招商銀行股份有限公司
2020 年度報告
招商銀行 因您而變
股票代碼：
600036
2020A
21 3.121 3.228 3.333 3.439 3.542 3.643 3.744 3.846 3.954 3.1066 3.1171 3.1272 3.13
2020A
1.
2. 2021319
17177
3. ?
20204.5.
6. 2020886.7410%88.67
1.5%82.47AH
1.253AH
202020207.
2020A
/
100%100%
2020A
2020
973.424.82%
2,904.827.70%(ROAE)15.73%1.07%
437.68%
App(MAU)1.07AUM8.941.4
5.6360.00%2.01
2.451612020%
AH2016
2020
App5,00020762019202020209
2021100
2020A
2020A
2021319
2020A
2020
AUM
MAUAppFPA
REITs
3.03.0
2020A
2020A
+
KPIKPI
+
2021319
VUCA(volatile)(uncertain)(complex)(ambiguous)
2020A
2020A
1.1
1.1.1
China Merchants Bank Co., Ltd.
1.1.2
1.1.3 7088
1.1.4
7088518040+86 755 8319 8888+86 755 8319 5109cmb@cmbchina.comwww.cmbchina.com95555-7
400 820 5555-7
+86 755 8307 7333
1.1.5 831
1.1.6
A600036H03968
1360028CMB 17USDPREF04614
1.1.7
22230?
8835
1.1.8
1.1.9 A
H
183171712-1716
2020A
1.1.10
(www.sse.com.cn)(www.cmbchina.com)(www.hkex.com.hk)(www.cmbchina.com)
1.2
1987
2002420069
AppAppApp2020+
3.0
3.0
1.3
(MAU)+
3.0
3.0
B2B2C
2020A
3.0
MAU3.0
+
IT
2020A
1.4
2020? 202022020500
228.849
? 202032020? 20207202010002
1720? 202072020? 202072020? 2020750038500
9189? 202082020
? 20209
2020? 20209? 202011212120202020? 2020112020? 2020112020? 2020122020
20202016
2020A
2.1
20202019(%)2018
290,482269,7037.70248,555122,643117,0474.78106,608122,440117,1324.53106,49797,95993,4234.8680,81997,34292,8674.8280,56097,17892,1785.4280,129421,3284,4329,406.50(35,721)
(1)
3.79
3.624.703.13
3.79
3.624.703.13
3.79
3.595.573.11
16.71
0.189,183.33(1.42)
(%)
1.23
1.31
0.08
1.24
(1)
15.73
16.84
1.11
16.57
15.73
16.84
1.11
16.57
15.70
16.71
1.01
16.48
2020A
20201231
20191231(%)
20181231
8,361,4487,417,24012.736,745,729
(2)
5,029,1284,490,65011.993,933,034
4,975,5134,438,37512.103,879,429
53,61552,2752.5653,605
234,664223,0975.18192,000
(3)
341-30.212287,631,0946,799,53312.236,202,124
(2)
5,628,3364,844,42216.184,400,674
2,306,1341,692,06836.291,645,684
1,289,5561,346,033-4.201,192,037
1,400,5201,171,22119.581,059,923
632,126635,100-0.47503,030723,750611,30118.40540,118
(1)
25.36
22.8910.7920.07
821,290715,92514.72641,881
610,092550,33910.86482,3404,964,5424,606,7867.774,092,890
2020202020202020
76,60371,75073,07769,05227,79521,99326,81520,73927,91621,81726,73820,70787,147167,107(34,426)201,500
(1) 2
9201720207
2020
(2) 2018
2018
(3) 2.389(a)
2020A
(4) 1
2020
(41)
2.2
(%)202020192018
(1)
2.40
2.480.082.44(2)
2.49
2.590.102.57
63.70
64.180.4864.53
36.30
35.820.4835.47
(3)
33.30
32.091.2131.02(4)
0.98
1.290.311.58
(1) =
(2) =
(3) =
(4) =100%=+
(%)
20201231
20191231
20181231
1.07
1.160.091.36(1)
437.68
426.7810.90358.18
(2)
4.67
4.970.304.88
(1) =
(2) =
(%)
20201231
20191231
20181231
12.29
11.950.3411.78
13.98
12.691.2912.62
16.54
15.541.0015.68
10.68%12.16%13.79%
2020A
2.3
(%)202020192018
≥25
42.06
51.1844.94
≥25
57.10
68.1551.95
≤10
3.48
4.894.21
17.50
18.3417.20
(1)
(2) =
(3) =
(%)202020192018
1.53
1.451.79
38.12
35.0926.06
82.37
61.2480.73
40.17
40.0819.90
=100%=100%=100%=100%
2.4
20202020
2020A
2020A
3.1
202020202,904.827.70%973.42
4.82%1,850.316.90%1,054.51
9.15%(ROAA)(ROAE)
1.23%15.73%0.081.11
83,614.4812.73%50,291.28
11.99%76,310.9412.23%56,283.36
16.18%
536.1513.401.07%
0.09437.68%10.904.67%0.30
3.2
3.2.1
20201,224.404.53%19.99%0.25
2020
20202019
185,031173,09011,94179,48671,4937,99325,96525,120845(96,745)(86,541)(10,204)(2,478)(2,348)(130)(64,871)(61,066)(3,805)(154)
(93)(61)
(3,591)(2,608)(983)(203)85(288)122,440117,1325,308(24,481)(23,709)(772)97,95993,4234,53697,34292,8674,475
