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Fair value measurement
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Fair value measurement

33.
Fair value measurement
Quantitative disclosures fair value measurement hierarchy for assets and liabilities as of December 31, 2019:
 
 
  
 
 
  
Fair value measurement using
 
 
  
Date of
valuation
 
  
 
 
  
Quoted
prices
in
active
markets
 
  
Significant
observable
inputs
 
 
  
Total
 
  
(Level 1)
 
  
(Level 2)
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
     
Assets measured at fair value
  
   
  
   
  
   
  
   
Quoted equity securities:
  
   
  
   
  
   
  
   
Quoted equity shares – TCL (Note 1
4
)
  
 
December 31,
2019
 
 
  
 
9,235
 
  
 
9,235
 
  
 
—  
 
Debt instruments
(ii)
:
  
   
  
   
  
   
  
   
Bills receivable (Note 1
5
)
  
 
December 31,
2019
 
 
  
 
7,005,234
 
  
 
—  
 
  
 
7,005,234
 
        
 
 
   
 
 
   
 
 
 
Liabilities measured at fair value
  
   
  
   
  
   
  
   
Derivative financial liabilities:
  
   
  
   
  
   
  
   
Foreign exchange forward contract – USD
(i)
(Note 26(a))
  
 
December 31,
2019
 
 
  
 
999
 
  
 
—  
 
  
 
999
 
        
 
 
   
 
 
   
 
 
 
 
Quantitative disclosures fair value measurement hierarchy for assets and liabilities as of December 31, 2020:
 
 
  
 
 
  
Fair value measurement using
 
 
  
Date of
valuation
 
  
 
 
  
 
 
  
Quoted
prices
in
active
markets
 
  
Significant
observable
inputs
 
 
  
Total
 
  
Total
 
  
(Level 1)
 
  
(Level 2)
 
 
  
US$’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
      
Assets measured at fair value
  
   
  
   
  
   
  
   
  
   
Quoted equity securities:
  
   
  
   
  
   
  
   
  
   
Quoted equity shares – TCL (Note 1
4
)
  
 
December 31,
2020
 
 
  
 
967
 
  
 
6,258
 
  
 
6,258
 
  
 
—  
 
Debt financial assets
(ii)
:
  
   
  
   
  
   
  
   
  
   
Bills receivable (Note 1
5
)
  
 
December 31,
2020
 
 
  
 
1,204,293
 
  
 
7,793,343
 
  
 
—  
 
  
 
7,793,343
 
        
 
 
   
 
 
   
 
 
   
 
 
 
Note:
 
 
(i)
 
Forward currency contracts are valued using a valuation technique with market observable inputs. The most frequently applied valuation techniques include forward pricing, using present value calculations. The models incorporate various inputs including the foreign exchange spot and forward rates.
 
(ii)
 
The fair value of the Group’s debt financial assets is measured based on quoted market interest rates of similar instruments.
There have been no transfers between Level 1 and Level 2 during 2020 and 2019.