CITIC Limited Half-Year Report 2020

100 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 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 2020 31 December 2019 HK$ million HK$ million Deposits with central banks, banks and non-bank financial institutions 669,739 733,290 Placements with banks and non-bank financial institutions 240,636 226,686 Trade and other receivables 145,110 148,653 Financial assets held under resale agreements 41,913 11,117 Loans and advances to customers and other parties 4,483,902 4,358,920 Investments in financial assets – At amortised cost 1,042,784 1,040,997 – Debt investments at FVOCI 809,877 701,936 Contract assets 12,419 11,504 Other financial assets 3,810 2,366 7,450,190 7,235,469 Credit commitments and guarantees provided 1,466,605 1,443,403 Maximum credit risk exposure 8,916,795 8,678,872 The maximum exposure to credit risk 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 debt instruments in the balance sheet without deducting any allowance for impairment losses. A summary of the maximum exposure is as follows: 30 June 2020 31 December 2019 HK$ million HK$ million Derivative financial instruments 27,602 19,580 Loans and advances to customers and other parties at FVPL 7,713 7,719 Investments in financial assets – Financial assets at FVPL (debt instruments) 339,309 366,373 Maximum credit risk exposure 374,624 393,672