XML 117 R85.htm IDEA: XBRL DOCUMENT

Financing Guarantee Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

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, 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