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.