CITIC Limited Half-Year Report 2019

123 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 30 Material related parties (continued) (b) Related party transactions (continued) (i) Transaction amounts with related parties (continued) Notes: (1) These above transactions with related parties were conducted under the normal commercial terms. (2) Interest rates of loans and advances to the related parties were determined at rates negotiated between the Group and the corresponding related parties on a case by case basis. (3) During the relevant years, CITIC Bank, a subsidiary of the Group, entered into transactions with related parties in the ordinary course of its banking businesses including lending, assets transfer (i.e. issuance of asset-backed securities in the form of private placement), wealth management, investment, deposit, settlement and clearing, off-balance sheet transactions, and purchase, sale and leases of property. These banking transactions were conducted under normal commercial terms and conditions and priced at the relevant market rates prevailing at the time of each transaction. (ii) Outstanding balances with related parties As at 30 June 2019 Parent company Holding company’s fellow entities Associates and joint ventures Total HK$ million HK$ million HK$ million HK$ million Trade and other receivables 72 1,204 2,256 3,532 Loans and advances to customers and other parties (note (2)) – 2,944 4,516 7,460 Placements with banks and non-bank financial institutions – – 1,973 1,973 Cash and deposits – – 6,625 6,625 Derivative financial instruments and other assets – – 1,182 1,182 Financial assets held under resale agreements – – 1,097 1,097 Investments in financial assets – Financial assets at FVPL – – 1,018 1,018 Trade and other payables 330 11,929 3,695 15,954 Deposits from customers 463 8,441 23,560 32,464 Deposits from bank and non-bank financial institutions – – 18,387 18,387 Derivative financial instruments and other liabilities – – 98 98 Bank and other loans 7,384 16,903 – 24,287 Off-balance sheet items Entrusted funds 6,496 889 48,375 55,760 Funds raised from investors of non-principle guaranteed wealth management products – 18 2,058 2,076 Guarantees provided (note (3)) – – 13,991 13,991 Guarantees received – 2,125 63,497 65,622 Notes to the Consolidated Financial Statements