Term deposits and cash and cash equivalents

12 Months Ended

Dec. 31, 2023

Deposits From Banks [Abstract]

Term deposits and cash and cash equivalents

21.Term deposits and cash and cash equivalents

(a)Term deposits

As at December 31, 2022 and 2023, the Group’s term deposits were denominated in RMB and US$.

As at December 31, 2022 and 2023, the carrying amounts of the term deposits with initial terms of over three months approximated their fair values.

(b)Restricted cash

As at December 31, 2023, restricted cash held at banks of RMB31 million (December 31, 2022: RMB34 million) were mainly denominated in RMB, representing restricted deposits used as security against certain lawsuits.

(c)Cash and cash equivalents

	As at December 31,
	2022		2023
	RMB’million		RMB’million
Cash at bank		9,153		13,567
Term deposits with initial terms within three months		402		-
		9,555		13,567