CITIC Limited Half-Year Report 2020

120 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 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 2020 Parent company Holding company’s fellow entities Associates and joint ventures Total HK$ million HK$ million HK$ million HK$ million Trade and other receivables 68 1,039 5,748 6,855 Loans and advances to customers and other parties (note (2)) – 3,000 4,293 7,293 Cash and deposits – – 20,713 20,713 Derivative financial instruments and other assets – – 4,590 4,590 Financial assets held under resale agreements – – 1,095 1,095 Investments in financial assets – Financial assets at FVPL – – 3,768 3,768 – Financial assets at amortised cost – – 333 333 Trade and other payables 366 11,911 1,168 13,445 Deposits from customers 3,151 5,606 9,995 18,752 Deposits from bank and non-bank financial institutions – – 7,806 7,806 Derivative financial instruments and other liabilities – – 164 164 Bank and other loans 5,348 21,916 – 27,264 Off-balance sheet items Entrusted funds 6,155 131 27,592 33,878 Funds raised from investors of non-principal guaranteed wealth management products – 11 2,363 2,374 Guarantees provided (note (3)) – – 12,880 12,880 Guarantees received – – 120,317 120,317