FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of nature and extent of risks arising from financial instruments [abstract]

Schedule of foreign currency risk

	Currency		As at December 31
	denomination		2020		2021
Monetary assets
Cash and cash equivalents		HKD		27,003		23,122
Cash and cash equivalents		USD		29		—
Other receivables		HKD		—		440
				27,032		23,562
Monetary liabilities
Other payables		HKD		132		—

Schedule of loss provision for trade receivables

	As at December 31, 2020								As at December 31, 2021
	Carrying amount		ECL rates			Loss provision			Carrying amount		ECL rates			Loss provision
Portfolio 1		202,484		—			—			121,287		—			—
Portfolio 2		3,429,198		1.68	%		(57,690	)		4,145,617		0.50	%		(20,691	)
Portfolio 3		150,699		2.00	%		(3,014	)		153,021		2.00	%		(3,060	)
		3,782,381					(60,704	)		4,419,925					(23,751	)

Schedule of reconciliation of loss provision for trade receivables

	Trade receivables
	2020 RMB’000			2021 RMB’000
Opening loss provision as at January 1		61,135			60,704
Receivables written off during the year as uncollectible		(73	)		—
Reversal of impairment loss provision		(358	)		(36,953	)
Closing loss provision at December 31		60,704			23,751

Schedule of loss provision for other financial assets at amortized cost

	As at December 31, 2020								As at December 31, 2021
	Carrying amount		ECL rates			Loss provision			Carrying amount		ECL rates			Loss provision
Stage 1 (Portfolio)		379,116		1.57	%		(5,959	)		289,495		0.65	%		(1,872	)
Stage 1 (Individual)		222,705		—			—			128,902		—			—
Stage 2		—		—			—			—		—			—
Stage 3		4,631		100	%		(4,631	)		4,631		100	%		(4,631	)
		606,452					(10,590	)		423,028					(6,503	)

Schedule of liquidity risk

	Less than 1 year		Between 1 and 5 years		Over 5 years		Carrying amount
	RMB’000		RMB’000		RMB’000		RMB’000
At December 31, 2020
Trade and other payables excluding non-financial liabilities		3,417,934		—		—		3,417,934
Payables for fixed assets and construction-in-progress		2,914,696		—		—		2,914,696
Lease liabilities		61,880		258,820		5,665,980		5,986,680
Dividends payable		13,749		—		—		13,749
		6,408,259		258,820		5,665,980		12,333,059
At December 31, 2021
Trade and bill payables and other payables excluding non-financial liabilities		4,483,180		—		—		4,483,180
Payables for fixed assets and construction-in-progress		2,776,708		—		—		2,776,708
Lease liabilities		63,249		263,961		5,598,450		5,925,660
Dividends payable		13,746		—		—		13,746
		7,336,883		263,961		5,598,450		13,199,294

Schedule of fair value estimation

The following table presents the Group’s assets that are measured at fair value at December 31, 2021:

	Level 1		Level 2		Level 3		Total
	RMB’000		RMB’000		RMB’000		RMB’000
Assets
Financial assets at FVOCI		—		—		463,696		463,696

The following table presents the Group’s assets that are measured at fair value at December 31, 2020:

	Level 1		Level 2		Level 3		Total
	RMB’000		RMB’000		RMB’000		RMB’000
Assets
Financial assets at FVOCI		—		—		377,631		377,631

Schedule of changes in unobservable inputs

	Financial assets at FVOCI
Opening balance as at January 1, 2020		351,045
Acquisitions		26,586
Closing balance December 31, 2020		377,631
Acquisitions		86,065
Closing balance as at December 31, 2021		463,696