| 26 | FINANCE COSTS |
| For the year ended 31 December | ||||||||||||
| 2017 RMB million |
2016 RMB million |
2015 RMB million |
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Interest expenses for bonds payable |
1,033 | 3,126 | 3,430 | |||||||||
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Interest expenses for securities sold under agreements to repurchase |
3,144 | 1,460 | 784 | |||||||||
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Interest expenses for interest-bearing loans and borrowings |
424 | 181 | 106 | |||||||||
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Total |
4,601 | 4,767 | 4,320 | |||||||||
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