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Loans To Customers (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure Of Loans to Customers [Abstract] |
Summary of Loans to Customers |
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
| RMB’000 |  |  | RMB’000 |
Loans originated by consolidated trust plans |  |  | 112,253,099 |  |  |  | 202,175,185 |
Loans originated by microloan lending companies and consumer finance company |  |  | 6,240,803 |  |  |  | 12,587,586 |
Interest receivable |  |  | 2,321,117 |  |  |  | 2,963,210 |
Less: Provision for impairment losses |  |  |  |  |  |  |  |
Stage 1 |  |  | (480,854 | ) |  |  | (1,860,245 | )
Stage 2 |  |  | (195,339 | ) |  |  | (312,280 | )
Stage 3 |  |  | (313,012 | ) |  |  | (581,346 | )
|  |  | (989,205 | ) |  |  | (2,753,871 | )
|  |  | 119,825,814 |  |  |  | 214,972,110 |
Summary of Movement in Loans to Customers |
(d) | The following table sets forth the movement of gross carrying amount of loans to customers for the year ended December 31, 2019:
|  | Year ended December 31, 2019 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2019 |  |  | 33,787,721 |  |  |  | 439,915 |  |  |  | 1,793,904 |  |  |  | 36,021,540 |
New loans originated |  |  | 53,015,937 |  |  |  | — |  |  |  | — |  |  |  | 53,015,937 |
Transfer s |  |  | (1,207,945 | ) |  |  | 116,102 |  |  |  | 1,091,843 |  |  |  | — |
— From stage 1 to stage 2 |  |  | (274,558 | ) |  |  | 274,558 |  |  |  | — |  |  |  | — |
— From stage 1 to stage 3 |  |  | (935,301 | ) |  |  | — |  |  |  | 935,301 |  |  |  | — |
— From stage 2 to stage 1 |  |  | 1,914 |  |  |  | (1,914 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (157,987 | ) |  |  | 157,987 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 1,445 |  |  |  | (1,445 | ) |  |  | — |
Loans de-recognized and other adjustments in the current period (including repayments of loans) |  |  | (38,543,538 | ) |  |  | (231,577 | ) |  |  | (1,233,244 | ) |  |  | (40,008,359 | )
Write-offs |  |  | — |  |  |  | — |  |  |  | (279,292 | ) |  |  | (279,292 | )
As of December 31, 2019 |  |  | 47,052,175 |  |  |  | 324,440 |  |  |  | 1,373,211 |  |  |  | 48,749,826 |
(e) | The following table sets forth the movement of ECL allowance for the year ended December 31, 2019:
|  | Year ended December 31, 2019 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2019 |  |  | 318,987 |  |  |  | 111,091 |  |  |  | 1,163,768 |  |  |  | 1,593,846 |
New loans originated |  |  | 14,948 |  |  |  | — |  |  |  | — |  |  |  | 14,948 |
Transfer s |  |  | (19,116 | ) |  |  | (9,368 | ) |  |  | 803,752 |  |  |  | 775,268 |
— From stage 1 to stage 2 |  |  | (4,815 | ) |  |  | 4,815 |  |  |  | — |  |  |  | — |
— From stage 1 to stage 3 |  |  | (14,663 | ) |  |  | — |  |  |  | 14,663 |  |  |  | — |
— From stage 2 to stage 1 |  |  | 1,347 |  |  |  | (1,347 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (54,270 | ) |  |  | 54,270 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 1,210 |  |  |  | (1,210 | ) |  |  | — |
Net impact on expected credit loss by stage transfers |  |  | (985 | ) |  |  | 40,224 |  |  |  | 736,029 |  |  |  | 775,268 |
Loans de-recognized and other adjustments in the current period (including repayments of loans) |  |  | (214,897 | ) |  |  | (28,844 | ) |  |  | (679,038 | ) |  |  | (922,779 | )
Change in parameters of expected credit loss model |  |  | 36,474 |  |  |  | (19,621 | ) |  |  | 52,470 |  |  |  | 69,323 |
Write-offs |  |  | — |  |  |  | — |  |  |  | (279,292 | ) |  |  | (279,292 | )
As of December 31, 2019 |  |  | 136,396 |  |  |  | 53,258 |  |  |  | 1,061,660 |  |  |  | 1,251,314 |
Loans to customers amounting to RMB279 million were written off in 2019 and were still subject to enforcement activity.
