registered clients, up 32 per cent year-on-year.

The aggregate value of wealth management products distributed during the third quarter was RMB12 billion ($2 billion), representing a 63.1 per cent increase from the corresponding period in 2012. Of this aggregate value, fixed income products accounted for 75.6 per cent, private equity fund products 19.5 per cent, while others (mutual fund products, private securities investment funds and investment-linked insurance products) accounted for 4.9 per cent. 

The average transaction value per client in the period was RMB5.4 million, or around $900,000. This is up 17.1 per cent.

Noah Holdings is one of the largest wealth management firms in the country with around 500 relationship managers operating out of 56 branches.