CITIC Limited Half-Year Report 2019

102 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 29 Financial risk management and fair values (continued) (a) Credit risk (continued) (i) Maximum credit risk exposure The maximum exposure to credit risk as at the balance sheet date without taking into consideration of any collateral held or other credit enhancement is represented by the net balance of each type of financial assets in the balance sheet after deducting any impairment allowance. A summary of the maximum credit risk exposure of financial instruments for which allowance for impairment losses is recognised is as follows: 30 June 2019 31 December 2018 HK$ million HK$ million Deposits with central banks, banks and non-bank financial institutions 587,965 825,813 Placements with banks and non-bank financial institutions 195,279 200,030 Trade and other receivables 162,216 91,272 Financial assets held under resale agreements 53,768 12,955 Loans and advances to customers and other parties 4,260,898 4,024,401 Investments in financial assets – At amortised cost 1,060,889 899,348 – Debt investments at FVOCI 629,150 582,899 Contract assets 12,661 11,068 Other financial assets 3,513 2,591 6,966,339 6,650,377 Credit commitments and guarantees provided 1,342,052 1,293,815 Maximum credit risk exposure 8,308,391 7,944,192 The maximum exposure to credit risk at the balance sheet date without taking into consideration of any collateral held or other credit enhancement is not represented by the net balance of each type of financial assets in the balance sheet without deducting any allowance for impairment losses. A summary of the maximum exposure is as follows: 30 June 2019 31 December 2018 HK$ million HK$ million Derivative financial instruments 21,808 37,294 Investments in financial assets – Financial assets at FVPL 369,411 370,684 Maximum credit risk exposure 391,219 407,978 Notes to the Consolidated Financial Statements