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Financial Assets Purchased Under Reverse Repurchase Agreements

12 Months Ended

Dec. 31, 2021

Financial assets purchased under reverse repurchase agreements

19	Financial assets purchased under reverse repurchase agreements

Classified by collateral:


	As of December 31,
	2020		2021
	RMB’000		RMB’000
Bonds (a)		700,007		5,527,177

(a)

The Group enter

into purchases of assets under reverse repurchase agreements and

has

not take

physical possession of assets purchased under such agreements. In the event of default by the counterparty to repurchase the assets, the Group has the right to the underlying assets. The difference between the purchasing price and reselling price is recognized as investment income over the term of the agreement using the effective interest method.