2020A
3.2.2
20202,904.827.70%63.70%
36.30%0.48
(%)202020192018
63.70
64.1864.53
27.36
26.5126.75
8.94
9.318.72
100.00
100.00100.00
3.2.3
20203,074.254.93%
20202,361.046.36%
20202019
%%
2,024,89180,5753.981,818,83178,9144.342,506,828147,7045.892,220,299134,7636.07291,6607,8252.68250,6358,3023.31
4,823,379236,1044.894,289,765221,9795.17
202017,694.47995.64
5.63%27,256.421,250.504.59%
2020518.436.01%3.42%24
2020120.0316.38%
1.95%56
2020A
3.2.4
20201,223.942.08%2020832.5213.38%
20202019
%%
1,964,68717,0520.871,607,84713,2450.82
1,496,59442,7462.861,363,97138,9002.85
3,461,28159,7981.732,971,81852,1451.75
1,261,2444,3770.351,081,0453,9730.37
654,05719,0772.92584,10417,3122.96
1,915,30123,4541.221,665,14921,2851.28
5,376,58283,2521.554,636,96773,4301.58
2020154.8118.86%
2020146.5216.90%
3.2.5
20201,850.316.90%
20202019
%%
4,823,379236,1044.894,289,765221,9795.171,513,82451,8433.421,335,24748,9023.66490,0927,4751.53493,7227,7591.57615,31612,0031.95570,99514,3542.51
7,442,611307,4254.136,689,729292,9944.38
2020A
%%
5,376,58283,2521.554,636,96773,4301.58941,18215,4811.64843,29319,0792.26453,88514,6523.23504,24117,6313.50282,9768,4132.97300,6629,2073.0614,5825964.0913,6055574.09
7,069,207122,3941.736,298,768119,9041.90
185,031173,090
2.40
2.48
2.49
2.59
20204.13%251.73%17
2.40%2.49%810
20202019
26,120(11,995)14,1256,116(3,175)2,941
(55)(229)(284)865(3,216)(2,351)
33,046(18,615)14,43111,452(1,630)9,8221,610(5,208)(3,598)(1,626)(1,353)(2,979)
(526)(268)(794)40(1)39
10,950(8,460)2,49022,096(10,155)11,941
2020A
202010-1220207-9
%%
4,962,28858,5074.694,905,03859,2214.801,632,34713,4403.281,566,33813,3953.40502,1811,8911.50481,1111,8401.52587,3652,8361.92534,0472,6101.94
7,684,18176,6743.977,486,53477,0664.10
%%
5,577,76720,9441.495,433,45220,3921.49
997,1444,1721.66987,9083,8801.56374,2612,9523.14392,7343,1303.17274,1571,9622.85252,4071,8682.9415,5471483.7911,7461344.54
7,238,87630,1781.667,078,24729,4041.65
46,49647,662
2.312.45
2.412.53
20202.41%122.31%14
2020A
3.2.6
20201,054.519.15%
794.8611.18%
267.4213.51%
195.51
185.0735.28%
126.5110.09%61.91
1.89%
259.653.36%16.60
191.6221.50%
22.0232.43%2020
62.619.73%
529.7110.46%
50.23%400.5610.86%37.99%
124.240.80%11.78%
20202019
86,68479,047
19,55119,551
12,65111,492
18,50713,681
6,1916,310
26,74223,560
3,0424,453(7,198)(7,554)
79,48671,49325,96525,120
(1,660)
19,16215,771
2,2023,259
6,2615,706
105,45196,613
2020A
3.2.7
2020967.4511.79%10.89%
16.13%33.30%1.21
3.0
33.78%1.26
20202019
57,04051,4399,7299,28929,97625,813
96,74586,541
3.2.8
2020648.716.23%
20202019
46,88254,21415,3676,481
(208)2,147
64,87161,066
2020468.82
13.52%153.67137.11%
3.4
3.9
2020A
3.3
3.3.1
83,614.4812.73%
3.3.1
2020123120191231
%%
5,038,88360.264,500,19960.67(1)
(234,522)(2.80)(222,899)(3.00)4,804,36157.464,277,30057.672,130,88925.481,839,44024.80546,4166.53571,9907.71
(2)
616,5167.37522,5077.049,9540.129,9540.13
(3)
253,3123.04196,0492.65
8,361,448100.007,417,240100.00
(1)
2.389(a)(2)(3)
3.3.1.1
50,291.2811.99%
60.15%0.393.4
2020A
3.3.1.2
2020123120191231
%%
47,2722.2424,2191.33495,72323.50398,27621.89
177,8208.43123,2566.77
175,3038.31199,81710.98
142,6006.7675,2034.141,034,26949.02907,47249.88
911,40943.20778,17042.77
148,3867.03142,7337.84
5920.035640.04
(26,118)(1.24)(13,995)(0.77)
510,30724.19472,58625.97
7,1390.346,0770.3314,9220.7110,7840.60
2,109,632100.001,819,414100.00
2020A
57(f)2020123120191231
