XML 32 R17.htm IDEA: XBRL DOCUMENT
v3.22.1

Risk Assurance Liabilities | 12 Months Ended
--- | ---
Dec. 31, 2021
Guarantees and Product Warranties [Abstract] |
Risk Assurance Liabilities |
11. | RISK ASSURANCE LIABILITIES
The movement of risk assurance liabilities during the years ended December 31, 2020 and 2021 are as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Balance at the beginning of the year |  |  | 259,952,473 |  |  |  | 460,829,299 |  |  |  | 72,314,173 |
Fair value of risk assurance liabilities upon the inception of new loans |  |  | 348,921,174 |  |  |  | 443,831,604 |  |  |  | 69,646,863 |
Performed risk assurance liabilities |  |  | (150,312,528 | ) |  |  | (403,388,438 | ) |  |  | (63,300,448 | )
Net loss on risk assurance liabilities |  |  | 2,268,180 |  |  |  | 197,750,449 |  |  |  | 31,031,361 |
Balance at the end of the year |  |  | 460,829,299 |  |  |  | 699,022,914 |  |  |  | 109,691,949 |
The maximum potential undiscounted future payment which the Company would be required to make under its risk assurance obligation is RMB14,540,230,427 and RMB31,335,737,264 (US$4,917,260,971) as of December 31, 2020 and 2021, respectively. The Company changed provisions of risk assurance with certain financial institution in 2021. The term of the risk assurance obligation ranges from 12 months to 60 months, as of December 31, 2020 and 2021.

X
- References No definition available. + Details
Name: | us-gaap_GuaranteesAndProductWarrantiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
Name: | us-gaap_GuaranteesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration