23 | NET FAIR VALUE GAINS THROUGH PROFIT OR LOSS |
For the year ended 31 December | ||||||||||||
2017 RMB million |
2016 RMB million |
2015 RMB million |
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Debt securities |
(1,542 | ) | (918 | ) | 766 | |||||||
Equity securities |
8,179 | (6,319 | ) | 9,324 | ||||||||
Stock appreciation rights |
(179 | ) | 191 | 180 | ||||||||
Financial liabilities at fair value through profit or loss |
(275 | ) | (48 | ) | (61 | ) | ||||||
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Total |
6,183 | (7,094) | 10,209 | |||||||||
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