3,303,80512,568(12,389)4,656,56910,990(10,724)1,266,675 33,166(36,221)1,135,73412,479(11,756)145,1901,538(1,451)130,219750(720)
4,715,67047,272(50,061)5,922,52224,219(23,200)
4,957.23
10,342.69
5,103.07
71.39
2020A
20201231
20191231
943,029783,189347,814316,241167,553162,341141,140112,241
1,599,5361,374,012
(%)
201612,4433.052026/8/25220187,6004.732025/4/2220126,3424.062022/7/9120135,5304.432023/1/10120185,4004.982025/1/12120194,8203.682026/2/26120144,7805.672024/4/8120124,6904.292022/9/17120124,6304.442022/4/23120164,4903.802036/1/251
149.2238.37%
3.3.1.3
5.7999.54
2020A
3.3.2
76,310.9412.23%
3.3.2
2020123120191231
%%
5,664,13574.224,874,98171.70
(1)
1,009,84613.23784,73511.54331,6224.35359,1755.28
110,4121.4566,6340.98346,1414.54578,1918.50(2)
168,9382.21135,8172.00
7,631,094100.006,799,533100.00
(1)(2)
56,283.3616.18%73.76%
2020123120191231
%%
2,306,13440.981,692,06834.93
1,289,55622.911,346,03327.79
3,595,69063.893,038,10162.72
1,400,52024.881,171,22124.18
632,12611.23635,10013.10
2,032,64636.111,806,32137.28
5,628,336100.004,844,422100.00
202060.00%2.01
56.76%2.66
65.85%0.93
2020A
3.3.3
7,237.5018.40%3,702.65
15.13%74.4829.93
3.4
3.4.1
2020123120191231
%%
4,934,79798.124,385,78597.6740,7160.8152,5901.1714,7600.2915,7470.3522,0000.4417,3830.3916,8550.3419,1450.425,029,128100.004,490,650100.0053,6151.0752,2751.16
536.1513.40
1.07%0.09407.16118.74
0.81%0.36
2020A
3.4.2
2020123120191231
%%
(1)
%%
(1)
2,017,23240.1131,8581.581,901,99442.3535,0701.84
744,22014.8022,3333.00854,12119.0224,9252.92
702,89213.985,4120.77559,58012.464,4910.80
212,7864.231,0100.47192,7504.298190.42
(2)
357,3347.103,1030.87295,5436.584,8351.64
(3)
330,7366.58––226,0405.04190.012,681,16053.3121,7570.812,362,61652.6117,1860.73
475,7289.463,0260.64405,7809.043,2840.81
1,274,81525.353,7590.291,108,14824.682,7490.25
746,68714.8512,4241.66671,09914.949,0331.35
(4)
183,9303.652,5481.39177,5893.952,1201.19
5,029,128100.0053,6151.074,490,650100.0052,2751.16
(1)(2)(3)(4)
53.31%0.70217.5745.71
0.81%0.08124.24
33.911.66%0.31
40.11%2.24
318.5832.121.58%0.26
2020A
3.4.3
2020123120191231
%%
(1)
%%
(1)
2,017,23240.1131,8581.581,901,99442.3535,0701.84
412,4248.203,4890.85337,2097.512,4750.73
390,7927.771,1900.30368,3778.201,6360.44
283,1355.6310,0573.55261,7115.8315,9436.09
170,4133.398420.49150,0833.345190.35
155,0283.086,2274.02173,3693.863,6122.08
149,7752.986,3614.25162,8573.635,2023.19
114,2942.272390.21126,7062.822290.18
103,6192.068900.8697,4752.171,2701.30
64,1351.288241.2855,9001.241,0341.85
55,2941.101450.2658,2631.302700.46
40,6760.817831.9239,1890.872,0845.32
(2)
77,6471.548111.0470,8551.587961.12330,7366.58––226,0405.04190.012,681,16053.3121,7570.812,362,61652.6117,1860.73
5,029,128100.0053,6151.074,490,650100.0052,2751.16
(1)(2)2020
2020A
3.4.4
2020123120191231
%%
(1)
%%
(1)
(2)
858,19717.0617,3252.02740,66416.4911,2091.511,037,68320.637,6340.74903,75420.138,5740.95633,00812.596,9421.10567,99712.657,0921.25882,72617.566,5550.74773,44517.227,0930.92166,6323.313,7722.26151,5873.385,1463.39510,53710.154,2470.83453,12810.093,7390.83512,10310.184,6400.91446,5209.947,3211.64129,0202.573420.27139,3413.102760.20299,2225.952,1580.72314,2147.001,8250.58
5,029,128100.0053,6151.074,490,650100.0052,2751.16
(1)(2)
0.51
3.4.5
2020123120191231
%%%%
1,758,50234.9718,7251.061,535,97734.2013,4380.87696,63413.8516,2012.33636,70914.1816,7552.631,914,65838.0713,5440.711,859,50041.4015,1030.81328,5986.535,1451.57232,4245.186,9602.99330,7366.58––226,0405.04190.01
