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Exhibit 8.1

List of Significant Consolidated Entities of Noah Holdings Limited*

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Percentage

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Place of

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of

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  ​ ​ ​

Date of Incorporation

  ​ ​ ​

Incorporation

  ​ ​ ​

Ownership

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Noah Upright Fund Distribution Co., Ltd.

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November 18, 2003

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PRC

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100%

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Shanghai Noah Investment (Group) Co., Ltd.

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August 24, 2007

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PRC

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100%

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

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January 3, 2011

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Hong Kong

​

100%

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

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September 1, 2011

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Hong Kong

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100%

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Gopher Capital GP Limited

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May 11, 2012

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Cayman Islands

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100%

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Wuhu Fangtiao Technology Co., Ltd.

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November 28, 2019

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PRC

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100%

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Shanghai Nuohong Real Estate Co., Ltd.

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May 30, 2013

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PRC

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100%

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

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January 7, 2015

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Hong Kong

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100%

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Gopher Asset Management Co., Ltd.

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February 9, 2012

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PRC

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Controlled
under the
Contractual
Arrangement

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Shanghai Gopher Massa Asset Management Co., Ltd.

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June 29, 2015

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PRC

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Controlled
under the
Contractual
Arrangement

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*

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.