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Financing Guarantee Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Text block [abstract]

Summary of Movement of gross carrying amount of financing guarantee contracts

(a) The following table sets forth the movement of gross carrying amount of financing guarantee contracts 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			4,504,919				82,507				—				4,587,426
New guarantee contracts originated			3,603,295				—				—				3,603,295
Transfers			(83,434	)			83,434				—				—
— From stage 1 to stage 2			(83,557	)			83,557				—				—
— From stage 2 to stage 1			123				(123	)			—				—
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments)			(3,424,499	)			(126,891	)			—				(3,551,390	)
As of December 31, 2019			4,600,281				39,050				—				4,639,331

(b) The following table sets forth the movement of ECL allowance of financing guarantee contracts 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			204,452				69,464				—				273,916
New guarantee contracts originated			159,214				—				—				159,214
Transfers			(48,995	)			65,916				—				16,921
— From stage 1 to stage 2			(49,020	)			49,020				—				—
— From stage 2 to stage 1			101				(101	)			—				—
Net impact on expected credit loss by stage transfers			(76	)			16,997				—				16,921
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments)			(125,219	)			(104,539	)			—				(229,758	)
Change in parameters of expected credit loss model			22,461				(5	)			—				22,456
As of December 31, 2019			211,913				30,836				—				242,749

(c) The following table sets forth the movement of gross carrying amount of financing guarantee contracts 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			4,600,281				39,050				—				4,639,331
New guarantee contracts originated			23,031,641				—				—				23,031,641
Transfers			(373,494	)			373,494				—				—
— From stage 1 to stage 2			(392,721	)			392,721				—				—
— From stage 2 to stage 1			19,227				(19,227	)			—				—
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments)			(6,359,929	)			(342,017	)			—				(6,701,946	)
As of December 31, 2020			20,898,499				70,527				—				20,969,026

(d) The following table sets forth the movement of ECL allowance of financing guarantee contracts 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			211,913				30,836				—				242,749
New guarantee contracts originated			344,770				—				—				344,770
Transfers			(228,744	)			294,153				—				65,409
— From stage 1 to stage 2			(233,701	)			233,701				—				—
— From stage 2 to stage 1			14,823				(14,823	)			—				—
Net impact on expected credit loss by stage transfers			(9,866	)			75,275				—				65,409
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments)			(217,235	)			(272,243	)			—				(489,478	)
Change in parameters of expected credit loss model			577,376				7,848				—				585,224
As of December 31, 2020			688,080				60,594				—				748,674

(e) The following table sets forth the movement of gross carrying amount of financing guarantee contracts 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			20,898,499				70,527				—				20,969,026
New guarantee contracts originated			71,968,587				—				—				71,968,587
Transfers			(1,261,287	)			1,261,287				—				—
— From stage 1 to stage 2			(1,296,115	)			1,296,115				—				—
— From stage 2 to stage 1			34,828				(34,828	)			—				—
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments)			(27,188,881	)			(1,017,363	)			—				(28,206,244	)
As of December 31, 2021			64,416,918				314,451				—				64,731,369

(f) The following table sets forth the movement of ECL allowance of financing guarantee contracts 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			688,080				60,594				—				748,674
New guarantee contracts originated			1,126,819				—				—				1,126,819
Transfers			(978,068	)			1,175,369				—				197,301
— From stage 1 to stage 2			(993,204	)			993,204				—				—
— From stage 2 to stage 1			32,580				(32,580	)			—				—
Net impact on expected credit loss by stage transfers			(17,444	)			214,745				—				197,301
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments)			(911,219	)			(954,257	)			—				(1,865,476	)
Change in parameters of expected credit loss model			2,476,773				13,018				—				2,489,791
																	As of December 31, 2021			2,402,385				294,724				—				2,697,109

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Tabular disclosure of movement of gross carrying amount of financing guarantee liabilities.

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