5,029,128100.0053,6151.074,490,650100.0052,2751.16
7.23%9.41%
14.49%0.19
2020A
3.4.6
20201231
%%
A25,5093.110.51B18,0002.190.36C15,6261.900.31D12,3171.500.24E10,8181.320.22F10,1141.230.20G10,0001.220.20H9,2471.130.18I9,0201.100.18J9,0101.090.18
129,66115.792.58
255.093.11%1,296.6115.79%
16.47%2.58%
3.4.7
2020123120191231
%%
15,5840.3118,8990.42
20,1120.4020,2880.45
15,4730.3116,6570.37
5,3990.107,5190.1756,5681.1263,3631.415,029,128100.004,490,650100.00
565.6867.951.12%
0.2931.97%23.25%44.78%
901.31
3.4.8
2020123120191231
%%
24,8780.4925,0220.56
15,1690.3019,2550.43
0.49%0.07
2020A
3.4.9
7.141.026.12
18.84
3.4.10
20202019
223,097192,00046,88254,214(186)(286)8,7819,170(43,734)(32,201)(176)
234,664223,097
2,346.64
115.67437.68%10.904.67%0.30
2020A
3.5
12.29%13.98%
16.54%0.341.291.00
20201231
20191231(%)
(1)
610,092550,33910.86694,184584,43618.78821,290715,92514.724,298,8883,863,76011.26
3,731,6033,347,51511.47
75,59566,51413.65
491,690449,7319.334,964,5424,606,7867.77
12.29%
11.95%0.34
13.98%
12.69%1.29
16.54%
15.54%1.00
(2)
9,395,0268,604,5219.19
7.39%
6.79%0.60
(1) 201267
95%90%80%2020
(2) 201520152122020
7.26%6.52%6.88%
2020A
11.81%13.62%
16.29%0.331.391.02
20201231
20191231(%)
532,209478,08311.32613,444509,33620.44734,022635,97715.423,848,9273,426,51712.33
3,336,2342,960,11512.71
62,53551,11222.35
450,158415,2908.404,505,2994,163,9038.20
11.81%
11.48%0.33
13.62%
12.23%1.39
16.29%
15.27%1.02
10.68%12.16%
13.79%0.040.860.77
20201231
20191231(%)
610,092550,33910.86694,184584,43618.78787,438673,36616.945,710,5445,170,50010.44
10.68%
10.64%0.04
12.16%
11.30%0.86
13.79%
13.02%0.77
201267
2020A
10.12%11.67%
13.31%0.030.920.78
20201231
20191231(%)
532,209478,08311.32613,444509,33620.44700,171593,41817.995,258,6944,737,82710.99
10.12%
10.09%0.03
11.67%
10.75%0.92
13.31%
12.53%0.78
1,386,2141,386,214
1,981,6811,981,681
3,429,1183,429,118 1,267,7711,267,771 1,642,7191,642,719 518,628518,628
2,727,4203,147,635159,905170,10820,62422,685
2020A
755.9560.48
37.7322.7525099%10
1578361278558533641404474515
3.6
20202019
63,834156,31466,417144,72255,437122,34546,431111,9123,16911,8234,28413,069
122,440290,482117,132269,703
638.343.89%52.13%
4.571,563.148.01%53.81%0.15
34.65%0.91
2020A
3.7
3.7.1
20,463.7455
3.7.2
3.7.3
9,548236,104(235,897)9,75520,09151,843(50,588)21,346
5,42619,478(19,842)5,062
(902)37(892)
34,163307,428(306,320)35,271
35,271892
9,1451,526
2020A
3.7.4
20204,213.284,168.96
-2,407.531,701.82-2,117.87
3,222.37
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2020
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2020A
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2237
2020A
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6.1
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20035200651985819921019921019979
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2020A
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(1)
(2)
5/51/114/143/32/214/147/72/214/144/48/82/214/148/82/214/144/42/214/144/48/82/214/143/38/82/29/93/33/32/214/143/34/42/214/144/42/214/148/82/214/144/42/214/147/74/42/214/144/47/74/42/214/144/44/47/72/214/144/44/47/82/214/147/74/42/2
(1) 1430(2)
(3) 2020920209
2020A
7.4.6
3.13
3.13
202020202020
7.5
202030
2020
2020A
7.5.1
1.2.3.4.5.6.2020
3.0
7.5.2
1.2.3.4.5.2020
2020A
7.5.3
1.2.3.4.2020
H
7.5.4
1.2.3.4.5.6.2020
2020A
7.5.5
1.2.3.4.5.6.7.8.2020
2020
1. 2020
2. 2020
3. 2020
2020
2020A
7.5.6
1.2.3.4.5.6.7.8.2020
20192020
7.6
1.2.3.4.5.6.
