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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2019
Fair Value Measurement |
Schedule of fair value measurements assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Fair Value Measurements at Reporting Date Using
​ | ​ | ​ | ​ | (Amount in Thousands)
​ |  | ​ |  | Quoted Prices |  | ​ |  | ​
​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | As of | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | December 31, | ​ | Assets | ​ | Inputs | ​ | Inputs
Description | ​ | 2018 | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3)
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
Short-term investments |  |  |  |  |  |  |  |
Available-for-sale investments |  | 42,148 |  | — |  | 42,148 |  | —
Investments held by consolidated investment fund |  | 395,929 |  | — |  | 395,929 |  | —
Long-term investments |  |  |  |  |  |  |  |
Available-for-sale investments |  | 139,994 |  | — |  | 139,994 |  | —
Investments held by consolidated investment fund |  | 109,439 |  | — |  | 109,439 |  | —
Other long-term investments measured at fair value |  | 374,612 |  | 157,855 |  | 216,757 |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Fair Value Measurements at Reporting Date Using
​ | ​ | ​ | ​ | (Amount in Thousands)
​ |  | ​ |  | Quoted Prices |  | ​ |  | ​ | ​ | ​
​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant | ​ | ​
​ | ​ | As of | ​ | Identical | ​ | Observable | ​ | Unobservable | ​ | ​
​ | ​ | December 31, | ​ | Assets | ​ | Inputs | ​ | Inputs | ​ | NAV
Description | ​ | 2019 | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3) | ​ | ​
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
Short-term investments |  |  |  |  |  |  |  |  | ​ | ​
Investments held by consolidated investment funds |  | 642,759 | ​ | — | ​ | 642,759 | ​ | — | ​ | —
Long-term investments |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale investments |  | 15,081 | ​ | — | ​ | 15,081 | ​ | — | ​ | —
Investments held by consolidated investment fund |  | 260,311 | ​ | — | ​ | 260,311 | ​ | — | ​ | —
Other long-term investments measured at fair value |  | 255,967 | ​ | 7,968 | ​ | — | ​ | 219,679 | ​ | 28,320
Schedule of Investments Measured at Fair Value Using Significant Unobservable Inputs (Level3) | A reconciliation of the beginning and ending balances of the investments measured at fair value using significant unobservable inputs (Level 3) for the year ended December 31, 2019, presented as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | RMB |  | US$
​ | ​ | (Amount in Thousands)
Beginning balance of investments, at fair value |  | — |  | —
Transfer of investments in fair value hierarchy from Level 2 to Level 3 |  | 193,105 |  | 27,738
Measurement approach change from measurement alternative to fair value measurement | ​ | 35,176 | ​ | 5,053
Disposal of portfolio investments |  | (14,109) |  | (2,027)
Changes in gains included in investment income (loss) |  | 5,507 |  | 791
Ending balance of investments, at fair value |  | 219,679 |  | 31,555
Changes in net unrealized gains included in investment income (loss) related to Level 3 investments still held as of December 31, 2019 | ​ | 878 | ​ | 126
Schedule of fair value measurements long term financial instruments | As of December 31, 2018 and 2019, information about inputs into the fair value measurements of the Group’s long-term financial instruments that are not reported at fair value on balance sheet is as following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Fair Value Measurements at Reporting Date Using
​ | ​ | ​ | ​ | ​ | ​ | (Amount in Thousands)
​ | ​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | As of December 31, 2018 | ​ | Assets | ​ | Inputs | ​ | Inputs
Description | ​ | Carrying Value | ​ | Fair Value | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3)
​ |  | RMB |  | RMB |  | RMB |  | RMB |  | RMB
Long-term investments – held-to-maturity: |  |  |  |  |  |  |  |  |  |
Investment in fixed income products |  | 121,671 | ​ | 144,086 | ​ | — | ​ | 144,086 | ​ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Fair Value Measurements at Reporting Date Using
​ | ​ | ​ | ​ | ​ | ​ | (Amount in Thousands)
​ | ​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | As of December 31, 2019 | ​ | Assets | ​ | Inputs | ​ | Inputs
Description | ​ | Carrying Value | ​ | Fair Value | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3)
​ |  | RMB |  | RMB |  | RMB |  | RMB |  | RMB
Long-term investments – held-to-maturity: |  |  |  |  |  |  |  |  |  |
Investment in fixed income products |  | 36,816 | ​ | 41,062 | ​ | — | ​ | 41,062 | ​ | —

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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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