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Short-term investments

12 Months Ended

Dec. 31, 2017

Short-term investments [Abstract]

Short-term investments

5. Short-term investments

(In thousands)		December 31, 2016			December 31, 2017
Time deposits			38,829			118,779
Investments in financial instruments (note)			143,131			20,136
Total			181,960			138,915

Note: The investments were issued by commercial banks in the PRC with a variable interest rate indexed to performance of underlying assets. Since these investments’ maturity dates are within one year, they are classified as short-term investments.

Time deposits and investments in financial instruments are stated on the balance sheet at the principal amount plus accrued interest. Interest income is recorded in “other income” in the statement of comprehensive income.

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The entire disclosure for all short-term investments of the reporting entity.

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