7.7
2020A
7.7.1
7.7.2
7.7.3
202024
7.7.4
202012019
2020A
202022020
7.8
2020A
7.9
3.2915
7.10
7.11
2020
LPRA+H
11,029934
2020
2019202020192020
AH240
2020AH150202020204697
900127
e
2020A
H5
A
7.12
10%
3%
10%10%
2020A
7.13
7.14
20201231
7.15
20172020
2020
20202020
7.16
2020
2020A
2020A
?2020
2020
2020
2020A
9.1
9.2
9.3
9.4
2020A
10.1 126
10.2 131
10.3 333
2020A
(21)P00788
))202012312020
202012312020
2020A
(21)P00788
(25)
202012319(a)
4,656,668234,522
1,075,48626,206
3(7)(a)3(29)(d)
2020A
3(3)(b)
(21)P00788
(35)
2020A
(21)P00788
(45)
(1)(2)(3)(4)
(5)(6)
2020A
(21)P00788
(55)
?
2021319
2020A
20201231
20191231
13,08815,3067,9704,094
525,358552,590
103,335106,113
226,919307,433
286,262108,961
4,804,3614,277,30057(f)47,27224,2192,068,6951,804,437 10495,723398,276 111,049,280921,228 12516,553478,856 137,1396,077
14,92210,784
1,6231,925
68,15365,26917(a)14,15614,862
9,7119,713
9,9549,954
72,89365,151
86,77639,129
8,361,4487,417,240
331,622359,175
723,402555,581
143,517165,921
60,35143,43457(f)50,06123,200
142,92763,233
5,664,1354,874,98128(a)15,46211,638
18,64819,069
6,8296,48817(b)14,24214,379
8,2296,109
346,141578,191
1,073
104,45577,178
7,631,0946,799,533
2020A
20201231
20191231
25,22025,22084,05434,06535(a)34,06534,065 35(b)49,989–
67,52367,523
7,44810,441
71,15862,291
98,08290,15140(c)370,265321,610 40(b)31,60130,264
723,750611,3016,6046,4062,8512,427 61(a)3,7533,979
730,354617,707
8,361,4487,417,240
2020A
2020123120191231
12,54714,3567,8734,006
508,385549,969
73,31873,472
217,325304,396
282,240103,740
4,510,8643,968,51357(f)46,52623,7691,955,1391,720,428 10451,978378,242 111,047,040920,575 12449,428416,181 136,6935,430
57,12555,586
1,0571,203
25,03924,47917(a)13,43614,136
8,7258,694
71,04363,663
75,49429,822
7,866,1366,960,232
331,622358,728
699,161541,745
59,49473,880
36,60032,92257(f)49,62422,911
126,67355,455
5,443,1444,660,23228(a)12,1949,581
17,20517,655
6,8296,48817(b)13,46813,632
8,2016,061
291,246527,986
86,21854,604
7,181,6796,381,880
2020A
2020123120191231
25,22025,22084,05434,06535(a)34,06534,06535(b)49,989–
76,68176,681
8,1538,856
71,15862,291
94,06785,82040(c)325,124285,419 40(b)31,60130,264
684,457578,352
7,866,1366,960,232
2020A
20202019
307,425292,994
(122,394)(119,904)
185,031173,090
86,68479,047(7,198)(7,554)
79,48671,493
19,16215,771 14
142,3921,686
(273)
(1,660)
2,2023,259
6,2615,706
25,96525,120
290,482269,703
(2,478)(2,348)
(96,745)(86,541)
(64,871)(61,066)(154)(93)
(3,591)(2,608)
(167,839)(152,656)
122,643117,047
(483)(232)
122,440117,132
(24,481)(23,709)
97,95993,423
97,34292,867
3.79
3.62
2020A
20202019
97,95993,423
(2,729)1,640
1,054
(27)(102)
(2,483)
(3,198)3,759
(2,967)3,693
(231)
94,76197,182
94,37596,560
2020A
20202019
294,497278,698
(114,998)(111,502)
179,499167,196
80,68772,866(9,988)(7,082)
70,69965,784
20,00213,426
––
1,2071,042
(279)(5)
(4,733)1,1791,7713,138
17,59118,513
267,789251,493
(2,344)(2,210)
(90,459)(81,775)
(63,865)(59,162)(1)–
(79)(82)
(156,748)(143,229)
111,041108,264
(472)(232)
110,730108,161
(22,056)(22,076)
88,67486,085
2020A
20202019
(2,634)1,474
1,012
–
(643)3,181
88,03189,266
2020A
20202019
25,286–
–35,458
166,08084,676
57,488–
783,914443,748
342,879323,177
47,61216,067
1,423,259903,126
(23,480)(36,397)
–(29,541)
(34,052)–
(649,434)(509,737)
(5,967)(9,819)
(26,909)(43,625)
–(52,493)
(108,123)(108,812)
(44,016)(42,276)
(50,306)(50,865)
(59,644)(15,129)
(1,001,931)(898,694)
58(a)421,3284,432
1,104,070802,970
58,03849,221
2,3545,063
1,165,044857,293
(19,125)(23,964)
(1,385,212)(903,854)
