Loans payable represent borrowings from various individuals and companies through various securities exchanges and loans from shareholders (see note 6 for maturity analysis). The average annual interest rates was 9.7% and 8.7% at December 31, 2016 and 2017, respectively.
| As at December 31, | ||||||||
| 2016 | 2017 | |||||||
| RMB’000 | RMB’000 | |||||||
| Loans payable to third parties | 177,970 | 216,370 | ||||||
| Loans payable to shareholders | 22,500 | 10,000 | ||||||
| Total | 200,470 | 226,370 | ||||||