v3.25.4
Loans To Customers (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure Of Loans to Customers [Abstract]  
Summary of Loans to Customers
 
  
December 31,
 
 
December 31,
 
 
December 31,
 
 
  
2022
 
 
2023
 
 
2024
 
 
  
RMB’000
 
 
RMB’000
 
 
RMB’000
 
 
  
(Restated)
 
 
(Restated)
 
 
 
 
Loans originated by consolidated trust plans
      186,329,064       98,194,028       61,447,339  
Loans originated by financial institutions
      30,177,633       37,616,889       57,507,164  
  
 
 
    
 
 
    
 
 
  
     216,506,697       135,810,917       118,954,503  
Interest receivable
      2,002,926       1,156,870       1,097,686  
Less: Provision for impairment losses
      (7,062,978 )      (7,273,833 )      (8,543,520 ) 
Stage 1
      (4,481,912 )      (4,433,965 )      (5,740,230 ) 
Stage 2
      (1,197,126 )      (1,152,069 )      (1,084,589 ) 
Stage 3
      (1,383,940 )      (1,687,799 )      (1,718,701 ) 
  
 
 
    
 
 
    
 
 
  
     211,446,645       129,693,954       111,508,669  
  
 
 
    
 
 
    
 
 
  
Expected credit loss rate
      3.23 %      5.31 %      7.12 % 
  
 
 
    
 
 
    
 
 
  
Summary of Movement in Loans to Customers
(c)
The following table sets forth the movement of gross carrying amount of loans to customers for the year ended December 31, 2022:
 
Year ended December 31, 2022
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
As of January 1, 2022
   
 
215,525,406
 
   
 
1,576,245
 
   
 
624,330
 
   
 
217,725,981
 
New loans originated
      215,854,353        —         —         215,854,353  
Transfers
     












 
— From stage 1 to stage 2
      (17,463,339 )       17,463,339        —         —   
— From stage 2 to stage 1
      294,780        (294,780 )       —         —   
— From stage 2 to stage 3
      —         (3,969,255 )       3,969,255        —   
— From stage 3 to stage 2
      —         9,853        (9,853 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (201,120,112 )       (10,824,690 )       (112,687 )       (212,057,489 ) 
Write-offs
      —         —         (3,013,222 )       (3,013,222 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2022
   
 
213,091,088
 
   
 
3,960,712
 
   
 
1,457,823
 
   
 
218,509,623
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(d)
The following table sets forth the movement of ECL allowance for the year ended December 31, 2022:
 
Year ended December 31, 2022
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
As of January 1, 2022
   
 
1,860,245
 
   
 
312,280
 
   
 
581,346
 
   
 
2,753,871
 
New loans originated
      1,463,129        —         —         1,463,129  
Transfers
     












 
— From stage 1 to stage 2
      (3,633,495 )       3,633,495        —         —   
— From stage 2 to stage 1
      53,590        (53,590 )       —         —   
— From stage 2 to stage 3
      —         (3,522,533 )       3,522,533        —   
— From stage 3 to stage 2
      —         9,329        (9,329 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (1,058,072 )      (319,848 )      (250,409 )      (1,628,329 )
Remeasurements
      5,796,515        1,137,993        406,081        7,340,589  
Write-offs
      —         —         (3,013,222 )       (3,013,222 ) 
Recovery of loans written off previously
      —         —         146,940        146,940  
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2022
   
 
4,481,912
 
   
 
1,197,126
 
   
 
1,383,940
 
   
 
7,062,978
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
 
(e)
The following table sets forth the movement of gross carrying amount of loans to customers for the year ended December 31, 2023:
 
Year ended December 31, 2023
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
As of January 1, 2023
   
 
213,091,088
 
   
 
3,960,712
 
   
 
1,457,823
 
   
 
218,509,623
 
New loans originated
      126,598,504        —         —         126,598,504  
Transfers
                                 