(1,460)(46)
(1,405,797)(927,864)
(240,753)(70,571)
2020A
20202019
–
–
49,9892,761
33,60670,607
22,59227,631
213,011455,128
14,4176,509
333,833562,636
(28,992)(30,921)
(45,486)(22,363)
(413,820)(351,235)
(4,644)(4,302)
(32,321)(25,673)
(19,490)(17,337)
–(170)
(867)(185)
(545,620)(452,186)
(211,787)110,450(5,673)1,681
58(c)(36,885)45,992
589,675543,683
58(b)552,790589,675
2020A
20202019
13,231–
–34,246
–2,047
155,71689,235
57,029–
777,239419,317
325,638305,320
39,19619,6441,368,049869,809
(23,660)(36,171)
–(15,544)
(12,599)–
(663,783)(477,688)
(18,306)–
(26,462)(44,072)
–(63,478)
(105,765)(101,540)
(40,979)(39,581)
(46,798)(49,020)
(46,900)(33,158)
(985,252)(860,252)
58(a)382,7979,557
1,044,734796,718
58,62846,676
–
1,103,647843,932
(6,689)(8,453)
(1,279,803)(895,731)
–(5,287)
(1,286,492)(909,471)
(182,845)(65,539)
2020A
20202019
49,989–
20,15956,904
16,07120,139
213,011455,128
299,230532,171
(35,659)(12,302)
(25,613)(19,763)
(413,820)(351,235)
(4,400)(4,036)
(31,915)(25,377)
(16,491)(15,592)
(527,898)(428,305)
(228,668)103,866(7,122)1,590
58(c)(35,838)49,474
543,567494,093
58(b)507,729543,567
2020A
2020
20201125,22034,065–67,52310,44162,29190,151321,61030,264611,3013,9792,427617,707––49,989–(2,993)8,8677,93148,6551,337112,449(226)424112,647
–––––––97,342–97,34223438397,959––––(2,967)––––(2,967)(226)(5)(3,198)––––(2,967)––97,342–94,375837894,761––49,989––––––49,989–21850,2071.–––––––––––218218 2. 35(b)––49,989––––––49,989––49,989–––––8,8677,931(48,713)1,337(31,915)(234)(172)(32,321) 1. 38–––––8,867–(8,867)––––– 2. 39––––––7,931(7,931)––––– 3. 61––––––––––(234)–(234) 4. 201940(a)–––––––(30,264)(30,264)(30,264)–(172)(30,436) 5. 202040(b)––––––––31,601–––– 6. 40(c)–––––––(1,651)–(1,651)––(1,651)––––(26)––26–––––
––––(26)––26–––––
2020123125,22034,06549,98967,5237,44871,15898,082370,26531,601723,7503,7532,851730,354
2020A
2019
20191125,22034,06567,5236,72553,68278,542274,36123,707540,1181,1582,329543,605
–––3,7168,60911,60947,2496,55771,1832,8219874,102
––––––92,867–92,86715340393,423–––3,693––––3,6936063,759–––3,693––92,867–96,56021340997,182–––––––––2,761(168)2,593 1. ––––––––––22 2. ––––––––––(170)(170) 3. –––––––––2,761–2,761
––––8,60911,609(45,595)6,557(25,377)(153)(143)(25,673) 1. 38––––8,609–(8,609)––––– 2. 39–––––11,609(11,609)––––– 3. –––––––––(153)–(153) 4. 201840(a)––––––(23,707)(23,707)(23,707)–(143)(23,850) 5. 201940(b)–––––––30,264–––– 6. 40(c)––––––(1,670)–(1,670)––(1,670)
–––23––(23)––––– –––23––(23)–––––
2019123125,22034,06567,52310,44162,29190,151321,61030,264611,3013,9792,427617,707
2020A
2020
20201125,22034,065–76,6818,85662,29185,820285,41930,264578,352––49,989–(703)8,8678,24739,7051,337106,105
–––––––88,674–88,674––––(643)––––(643)––––(643)––88,674–88,031––49,989––––––49,989 35(b)––49,989––––––49,989–––––8,8678,247(49,029)1,337(31,915) 1. 38–––––8,867–(8,867)–– 2. 39––––––8,247(8,247)–– 3. 201940(a)–––––––(30,264)(30,264)(30,264) 4. 202040(b)––––––––31,601– 5. 40(c)–––––––(1,651)–(1,651)––––(60)––60––
––––(60)––60––
2020123125,22034,06549,98976,6818,15371,15894,067325,12431,601684,457
2019
20191125,22034,06576,6815,66853,68275,818243,32923,707514,463
–––3,1888,60910,00242,0906,55763,889
––––––86,085–86,085–––3,181––––3,181–––3,181––86,085–89,266––––8,60910,002(43,988)6,557(25,377) 1. 38––––8,609–(8,609)–– 2. 39–––––10,002(10,002)–– 3. 201840(a)––––––(23,707)(23,707)(23,707) 4. 201940(b)–––––––30,264– 5. 40(c)––––––(1,670)–(1,670)
–––7––(7)–– –––7––(7)––
2019123125,22034,06576,6818,85662,29185,820285,41930,264578,352
2020A
1.
