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Financing Guarantee Liabilities

12 Months Ended

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