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Financing Guarantee Liabilities | 12 Months Ended
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Dec. 31, 2022
Text block [abstract] |
Financing Guarantee Liabilities |
33 | Financing guarantee liabilities
(a) | 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 |
(b) | 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 |
(c) | 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 |
(d) | 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 |
(e) | The following table sets forth the movement of gross carrying amount of financing guarantee contracts 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 |  |  | 64,416,918 |  |  |  | 314,451 |  |  |  | — |  |  |  | 64,731,369 |
New guarantee contracts originated |  |  | 59,085,462 |  |  |  | — |  |  |  | — |  |  |  | 59,085,462 |
Transfers |  |  | (5,760,786 | ) |  |  | 5,760,786 |  |  |  | — |  |  |  | — |
— From stage 1 to stage 2 |  |  | (5,887,854 | ) |  |  | 5,887,854 |  |  |  | — |  |  |  | — |
— From stage 2 to stage 1 |  |  | 127,068 |  |  |  | (127,068 | ) |  |  | — |  |  |  | — |
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments) |  |  | (50,729,902 | ) |  |  | (4,583,991 | ) |  |  | — |  |  |  | (55,313,893 | )
As of December 31, 2022 |  |  | 67,011,692 |  |  |  | 1,491,246 |  |  |  | — |  |  |  | 68,502,938 |
(f) | The following table sets forth the movement of ECL allowance of financing guarantee contracts 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 |  |  | 2,402,385 |  |  |  | 294,724 |  |  |  | — |  |  |  | 2,697,109 |
New guarantee contracts originated |  |  | 980,980 |  |  |  | — |  |  |  | — |  |  |  | 980,980 |
Transfers |  |  | (4,462,900 | ) |  |  | 5,388,205 |  |  |  | — |  |  |  | 925,305 |
— From stage 1 to stage 2 |  |  | (4,514,480 | ) |  |  | 4,514,480 |  |  |  | — |  |  |  | — |
— From stage 2 to stage 1 |  |  | 114,996 |  |  |  | (114,996 | ) |  |  | — |  |  |  | — |
Net impact on expected credit loss by stage transfers |  |  | (63,416 | ) |  |  | 988,721 |  |  |  | — |  |  |  | 925,305 |
Guarantee liabilities de-recognized and other adjusted in the current period (including repayments of loans and guarantee payments) |  |  | (2,201,596 | ) |  |  | (4,336,572 | ) |  |  | — |  |  |  | (6,538,168 | )
Change in parameters of expected credit loss model |  |  | 7,656,851 |  |  |  | 41,292 |  |  |  | — |  |  |  | 7,698,143 |
As of December 31, 2022 |  |  | 4,375,720 |  |  |  | 1,387,649 |  |  |  | — |  |  |  | 5,763,369 |

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- Definition Financing guarantee liabilities. + References No definition available. + Details
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