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Restricted cash and time deposits over three months
12 Months Ended
Dec. 31, 2022
Restricted cash and time deposits over three months  
Restricted cash and time deposits over three months

22   Restricted cash and time deposits over three months

As at December 31,

    

2021

    

2022

RMB’000

RMB’000

Pledged bank deposits

1,043,718

198,320

Accrued interests

6,444

 

1,238

Time deposits with initial terms over three months

10,265

144,256

1,060,427

 

343,814

As at December 31, 2021, RMB670,022,000 (USD105,090,000) of the bank deposits had been pledged for short-term borrowings of the Group with weighted average interest rate of 0.94% per annum, RMB368,866,000 (USD57,855,000) had been pledged for currency swaps, and RMB4,830,000 had been pledged for business guarantees.

As at December 31, 2022, RMB192,989,000 (USD27,710,000) were pledged for currency swaps, and RMB5,331,000 was pledged for business guarantee.