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Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Measurement

Schedule of fair value measurements assets and liabilities

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Fair Value Measurements at Reporting Date Using
​	​	​	​	(Amount in Thousands)
​		​		Quoted Prices		​		​		​
​	​	As of	​	in Active	​	Significant	​	​	​	​
​	​	December 31,	​	Markets for	​	Other	​	Significant	​	​
​	​	2021	​	Identical	​	Observable	​	Unobservable	​	​
​	​	(Amounts in	​	Assets	​	Inputs	​	Inputs	​	NAV
Description	​	thousands)	​	(Level 1)	​	(Level 2)	​	(Level 3)	​	​
​	​	RMB	​	RMB	​	RMB	​	RMB	​	RMB
Short-term investments									​	​
Available-for-sale investments	​	13,805	​	—	​	13,805	​	—	​	—
Trading debt securities	​	14,804	​	14,804	​	—	​	—	​	—
Equity securities measured at fair value	​	7,925	​	7,925	​	—	​	—	​	—
Investments held by consolidated investment fund		26,981	​	—	​	26,981	​	—	​	—
Long-term investments		​	​	​	​	​	​	​	​	​
Investments held by consolidated investment fund		80,327	​	—	​	80,327	​	—	​	—
Other long-term investments measured at fair value		376,957	​	3,766	​	127,678	​	217,269	​	28,244

​

​	​	​	​	​	​	​	​	​	​	​
​		​		Fair Value Measurements at Reporting Date Using
​	​	​	​	(Amount in Thousands)
​	​	​	​	Quoted Prices		​		​		​
​	​	As of	​	in Active	​	Significant	​	​	​	​
​	​	December 31,	​	Markets for	​	Other	​	Significant	​	​
​	​	2022	​	Identical	​	Observable	​	Unobservable	​	​
​	​	(Amounts in	​	Assets	​	Inputs	​	Inputs	​	NAV
Description	​	thousands)	​	(Level 1)	​	(Level 2)	​	(Level 3)	​	​
​	​	RMB	​	RMB	​	RMB	​	RMB	​	RMB
Short-term investments		​		​		​		​	​	​
Available-for-sale investments		14,941		—		14,941		—	​	—
Trading debt securities		207,670		207,670		—		—	​	—
Equity securities measured at fair value		5,265		1,304		3,961		—	​	—
Investments held by consolidated investment fund		67,443		26,637		40,806		—	​	—
Long-term investments	​	​	​	​	​	​	​	​	​	​
Investments held by consolidated investment fund	​	74,751	​	—	​	74,751	​	—	​	—
Other long-term investments measured at fair value	​	631,662	​	—	​	242,753	​	358,351	​	30,558

​

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, 2022, presented as follows:

​

​	​	​
​		RMB
​	​	(Amount in Thousands)
Level 3 investments as of January 1, 2022		217,269
Changes in fair value included in investment income		69,291
Measurement approach change from measurement alternative to fair value measurement	​	76,280
Settlements	​	(6,842)
Foreign currency translation adjustments		2,353
Level 3 investments as of December 31, 2022	​	358,351
Changes in net unrealized gains included in investment income related to Level 3 investments still held as of December 31, 2022	​	62,449

​

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- References

No definition available.

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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