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RELATED PARTY BALANCES AND TRANSACTIONS | 6 Months Ended | 9 Months Ended
--- | --- | ---
Jun. 30, 2022 | Sep. 30, 2022
RELATED PARTY BALANCES AND TRANSACTIONS |  |
RELATED PARTY BALANCES AND TRANSACTIONS | 27. RELATED PARTY BALANCES AND TRANSACTIONS The table below sets forth major related parties of the Group and their relationships with the Group: ​
​ | ​ | ​
Name of Entity or individual |  | Relationship with the Group
​ | ​ | ​
Mr. Leaf Hua Li and his spouse | ​ | Principal shareholder and member of his immediate families
Tencent Holdings Limited and its subsidiaries(“Tencent Group”) | ​ | Principal shareholder
Individual directors and officers and their spouses | ​ | Directors or officers of the Group and members of their immediate families
​ (a) Cash and cash equivalent ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31, | ​ | As of June 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Cash and cash equivalent | ​ | 372 |  | 355
​ The balance represents the cash deposited by the Group in various payment channels of Tencent Group for funding marketing campaigns, of which could be withdrawn on demand. (b) Amounts Due to Related Parties ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31, | ​ | As of June 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Payables to Tencent Group in relation to ESOP management services | ​ | 1,307 | ​ | 264
Payables in relation to cloud equipment and services from Tencent Group | ​ | 85,887 |  | 63,945
SMS channel services from Tencent Group | ​ | 265 |  | 230
​ | ​ | 87,459 |  | 64,439
​ 27. RELATED PARTY BALANCES AND TRANSACTIONS (Continued) (c) Transactions with Related Parties ​
​ | ​ | ​ | ​ | ​
​ |  | Six months ended June 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
​ | ​ | ​ | ​ | ​
Equipment purchased | ​ | 1,208 | ​ | —
Softwares purchased | ​ | — | ​ | 1,553
Cloud service fee | ​ | 46,029 |  | 92,149
SMS channel service fee | ​ | 549 |  | 544
ESOP management service income | ​ | 310 |  | 345
Other services | ​ | — |  | 314
​ | ​ | 48,096 | ​ | 94,905
​ The Group utilizes the cloud services, equipment and software provided by Tencent Group to process large amount of complicated data in-house, which reduces the risks involved in data storage and transmission. SMS channel services is provided by Tencent Group, including verification code, notification and marketing message services for the Group to reach its end users. Tencent Group provides advertising services to the Group via Tencent Group’s social media. The Group also earns revenue from Tencent Group by providing ESOP management service. (d) Trade related transactions with Related Parties Included in payables to clients in the consolidated balance sheets as of December 31, 2021 and June 30, 2022, were payables to directors and officers of HK$44,480 thousand and HK$47,882 thousand, respectively. Revenue earned by providing brokerage services and margin loans to directors and officers and their spouses amounts to HK$952 thousand and HK$394 thousand for the six months ended June 30, 2021 and 2022, respectively. | 27. RELATED PARTY BALANCES AND TRANSACTIONS The table below sets forth major related parties of the Group and their relationships with the Group: ​
​ | ​ | ​
Name of Entity or individual |  | Relationship with the Group
​ | ​ | ​
Mr. Leaf Hua Li and his spouse | ​ | Principal shareholder and member of his immediate families
Tencent Holdings Limited and its subsidiaries(“Tencent Group”) | ​ | Principal shareholder
Individual directors and officers and their spouses | ​ | Directors or officers of the Group and members of their immediate families
​ (a) Cash and cash equivalent ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31, | ​ | As of September 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Cash and cash equivalent | ​ | 372 |  | 346
​ The balance represents the cash deposited by the Group in various payment channels of Tencent Group for funding marketing campaigns, of which could be withdrawn on demand. (b) Amounts Due to Related Parties ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31, | ​ | As of September 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Payables to Tencent Group in relation to ESOP management services | ​ | 1,307 | ​ | 313
Payables in relation to cloud equipment and services from Tencent Group | ​ | 85,887 |  | 53,080
SMS channel services from Tencent Group | ​ | 265 |  | 209
Total | ​ | 87,459 |  | 53,602
​ 27. RELATED PARTY BALANCES AND TRANSACTIONS (Continued) (c) Transactions with Related Parties ​
​ | ​ | ​ | ​ | ​
​ |  | Nine months ended September 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Cloud service fee | ​ | 75,575 | ​ | 132,952
Softwares purchased | ​ | 1,524 |  | 1,468
SMS channel service fee | ​ | 905 |  | 823
ESOP management service income | ​ | 475 |  | 510
Other services | ​ | 108 | ​ | 309
Equipment purchased | ​ | 6,529 |  | —
Total | ​ | 85,116 | ​ | 136,062
​ The Group utilizes the cloud services, equipment and software provided by Tencent Group to process large amount of complicated data in-house, which reduces the risks involved in data storage and transmission. SMS channel services is provided by Tencent Group, including verification code, notification and marketing message services for the Group to reach its end users. Tencent Group provides advertising services to the Group via Tencent Group’s social media. The Group also earns revenue from Tencent Group by providing ESOP management service. (d) Trade related transactions with Related Parties Included in payables to clients in the consolidated balance sheets as of December 31, 2021 and September 30, 2022, were payables to directors and officers of HK$44,480 thousand and HK$29,322 thousand, respectively. Revenue earned by providing brokerage services and margin loans to directors and officers and their spouses amounts to HK$1,255 thousand and HK$528 thousand for the nine months ended September 30, 2021 and 2022, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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