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Exhibit 8.1
List of Significant Subsidiaries and Consolidated Entities
Subsidiaries |
| Place of Incorporation |
1.Shanghai Juxiang Investment Management Consulting Co., Ltd. |
| PRC |
2.Baoyi Investment Consulting (Shanghai) Co., Ltd. |
| PRC |
3. Jupai HongKong Investment Limited |
| Hong Kong |
Consolidated Entities |
| Place of Incorporation |
1.Juzhou Asset Management (Shanghai) Co., Ltd. |
| PRC |
2.Shanghai Jupeng Asset Management Co., Ltd. |
| PRC |
3.Shanghai Yidezhen Equity Investment Center |
| PRC |
* Other subsidiaries and consolidated entities of Jupai Holdings Limited have been omitted from this list since, considered in the aggregate as a single entity, they would not constitute a significant subsidiary.