The following table presents the Group’s quantitative disclosures of fair value measurement hierarchy for assets and liabilities measured at fair value as at 31 December 2017:
| Fair value measurement using | Total | |||||||||||||||
|
Quoted prices in active markets |
Significant observable inputs |
Significant unobservable inputs |
||||||||||||||
| Level 1 | Level 2 | Level 3 | ||||||||||||||
| RMB million | RMB million | RMB million | RMB million | |||||||||||||
|
Assets measured at fair value |
||||||||||||||||
|
Available-for-sale securities |
||||||||||||||||
|
- Equity securities |
196,673 | 48,989 | 89,111 | 334,773 | ||||||||||||
|
- Debt securities |
46,898 | 350,893 | 57,333 | 455,124 | ||||||||||||
|
Securities at fair value through profit or loss |
||||||||||||||||
|
- Equity securities |
52,300 | 963 | 655 | 53,918 | ||||||||||||
|
- Debt securities |
9,301 | 73,590 | — | 82,891 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total |
305,172 | 474,435 | 147,099 | 926,706 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Liabilities measured at fair value |
||||||||||||||||
|
Financial liabilities at fair value through profit or loss |
(2,529 | ) | — | — | (2,529 | ) | ||||||||||
|
Investment contracts at fair value through profit or loss |
(12 | ) | — | — | (12 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total |
(2,541 | ) | — | — | (2,541 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
The following table presents the Group’s quantitative disclosures of fair value measurement hierarchy for assets and liabilities measured at fair value as at 31 December 2016:
| Fair value measurement using | Total | |||||||||||||||
|
Quoted prices in active markets |
Significant observable inputs |
Significant unobservable inputs |
||||||||||||||
| Level 1 | Level 2 | Level 3 | ||||||||||||||
| RMB million | RMB million | RMB million | RMB million | |||||||||||||
|
Assets measured at fair value |
||||||||||||||||
|
Available-for-sale securities |
||||||||||||||||
|
- Equity securities |
183,222 | 86,161 | 76,445 | 345,828 | ||||||||||||
|
- Debt securities |
28,562 | 357,463 | 13,733 | 399,758 | ||||||||||||
|
Securities at fair value through profit or loss |
||||||||||||||||
|
- Equity securities |
52,790 | 867 | 1,061 | 54,718 | ||||||||||||
|
- Debt securities |
37,172 | 117,234 | — | 154,406 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total |
301,746 | 561,725 | 91,239 | 954,710 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Liabilities measured at fair value |
||||||||||||||||
|
Financial liabilities at fair value through profit or loss |
(2,031 | ) | — | — | (2,031 | ) | ||||||||||
|
Investment contracts at fair value through profit or loss |
(12 | ) | — | — | (12 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total |
(2,043 | ) | — | — | (2,043 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||