— From stage 1 to stage 2
      (21,110,727 )       21,110,727        —         —   
— From stage 2 to stage 1
      742,373        (742,373 )       —         —   
— From stage 2 to stage 3
      —         (7,097,203 )      7,097,203        —   
— From stage 3 to stage 2
      —         7,586        (7,586 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (186,954,113 )       (14,425,652 )      (188,709 )      (201,568,474 ) 
Write-offs
      —         —         (6,571,866 )       (6,571,866 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2023
   
 
132,367,125
 
   
 
2,813,797
 
   
 
1,786,865
 
   
 
136,967,787
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(f)
The following table sets forth the movement of ECL allowance for the year ended December 31, 2023:
 
Year ended December 31, 2023
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
  
(Restated)
 
As of January 1, 2023
   
 
4,481,912
 
   
 
1,197,126
 
   
 
1,383,940
 
   
 
7,062,978
 
New loans originated
      1,929,629        —         —         1,929,629  
Transfers
                                 
— From stage 1 to stage 2
      (6,016,218 )       6,016,218        —         —   
— From stage 2 to stage 1
      166,232        (166,232 )       —         —   
— From stage 2 to stage 3
      —         (6,209,153 )       6,209,153        —   
— From stage 3 to stage 2
      —         7,070        (7,070 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (2,277,971 )       (400,954 )       (184,192 )       (2,863,117 ) 
Remeasurements
      6,150,381        707,994        648,703        7,507,078  
Write-offs
      —         —         (6,571,866 )       (6,571,866 ) 
Recovery of loans written off previously
      —         —         209,131        209,131  
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2023
   
 
4,433,965
 
   
 
1,152,069
 
   
 
1,687,799
 
   
 
7,273,833
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
 
(g)
The following table sets forth the movement of gross carrying amount of loans to customers for the year ended December 31, 2024:
 
Year ended December 31, 2024
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
As of January 1, 2024
   
 
132,367,125
 
   
 
2,813,797
 
   
 
1,786,865
 
   
 
136,967,787
 
New loans originated
      149,102,654        —         —         149,102,654  
Acquisition of subsidiaries
      2,031,369        25,778        90,365        2,147,512  
Transfers
     












 
— From stage 1 to stage 2
      (12,773,218 )       12,773,218        —         —   
— From stage 2 to stage 1
      440,404        (440,404 )       —         —   
— From stage 2 to stage 3
      —         (6,680,981 )      6,680,981        —   
— From stage 3 to stage 2
      —         29,245        (29,245 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (155,003,034 )       (6,770,877 )      (145,309 )      (161,919,220 ) 
Write-offs
      —         —         (6,246,544 )       (6,246,544 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2024
   
 
116,165,300
 
   
 
1,749,776
 
   
 
2,137,113
 
   
 
120,052,189
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(h)
The following table sets forth the movement of ECL allowance for the year ended December 31, 2024:
 
Year ended December 31, 2024
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
As of January 1, 2024
   
 
4,433,965
 
   
 
1,152,069
 
   
 
1,687,799
 
   
 
7,273,833
 
New loans originated
      3,441,606        —         —         3,441,606  
Acquisition of subsidiaries
      10,178        166        10,435        20,779  
Transfers
     












 
— From stage 1 to stage 2
      (5,254,705 )       5,254,705        —         —   
— From stage 2 to stage 1
      159,936        (159,936 )       —         —   
— From stage 2 to stage 3
      —         (5,486,549 )       5,486,549        —   
— From stage 3 to stage 2
      —         27,226        (27,226 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (3,217,060 )       (355,499 )       (193,845 )       (3,766,404 ) 
Remeasurements
      6,166,310        652,407        675,702        7,494,419  
Write-offs
      —         —         (6,246,544 )       (6,246,544 ) 
Recovery of loans written off previously
      —         —         325,831        325,831  
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2024
   
 
5,740,230
 
   
 
1,084,589
 
   
 
1,718,701
 
   
 
8,543,520