Consolidated Statement of Financial Position

As at 31 December 2024
(Expressed in millions of Renminbi, unless otherwise stated)


	Note	31 December 2024	31 December 2023
Assets
Cash and deposits	19	608,487	625,135
Cash held on behalf of customers	20	315,761	239,019
Placements with banks and non-bank financial institutions	21	404,801	237,742
Derivative financial instruments	22	135,218	77,562
Trade and other receivables	23	266,387	254,452
Contract assets	24	22,414	24,312
Inventories	25	123,637	135,142
Financial assets held under resale agreements	26	179,829	164,983
Loans and advances to customers and other parties	27	5,601,071	5,380,140
Margin accounts	28	138,332	118,746
Investments in financial assets	29	3,538,851	3,356,367
– Financial assets at amortised cost		1,108,159	1,076,039
– Financial assets at fair value through profit or loss		1,401,113	1,292,115
– Debt investments at fair value through other comprehensive income		926,931	967,803
– Equity investments at fair value through other comprehensive income		102,648	20,410
Refundable deposits	30	68,215	62,182
Interests in associates	32	107,733	109,791
Interests in joint ventures	33	66,955	56,787
Fixed assets	34	218,052	210,719
Investment properties	34	40,691	38,153
Right-of-use assets		49,285	51,424
Intangible assets	35	22,640	22,537
Goodwill	35	26,744	26,076
Deferred tax assets	36	84,972	83,327
Other assets		55,350	56,324
Total assets		12,075,425	11,330,920


	Note	31 December 2024	31 December 2023
Liabilities
Borrowings from central banks		124,151	273,226
Deposits from banks and non-bank financial institutions	37	935,159	893,565
Placements from banks and non-bank financial institutions	38	145,644	150,493
Financial liabilities at fair value through profit or loss	39	127,140	88,552
Customer brokerage deposits	40	361,926	282,534
Funds payable to securities issuers		1,063	35
Derivative financial instruments	22	134,331	73,755
Trade and other payables	41	385,896	391,948
Contract liabilities	24	21,099	31,482
Financial assets sold under repurchase agreements	42	672,087	744,571
Deposits from customers	43	5,847,939	5,459,993
Employee benefits payables		57,386	56,933
Income tax payable	36	12,376	9,234
Bank and other loans	44	245,566	235,770
Debt instruments issued	45	1,497,138	1,221,107
Lease liabilities		19,049	20,348
Provisions	46	13,801	16,130
Deferred tax liabilities	36	17,731	16,747
Other liabilities		32,929	27,715
Total liabilities		10,652,411	9,994,138
Equity	47
Share capital		307,576	307,576
Reserves		449,911	395,602
Total ordinary shareholders’ funds		757,487	703,178
Non-controlling interests		665,527	633,604
Total equity		1,423,014	1,336,782
Total liabilities and equity		12,075,425	11,330,920

Approved and authorised for issue by the board of directors on 28 March 2025.

Director: Xi Guohua

Director: Zhang Wenwu

The notes form part of these consolidated financial statements.