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General risk reserve	12 Months Ended
Dec. 31, 2019
26. General risk reserve	In accordance with the relevant laws and regulations of the PRC, the Group’s variable interest entity is required to maintain a general risk reserve within the equity, through appropriation of profit, which should not be less than 1.5% of the year end balance of its risk assets over the course of five years. As of December 31, 2018 and 2019, total statutory reserves were RMB12.4 million and RMB9.2 million, respectively.

General risk reserve

12 Months Ended

Dec. 31, 2019

In accordance with the relevant laws and regulations of the PRC, the Group’s variable interest entity is required to maintain a general risk reserve within the equity, through appropriation of profit, which should not be less than 1.5% of the year end balance of its risk assets over the course of five years. As of December 31, 2018 and 2019, total statutory reserves were RMB12.4 million and RMB9.2 million, respectively.