()()A200249H2006922()2020123151
()
2.
))
152014
3.(1)
202012312020(2)
111231(3)
(a)
2020A
3.(3)
(a)
3(15)
(b)
2020A
3.(4)
3(7) 3(7) 3(7)(5)
3(6)(6)
(7)(a)
14)
2020A
3.(7)
(a)
??
??
??
???
2020A
3.
(7)(a)
22)
1212
2020A
3.(7)(a)
57(a)
57(a)
??
2020A
3.(7)
(a)
???
???
2020A
3.
(7)(a)
???
(b)
??
2020A
3.(7)(c)
()
2020A
3.(7)(c)
(d)
)
2020A
3.(7)
(d)
(i)(ii)
2020A
3.(8)
(9)(a)
(b)
3(16)3(3)(b)
2020A
3.(9)(b)
3(9)(c)3(9)(c)
3(16)(c)
2020A
3.(10)
203%4.85%
30%33%
0%5%-20%250%-20%3.4%-25%3-50%-3%20%-33%3(16)
(11)
3(16)203%
4.85%
(12)
(a)
2020A
3.(12)(a)
35,000
3(16)
2020A
3.
(12)
(a)
(b)
3(7)(a)
3(11)3(10)3(16)
2020A
3.
(13)
3(7)(14)
3(16)(250
(15)
3(16)
(16)
2020A
3.(16)
(17)
(18)(a)
()()3(7)
(b)
2020A
3.(19)
(a)
(b)
(c)
(d)
(e)
2020A
3.(19)
(e)
(20)
(a)
2020A
3.
(20)(a)
(b)
4(1)
(21)(a)
(b)
2020A
3.(21)
(c)
(d)
(e)
H()
(Black-Scholes)(22)
1.5%
(23)
(24)
2020A
3.(25)
(26)
(27)
(28)
2020A
3.(29)
(a)
(b)
(c)
??
(d)
? 12
57(a)(ii)?
57(a)(v)
2020A
3.(29)
(d)
?
57(a)(iii)?
57(a)(iv)?
57(a)(iii)?
57(a)(iii)?
57(a)(iv)(e)
(f)
(g)
2020A
4.
(1)
20193920194116%13%10%9%
6%13%9%
(2)
1% ~ 7%(3)
3% ~ 5%
(4)
(a) 202025%201925%)(b)5.
20201231
20191231
20201231
20191231
495,630472,533495,048471,771
24,40875,0778,01773,2195,0804,6975,0804,697
525,358552,590508,385549,969
1 20201231
9%5%2019123110.5%5%)
2020A
6.
20201231
20191231
20201231
20191231
(a)103,448106,30673,46073,714(a)(b)(277)(372)(252)(354)
103,171105,93473,20873,360
103,335106,11373,31873,472
(a)
20201231
20191231
20201231
20191231
55,11773,82538,73656,204
1,6942,4841,6582,457
56,81176,30940,39458,661
45,94229,92332,52615,053
–
46,63729,99733,06615,053103,448106,30673,46073,714
(265)(361)(247)(346)
(12)(11)(5)(8)
(277)(372)(252)(354)
103,171105,93473,20873,360
(b)
2020201920202019
(93)
(102)
(2)–––
2020A
7.
20201231
20191231
20201231
20191231
(a)226,516306,656216,744303,458(a)(c)(376)(338)(341)(343)
226,140306,318216,403303,115
1,115
1,281
226,919307,433217,325304,396
(a)
20201231
20191231
20201231
20191231
27,63780,25120,05174,781
108,914155,386125,636178,466
136,551235,637145,687253,247
89,96571,01965,82544,638
––5,2325,573
89,96571,01971,05750,211226,516306,656216,744303,458
(145)(58)(145)(57)
(231)(280)(196)(286)
(376)(338)(341)(343)
226,140306,318216,403303,115
(b)
20201231
20191231
20201231
20191231
196,002216,73585,698197,684 11125,96975,796124,99090,024 14,16913,7875,71515,407
226,140306,318216,403303,115
2020A
7.
(c)
2020201920202019
(68)
(75)(15)
(7)
8.
20201231
20191231
20201231
20191231
(a)286,879109,353282,867104,132(a)(d)(743)(396)(743)(396)
286,136108,957282,124103,736
286,262108,961282,240103,740
(a)
20201231
20191231
20201231
20191231
29,22716,37725,71211,177
257,15592,955257,15592,955
––
286,879109,353282,867104,132
(185)(222)(185)(222)
(558)(174)(558)(174)
(743)(396)(743)(396)
286,136108,957282,124103,736
2020A
8.
