v3.26.1
Term deposits and cash and cash equivalents
12 Months Ended
Dec. 31, 2025
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, 2024 and 2025, the Group’s term deposits were denominated in RMB and US$.

As at December 31, 2024 and 2025, the carrying amounts of the term deposits with initial terms of over three months approximated their fair value.

(b)
Restricted cash

As at December 31, 2025, restricted cash held at banks of RMB15 million (December 31, 2024: RMB11 million) were mainly denominated in RMB, representing restricted deposits used as security against certain lawsuits.

(c)
Cash and cash equivalents

 

 

As at December 31,

 

 

2024

 

 

2025

 

 

RMB’million

 

 

RMB’million

 

Cash at bank

 

 

12,310

 

 

 

8,169

 

Term deposits with initial terms within three months

 

 

854

 

 

 

301

 

 

 

13,164

 

 

 

8,470