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  • Financial Review
  • Group Financial Position

Group Financial Position


HK$ million

As at

31 December

2022

As at

31 December

2021

Increase/(Decrease)

Amount

%

Total assets

11,794,199

10,685,521

1,108,678

10%

Loans and advances to customers and other parties

5,645,252

5,809,296

(164,044)

(2.8%)

Investments in financial assets

3,518,752

2,906,862

611,890

21%

Cash and deposits

757,865

720,235

37,630

5.2%

Placement with banks and non-bank financial institutions

243,324

173,754

69,570

40%

Trade and other receivables

236,516

172,837

63,679

37%

Fixed assets

178,897

177,306

1,591

0.9%

Total liabilities

10,414,131

9,519,931

894,200

9.4%

Deposits from customers

5,766,198

5,852,701

(86,503)

(1.5%)

Deposits from banks and non-bank financial institutions

1,234,900

1,422,328

(187,428)

(13%)

Debt instruments issued

1,323,385

1,250,325

73,060

5.8%

Borrowing from central banks

133,690

231,479

(97,789)

(42%)

Bank and other loans

172,528

145,362

27,166

19%

Trade and other payables

423,468

184,939

238,529

129%

Total ordinary shareholders’ funds

737,251

751,407

(14,156)

(1.9%)

Total assets

Total assets increased from HK$10,685,521 million as at 31 December 2021 to HK$11,794,199 million as at 31 December 2022, mainly attributable to the consolidation of CITIC Securities.

By geography

Loans and advances to customers and other parties

As at 31 December 2022, the net loans and advances to customers and other parties of the Group were HK$5,645,252 million, a decrease of HK$164,044 million or 2.8% compared with 31 December 2021. The proportion of loans and advances to customers and other parties to total assets was 47.86%, a decrease of 6.51 percentage points compared with 31 December 2021.

HK$ million

As at

31 December

2022

As at

31 December

2021

Increase/(Decrease)

Amount

%

Loans and advances to customers and other parties measured at amortised cost

 

 

 

 

Corporate loans

2,760,243

2,807,040

(46,797)

(1.7%)

Discounted bills

4,146

5,532

(1,386)

(25%)

Personal loans

2,380,617

2,523,024

(142,407)

(5.6%)

Accrued interest

19,462

16,181

3,281

20%

Total loans and advances to customers and other parties measured at amortised cost

5,164,468

5,351,777

(187,309)

(3.5%)

Impairment allowances

(153,923)

(154,269)

346

0.2%

Carrying amount of loans and advances to customers and other parties measured at amortised cost

5,010,545

5,197,508

(186,963)

(3.6%)

Loans and advances to customers and other parties at fair value through profit and loss

 

 

 

 

Loans

4,345

-

4,345

N/A

Loans and advances to customer and other parties measured at fair value through other comprehensive income 

 

 

 

 

Loans

61,403

47,210

14,193

30%

Discounted bills

568,959

564,578

4,381

0.8%

Carrying amount of loans and advances to cutomers and other parties measured at fair value through other comprehansive income

630,362

611,788

18,574

3.0%

Net loans and advances ri customers and other parties

5,645,252

5,809,296

(164,044)

(2.8%)

Investments in financial assets

As at 31 December 2022, the investments in financial assets of the Group were HK$3,518,752 million, an increase of HK$611,890 million or 21% compared with 31 December 2021. The proportion of investments in financial assets to total assets was 29.83%, an increase of 2.63 percentage points compared with 31 December 2021.

