Contract Assets and Service Fees Receivable, Net and Guarantee Receivables, Net (Tables)

12 Months Ended

Dec. 31, 2021

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Schedule of Contract Assets, Service Fees Receivable, and Guarantee Receivables

The following table provides information about the Group’s contract assets and service fees receivable and guarantee receivables with its customers:

	As of December 31,
	2020			2021
	(RMB in thousands)
Short-term:
Contract assets		2,964,670			3,121,477
Allowance for credit losses of contract assets		(22,923	)		(79,375	)
Contract assets, net		2,941,747			3,042,102
Service fees receivable		808,586			1,008,484
Allowance for credit losses of service fees receivable		(42,684	)		(107,886	)
Service fees receivable, net		765,902			900,598
Guarantee receivables		814,968			564,955
Allowance for credit losses of guarantee receivables		(58,771	)		(21,006	)
Guarantee receivables, net		756,197			543,949
Long-term:
Contract assets		500,959			279,645
Allowance for credit losses of contract assets		(18,970	)		(34,973	)
Contract assets, net		481,989			244,672
Guarantee receivables		235,648			105,623
Allowance for credit losses of guarantee receivables		(16,994	)		(4,061	)
Guarantee receivables, net		218,654			101,562

Schedule of Activities in the Allowance for Credit Losses

The activities in the allowance for credit losses of contract assets and service fees receivable and guarantee receivables for the years ended December 31, 2019, 2020 and 2021, respectively, consisted of the following:

	For the Year Ended December 31,
	2019			2020			2021
				(RMB in thousands)
Beginning balances		(54,058	)		(148,322	)		(160,342	)
Cumulative effect due to the adoption of ASC 326 (Note 2(g))	—				(66,433	)		—
Provisions		(153,176	)		(441,805	)		(531,237	)
Charge-offs		68,072			529,380			523,613
Recoveries from prior charge-offs		(9,160	)		(33,162	)		(79,335	)
Ending balances		(148,322	)		(160,342	)		(247,301	)