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v3.23.1

Loans To Customers (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure Of Loans to Customers [Abstract] |
Summary of Loans to Customers |
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
| RMB’000 |  |  | RMB’000 |
Loans originated by consolidated trust plans |  |  | 202,175,185 |  |  |  | 186,396,992 |
Loans originated by microloan lending companies and consumer finance company |  |  | 12,587,586 |  |  |  | 30,109,705 |
Interest receivable |  |  | 2,963,210 |  |  |  | 2,002,926 |
Less: Provision for impairment losses |  |  |  |  |  |  |  |
Stage 1 |  |  | (1,860,245 | ) |  |  | (4,481,912 | )
Stage 2 |  |  | (312,280 | ) |  |  | (1,197,126 | )
Stage 3 |  |  | (581,346 | ) |  |  | (1,383,940 | )
|  |  | (2,753,871 | ) |  |  | (7,062,978 | )
|  |  | 214,972,110 |  |  |  | 211,446,645 |
Expected credit loss rate |  |  | 1.26 | % |  |  | 3.23 | %
Summary of Movement in Loans to Customers |
( c ) | 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 |
Transfers |  |  | (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 |
( d ) | 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 |
Transfers |  |  | (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 transfers |  |  | (3,066 | ) |  |  | 164,932 |  |  |  | 322,605 |  |  |  | 484,471 |
Loans de-recognized and other adjustments in the current period (including repayments 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 |
( e ) | 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 |
Transfers |  |  | (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 |
( f ) | 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 |
Transfers. . |  |  | (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 |
( g ) | The following table sets forth the movement of gross carrying amount of loans to customers for the year ended December 31, 2022:
|  | Year ended December 31, 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2022 |  |  | 215,525,406 |  |  |  | 1,576,245 |  |  |  | 624,330 |  |  |  | 217,725,981 |
New loans originated |  |  | 215,834,125 |  |  |  | — |  |  |  | — |  |  |  | 215,834,125 |
Transfers |  |  | (17,245,234 | ) |  |  | 13,239,242 |  |  |  | 4,005,992 |  |  |  | — |
— From stage 1 to stage 2 |  |  | (17,540,156 | ) |  |  | 17,540,156 |  |  |  | — |  |  |  | — |
— From stage 2 to stage 1 |  |  | 294,922 |  |  |  | (294,922 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (4,015,845 | ) |  |  | 4,015,845 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 9,853 |  |  |  | (9,853 | ) |  |  | — |
Loans de-recognized and other adjustments in the current period (including repayments of loans) |  |  | (201,023,209 | ) |  |  | (10,854,775 | ) |  |  | (159,277 | ) |  |  | (212,037,261 | )
Write-offs |  |  | — |  |  |  | — |  |  |  | (3,013,222 | ) |  |  | (3,013,222 | )
As of December 31, 2022 |  |  | 213,091,088 |  |  |  | 3,960,712 |  |  |  | 1,457,823 |  |  |  | 218,509,623 |
( h ) | The following table sets forth the movement of ECL allowance for the year ended December 31, 2022:
|  | Year ended December 31, 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
As of January 1, 2022 |  |  | 1,860,245 |  |  |  | 312,280 |  |  |  | 581,346 |  |  |  | 2,753,871 |
New loans originated |  |  | 1,609,220 |  |  |  | — |  |  |  | — |  |  |  | 1,609,220 |
Transfers |  |  | (3,550,516 | ) |  |  | 1,088,799 |  |  |  | 3,840,446 |  |  |  | 1,378,729 |
— From stage 1 to stage 2 |  |  | (3,573,960 | ) |  |  | 3,573,960 |  |  |  | — |  |  |  | — |
— From stage 2 to stage 1 |  |  | 54,161 |  |  |  | (54,161 | ) |  |  | — |  |  |  | — |
— From stage 2 to stage 3 |  |  | — |  |  |  | (3,575,710 | ) |  |  | 3,575,710 |  |  |  | — |
— From stage 3 to stage 2 |  |  | — |  |  |  | 9,329 |  |  |  | (9,329 | ) |  |  | — |
Net impact on expected credit loss by stage transfers |  |  | (30,717 | ) |  |  | 1,135,381 |  |  |  | 274,065 |  |  |  | 1,378,729 |
Loans de-recognized and other adjustments in the current period (including repayments of loans) |  |  | (1,707,206 | ) |  |  | (403,559 | ) |  |  | (214,194 | ) |  |  | (2,324,959 | )
Change in parameters of expected credit loss model |  |  | 6,270,169 |  |  |  | 199,606 |  |  |  | 42,624 |  |  |  | 6,512,399 |
Write-offs |  |  | — |  |  |  | — |  |  |  | (3,013,222 | ) |  |  | (3,013,222 | )
Recovery of loans written off previously |  |  | — |  |  |  | — |  |  |  | 146,940 |  |  |  | 146,940 |
As of December 31, 2022 |  |  | 4,481,912 |  |  |  | 1,197,126 |  |  |  | 1,383,940 |  |  |  | 7,062,978 |
As of December 31, 2022, loans to customers amounting to RMB3,013 million were written off in 2022 and were still subject to enforcement activity. The enforcement activity includes the amounts written off in previous years.

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