(f) | The following table sets forth the movement of gross carrying amount of loans to customers for the year ended December 31, 2020:
|  | Year ended December 31, 2020 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2020 |  |  | 47,052,175 |  |  |  | 324,440 |  |  |  | 1,373,211 |  |  |  | 48,749,826 |
New loans originated |  |  | 141,924,691 |  |  |  | — |  |  |  | — |  |  |  | 141,924,691 |
Transfer s |  |  | (2,124,274 | ) |  |  | 1,713,887 |  |  |  | 410,387 |  |  |  | — |
— From stage 1 to stage 2 |  |  | (1,806,096 | ) |  |  | 1,806,096 |  |  |  | — |  |  |  | — |
— From stage 1 to stage 3 |  |  | (324,045 | ) |  |  | — |  |  |  | 324,045 |  |  |  | — |
— From stage 2 to stage 1 |  |  | 5,867 |  |  |  | (5,867 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (98,355 | ) |  |  | 98,355 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 12,013 |  |  |  | (12,013 | ) |  |  | — |
Loans de-recognized and other adjustments in the current period (including repayments of loans) |  |  | (67,284,010 | ) |  |  | (1,198,510 | ) |  |  | (195,666 | ) |  |  | (68,678,186 | )
Write-offs |  |  | — |  |  |  | — |  |  |  | (1,181,312 | ) |  |  | (1,181,312 | )
As of December 31, 2020 |  |  | 119,568,582 |  |  |  | 839,817 |  |  |  | 406,620 |  |  |  | 120,815,019 |
(g) | The following table sets forth the movement of ECL allowance for the year ended December 31, 2020:
|  | Year ended December 31, 2020 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2020 |  |  | 136,396 |  |  |  | 53,258 |  |  |  | 1,061,660 |  |  |  | 1,251,314 |
New loans originated |  |  | 373,266 |  |  |  | — |  |  |  | — |  |  |  | 373,266 |
Transfer s |  |  | (107,551 | ) |  |  | 213,807 |  |  |  | 378,215 |  |  |  | 484,471 |
— From stage 1 to stage 2 |  |  | (101,324 | ) |  |  | 101,324 |  |  |  | — |  |  |  | — |
— From stage 1 to stage 3 |  |  | (7,322 | ) |  |  | — |  |  |  | 7,322 |  |  |  | — |
— From stage 2 to stage 1 |  |  | 4,161 |  |  |  | (4,161 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (49,632 | ) |  |  | 49,632 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 1,344 |  |  |  | (1,344 | ) |  |  | — |
Net impact on expected credit loss by stage transfer s |  |  | (3,066 | ) |  |  | 164,932 |  |  |  | 322,605 |  |  |  | 484,471 |
Loans de-recognized and other adjustments in the current period (including repayment s of loans) |  |  | (203,494 | ) |  |  | (89,632 | ) |  |  | (119,197 | ) |  |  | (412,323 | )
Change in parameters of expected credit loss model |  |  | 282,237 |  |  |  | 17,906 |  |  |  | (664 | ) |  |  | 299,479 |
Write-offs |  |  | — |  |  |  | — |  |  |  | (1,181,312 | ) |  |  | (1,181,312 | )
Recovery of loans written off previously |  |  | — |  |  |  | — |  |  |  | 174,310 |  |  |  | 174,310 |
As of December 31, 2020 |  |  | 480,854 |  |  |  | 195,339 |  |  |  | 313,012 |  |  |  | 989,205 |
L oans to customers amounting to RMB1,181 million were written off in 2020 and were still subject to enforcement activity.
(h) | The following table sets forth the movement of gross carrying amount of loans to customers for the year ended December 31, 2021:
|  | Year ended December 31, 2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2021 |  |  | 119,568,582 |  |  |  | 839,817 |  |  |  | 406,620 |  |  |  | 120,815,019 |
New loans originated |  |  | 234,198,681 |  |  |  | — |  |  |  | — |  |  |  | 234,198,681 |
Transfer s |  |  | (5,530,212 | ) |  |  | 4,439,585 |  |  |  | 1,090,627 |  |  |  | — |
— From stage 1 to stage 2 |  |  | (5,579,855 | ) |  |  | 5,579,855 |  |  |  | — |  |  |  | — |
— From stage 2 to stage 1 |  |  | 49,643 |  |  |  | (49,643 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (1,091,109 | ) |  |  | 1,091,109 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 482 |  |  |  | (482 | ) |  |  | — |
Loans de-recognized and other adjustments in the current period (including repayments of loans) |  |  | (132,711,645 | ) |  |  | (3,703,157 | ) |  |  | (25,534 | ) |  |  | (136,440,336 | )
Write-offs |  |  | — |  |  |  | — |  |  |  | (847,383 | ) |  |  | (847,383 | )
As of December 31, 2021 |  |  | 215,525,406 |  |  |  | 1,576,245 |  |  |  | 624,330 |  |  |  | 217,725,981 |
(i) | The following table sets forth the movement of ECL allowance for the year ended December 31, 2021:
|  | Year ended December 31, 2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2021 |  |  | 480,854 |  |  |  | 195,339 |  |  |  | 313,012 |  |  |  | 989,205 |
New loans originated |  |  | 1,346,940 |  |  |  | — |  |  |  | — |  |  |  | 1,346,940 |
Transfer s |  |  | (1,104,156 | ) |  |  | 454,235 |  |  |  | 1,045,357 |  |  |  | 395,436 |
— From stage 1 to stage 2 |  |  | (1,109,405 | ) |  |  | 1,109,405 |  |  |  | — |  |  |  | — |
— From stage 2 to stage 1 |  |  | 16,509 |  |  |  | (16,509 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (1,000,215 | ) |  |  | 1,000,215 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 458 |  |  |  | (458 | ) |  |  | — |
Net impact on expected credit loss by stage transfers |  |  | (11,260 | ) |  |  | 361,096 |  |  |  | 45,600 |  |  |  | 395,436 |
Loans de-recognized and other adjustments in the current period (including repayments of loans) |  |  | (622,468 | ) |  |  | (470,524 | ) |  |  | (124,794 | ) |  |  | (1,217,786 | )
Change in parameters of expected credit loss model |  |  | 1,759,075 |  |  |  | 133,230 |  |  |  | 24,216 |  |  |  | 1,916,521 |
Write-offs |  |  | — |  |  |  | — |  |  |  | (847,383 | ) |  |  | (847,383 | )
Recovery of loans written off previously |  |  | — |  |  |  | — |  |  |  | 170,938 |  |  |  | 170,938 |
As of December 31, 2021 |  |  | 1,860,245 |  |  |  | 312,280 |  |  |  | 581,346 |  |  |  | 2,753,871 |
As of December 31, 2021, loans to customers amounting to RMB847 million were written off in 2021 and were still subject to enforcement activity.

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