CITIC Limited Half-Year Report 2019

95 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 28 Contingent liabilities and commitments (continued) (d) Guarantees provided Except for guarantees that have been recognised as liabilities, the guarantees issued by the Group at the balance sheet date are as follows: 30 June 2019 31 December 2018 HK$ million HK$ million Related parties (note) 13,991 11,811 Third parties 4,864 3,169 18,855 14,980 As at balance date, the counter guarantees issued to the Group by related parties and third parties mentioned above are as follows: 30 June 2019 31 December 2018 HK$ million HK$ million Related parties (note) 5,684 5,706 Third parties 9 50 5,693 5,756 Note: As at 30 June 2019, the guarantees provided to related parties by the Group include guarantees provided to former subsidiaries of the Group that were disposed to China Overseas Land & Investment Limited (“China Overseas”) in 2016, amounting to RMB5,000 million(approximately HK$5,684 million) (31 December 2018: RMB5,000 million(approximately HK$5,706 million)). The guarantees are being transferred to China Overseas which has provided counter guarantees to the Group. The relationship and transaction with related parties are disclosed in Note 30. Notes to the Consolidated Financial Statements