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Short-term investments

12 Months Ended

Dec. 31, 2021

Short-term investments

Short-term investments

5.            Short-term investments

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​	​	​	​	​
(In thousands)		December 31, 2020		December 31, 2021
Time deposits		68,828		62,379
Investments in financial instruments (note)		48,993		53,273
Total		117,821		115,652

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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 sheets at the principal amount plus accrued interest. Interest income is recorded in “Other income, net” in the consolidated statements of comprehensive (loss)/income.

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

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