CITIC Limited Half-Year Report 2019

112 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 29 Financial risk management and fair values (continued) (c) Interest rate risk (continued) (ii) Effective interest rate 30 June 2019 31 December 2018 Effective interest rate HK$ million Effective interest rate HK$ million Assets Cash and deposits 1.55%-1.69% 595,044 1.54%-2.22% 832,968 Placements with banks and non-bank financial institutions 2.87% 195,279 3.38% 200,030 Financial assets held under resale agreements 2.12% 53,768 2.59% 12,955 Loans and advances to customers and other parties 4.80% 4,260,898 4.86% 4,024,401 Investments in financial assets 3.80%-4.38% 2,093,867 3.80%-4.71% 1,884,427 Interests in associates and joint ventures – 158,993 – 155,251 Others 648,539 550,681 8,006,388 7,660,713 Liabilities Borrowing from central banks 3.34% 270,424 3.29% 327,629 Deposits from banks and non-bank financial institutions 2.86% 961,412 3.54% 888,966 Placements from banks and non- bank financial institutions 2.83% 69,538 3.49% 129,163 Financial assets sold under repurchase agreements 2.40% 50,154 2.84% 138,589 Deposits from customers 2.06% 4,572,686 1.88% 4,159,924 Bank and other loans 0.47%-6.35% 151,263 0.47%-6.35% 156,678 Debt instruments issued 2.80%-6.95% 788,713 2.81%-6.95% 745,031 Others 303,390 304,073 7,167,580 6,850,053 Notes to the Consolidated Financial Statements