Long-Term Time Deposits and Held-to-Maturity Investments

12 Months Ended

Dec. 31, 2023

Long-Term Time Deposits and Held-to-Maturity Investments

5.	LONG-TERM TIME DEPOSITS AND HELD-TO-MATURITY INVESTMENTS

Long-term time deposits and

held-to-maturity

securities were mainly deposits in commercial banks with maturities of greater than one year and wealth management products issued by commercial banks and other financial institutions for which the Group has the positive intent and ability to hold those securities to maturity with maturities of greater than one year.

During the years ended December 31, 2021, 2022 and 2023, the Group recorded interest income from its long-term

held-to-maturity

investments of RMB326 million, RMB585 million and RMB1.3 billion (US$177 million) in the consolidated statements of comprehensive income, respectively.

Long-term time deposits and

held-to-maturity

investments classification as of December 31, 2022 and 2023 were shown as below:

As of December 31, 2022

Cost or
Amortized
cost

Gross

unrecognized
holding gains

Gross
unrecognized
holding
losses

Fair
value

RMB

(In millions)

Long-term time deposits and

held-to-maturity

investments

23,629

170

(111

)

23,688

As of December 31, 2023

Cost or
Amortized
cost

Gross

unrecognized
holding gains

Gross
unrecognized
holding
losses

Fair value

RMB

US$

(In millions)

Long-term time deposits and

held-to-maturity

investments

24,666

261

(55)

24,872

3,503

The following table summarizes the amortized cost of

long-term

time deposits and

held-to-maturity

investments with stated contractual dates, classified by the contractual maturity date of the investments:


	As of December 31,
	2022		2023		2023
	RMB		RMB		US$
	(In millions)
Due in 1 year through 2 years		11,089		22,303		3,141
Due in 2 years through 3 years		12,240		2,063		291
Due in 3 years through 5 years		300		300		42

Total		23,629		24,666		3,474