(a) Analysed by types

HK$ million

As at

31 December

2022

As at

31 December

2021

Increase/(Decrese)

Amount

%

Debt securities

2,170,650

1,962,639

208,011

11%

Investment management products managed by securities companies

65,800

72,824

(7,024)

(9.6%)

Investment funds

622,694

518,277

104,417

20%

Trust investment plans

260,359

295,570

(35,211)

(12%)

Certificates of deposit and certificates of interbank deposit

108,065

44,601

63,464

142%

Equity investment

261,765

27,163

234,602

864%

Wealth management products

3,383

2,677

706

26%

Investments in creditor’s rights on assets

2,127

–

2,127

N/A

Others

40,267

1,106

39,161

3,541%

Subtotal

3,535,110

2,924,857

610,253

21%

Accrued interest

18,984

18,760

224

1.2%

Less: allowance for impairment losses

(35,342)

(36,755)

1,413

3.8%

Total

3,518,752

2,906,862

611,890

21%

(b) Analysed by measurement attribution

HK$ million

As at

31 December

2022

As at

31 December

2021

Increase/(Decrease)

Amount

%

Financial assets at amortised cost

1,258,965

1,435,823

(176,858)

(12%)

Financial assets at FVPL

1,271,604

667,206

604,398

91%

Debt investments at FVOCI

977,719

793,188

184,531

23%

Equity investments at FVOCI

10,464

10,645

(181)

(1.7%)

Total

3,518,752

2,906,862

611,890

21%

 

Deposits from customers

As at 31 December 2022, deposits from customers of the financial institutions under the Group were HK$5,766,198 million, a decrease of HK$86,503 million or 1.5% compared with 31 December 2021. The proportion of deposits from customers to total liabilities was 55.37%, a decrease of 6.11 percentage points compared with 31 December 2021.

HK$ million

As at

31 December

2022

As at

31 December

2021

Increase/(Decrease)

Amount

%

Corporate deposits

       

Time deposits

2,075,641

2,183,893

(108,252)

(5.0%)

Demand deposits

2,162,566

2,401,056

(238,490)

(9.9%)

Subtotal

4,238,207

4,584,949

(346,742)

(7.6%)

Personal deposits

       

Time deposits

1,055,451

809,998

245,453

30%

Demand deposits

390,713

379,224

11,489

3.0%

Subtotal

1,446,164

1,189,222

256,942

22%

Outward remittance and remittance payables

16,144

13,062

3,082

24%

Accrued interest

65,683

65,468

215

0.3%

Total

5,766,198

5,852,701

(86,503)

(1.5%)

Bank and other loans

HK$ million

As at

31 December

2022

As at

31 December

2021

Increase/(Decrease)

Amount

%

Comprehensive financial services

14,235

4,865

9,370

193%

Advanced intelligent manufacturing

14,374

15,823

(1,449)

(9.2%)

Advanced materials

46,809

58,887

(12,078)

(21%)

New consumption

6,348

5,966

382

6.4%

New-type urbanisation

53,377

46,938

6,439

14%

Operation management

106,119

90,837

15,282

17%

Elimination

(69,424)

(78,411)

8,987

11%

Subtotal

171,838

144,905

26,933

19%

Accrued interest

690

457

233

51%

Total

172,528

145,362

27,166

19%

Debt instruments issued

HK$ million

As at

31 December

2022

As at

31 December

2021

Increase/(Decrease) 

Amount

%

Comprehensive financial services

1,211,159

1,167,869

43,290

3.7%

Advanced intelligent manufacturing

–

–

–

N/A

Advanced materials

5,610

489

5,121

1,047%

New consumption

3,503

3,500

3

0.1%

New-type urbanisation

–

372

(372)

(100%)

Operation management

97,258

104,713

(7,455)

(7.1%)

Elimination

(2,049)

(32,237)

30,188

94%

Subtotal

1,315,481

1,244,706

70,775

5.7%

Accrued interest

7,904

5,619

2,285

41%

Total

1,323,385

1,250,325

73,060

5.8%

Total ordinary shareholders’ equity

As at 31 December 2022, total ordinary shareholders’ equity of the Group amounted to HK$737,251 million, a decrease of HK$14,156 million as compared with 31 December 2021. This was mainly attributable to the depreciation of RMB.

Risk Management
Capital Expenditure
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