Exhibit 8.1

List of Significant Subsidiaries and Consolidated Entities

Subsidiaries	Place of Incorporation
Shanghai Juxiang Investment Management Consulting Co., Ltd.	PRC
Baoyi Investment Consulting (Shanghai) Co., Ltd.	PRC
Jupai HongKong Investment Limited	Hong Kong
Jupai Investment International Limited	BVI
Scepter Holdings Limited	Hong Kong
Scepter Pacific Limited	BVI
Jucheng Insurance Broker Limited	Hong Kong
Non-liner Investment Management Limited	BVI
Jupai Investment Limited	BVI

Consolidated Entities	Place of Incorporation
Juzhou Asset Management (Shanghai) Co., Ltd.	PRC
Shanghai Yidezhen Investment Management Center (Limited Partnership)	PRC
Shanghai Jupai Yumao Fund Sales Co., Ltd.	PRC
Shanghai Yidexin Equity Investment Management Co., Ltd.	PRC
Shanghai Jupai Yongyu Insurance Brokers Co., Ltd.	PRC
Shanghai Jupeng Asset Management Co., Ltd.	PRC
Shanghai Yubo Investment Management Co., Ltd.	PRC
Shanghai Yidezeng Equity Investment Management Center (LP)	PRC
Shanghai Yiju Asset Management Co., Ltd.	PRC
Hangzhou Yideshanzhen Investment Management Partnership (LP)	PRC
Shanghai Jupai Investment Group Co., Ltd.	PRC
Shanghai E-Cheng Asset Management Co., Ltd.	PRC
Shanghai Yedu Enterprise Management Co., Ltd.	PRC