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Exhibit 8.1

List of Significant Consolidated Entities of Noah Holdings Limited*

Percentage

Place of

of

  ​ ​ ​

Date of Incorporation

  ​ ​ ​

Incorporation

  ​ ​ ​

Ownership

Noah Upright Fund Distribution Co., Ltd.

November 18, 2003

PRC

100%

Shanghai Noah Investment (Group) Co., Ltd.

August 24, 2007

PRC

100%

Glory Insurance (Hong Kong) Limited (formerly known as “Noah Insurance
(Hong Kong) Limited”)

January 3, 2011

Hong Kong

100%

Ark Group Holdings (Hong Kong)
Limited (formerly known as “Noah Holdings (Hong Kong) Limited”)

September 1, 2011

Hong Kong

100%

Gopher Capital GP Limited

May 11, 2012

Cayman Islands

100%

Wuhu Fangtiao Technology Co., Ltd.

November 28, 2019

PRC

100%

Shanghai Nuohong Real Estate Co., Ltd.

May 30, 2013

PRC

100%

Ark Group International (Hong Kong) Limited (formerly known as “Noah International (Hong Kong) Limited”)

January 7, 2015

Hong Kong

100%

Gopher Asset Management Co., Ltd.

February 9, 2012

PRC

Controlled
under the
Contractual
Arrangement

Shanghai Gopher Massa Asset Management Co., Ltd.

June 29, 2015

PRC

Controlled
under the
Contractual
Arrangement

*

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.