(b)
20201231
20191231
20201231
20191231
1279,446108,014275,434102,813 116,690
6,690
286,136108,957282,124103,736
(c)
20201231
20191231
20201231
20191231
278,817107,219274,805101,9987,3191,7387,3191,738
286,136108,957282,124103,736
(d)
2020201920202019
(341)
(341)
2020A
9.
(a)
20201231
20191231
20201231
20191231
(i)4,647,1404,220,7714,352,1123,916,5489,5289,5148,2608,035
4,656,6684,230,2854,360,3723,924,583(i)(234,426)(222,756)(227,979)(216,603)
(96)(143)(27)(107)
(234,522)(222,899)(228,006)(216,710)4,422,1464,007,3864,132,3663,707,873 (ii)375,359264,135371,772255,205 (iii)6,8565,7796,7265,435
4,804,3614,277,3004,510,8643,968,513
(i)
20201231
20191231
20201231
20191231
1,965,9801,858,1301,708,1591,588,5682,681,1602,362,6162,643,9532,327,955
–
–
4,647,1404,220,7714,352,1123,916,548
12(159,918)(138,803)(156,182)(135,860)
(27,401)(37,644)(26,199)(35,971)
(47,107)(46,309)(45,598)(44,772)
(234,426)(222,756)(227,979)(216,603)
4,412,7143,998,0154,124,1333,699,945
2020A
9.(a)
(ii)
20201231
20191231
20201231
20191231
44,62338,12044,29330,346
274,347204,599271,090203,597
56,38921,41656,38921,262
330,736226,015327,479224,859
375,359264,135371,772255,205
12(226)(213)(225)(212)
(12)(117)(12)(117)
–(11)–(11)
(238)(341)(237)(340)
(iii)
20201231
20191231
20201231
20191231
6,6295,7446,4995,400
6,8565,7796,7265,435
2020A
9.
(b)
(i)
2020123120191231
%%
412,42420337,20918390,79219368,37719283,13514261,71113170,4138150,0838155,0288173,3699149,7758162,8579114,2946126,7067103,619597,475564,135355,900355,294358,263340,676239,189277,647470,8554
2,017,2321001,901,994100330,736100226,0401001,274,815481,108,14847746,68728671,09928475,72818405,78017183,9306177,5898
2,681,1601002,362,616100
5,029,1281004,490,650100
2020A
9.(b)
(i)
2020123120191231
%%
342,32019322,73220334,71119263,26416274,68016255,22516145,1148162,59810144,0688158,20510130,3057113,8347100,810694,315677,857472,681458,121351,656346,317343,632334,690231,920269,958554,2523
1,758,9511001,624,314100327,479100224,8841001,264,388481,098,54747746,55928670,92129474,52818405,14917158,4786153,3387
2,643,9531002,327,955100
4,730,3831004,177,153100
2020A
9.(b)
(ii)
2020123120191231
%%
858,19717740,664161,037,68321903,75421633,00813567,99713882,72617773,44517166,6323151,5873510,53710453,12810512,10310446,52010129,0203139,3413299,2226314,2147
5,029,1281004,490,650100
2020123120191231
%%
858,25117740,720171,037,68322903,75421633,00813567,99714882,72619773,44519166,6324151,5874510,53711453,12811512,10311446,52011129,4433140,0023
4,730,3831004,177,153100
2020A
9.(b)(iii)
20201231
20191231
20201231
20191231
1,758,5021,535,9771,658,8171,493,954696,634636,709602,013579,4611,914,6581,859,5001,883,0001,687,174328,598232,424259,074191,680
4,698,3924,264,6104,402,9043,952,269
330,736226,040327,479224,884
5,029,1284,490,6504,730,3834,177,153
(iv)
20201231
11,35011,7531,53868825,3297373,9826,1652,26813,1523,1163,9014,0331,88312,9333814763,7375605,154
15,58420,11215,4735,39956,568
20191231
10,95310,2591,74567723,634
2,6083,9526,7323,51916,8114,6914,2073,8003,06815,766
6471,8704,3802557,152
18,89920,28816,6577,51963,363
2020A
9.(b)
(iv)
20201231
10,67011,5061,48768224,3456643,9816,0522,26912,9662,8103,8504,0271,86012,5472242783,7385604,800
14,36819,61515,3045,37154,658
20191231
10,89610,1521,68167123,4002,6053,9526,5413,51916,6173,6884,0653,7132,77414,2402061,8704,3382556,669
17,39520,03916,2737,21960,926
20201231
20191231
20201231
20191231
2,3083,9042,0032,880
2,4854,5442,0233,078
2020A
9.
(b)
(v)
20201231
4,517,23976,28653,6154,647,140
(159,918)(27,401)(47,107)(234,426)
4,357,32148,8856,5084,412,714
374,800559–375,359
(226)(12)–(238)
20191231
4,088,06580,14152,5654,220,771 (138,803)(37,644)(46,309)(222,756)
3,949,26242,4976,2563,998,015
263,14497219264,135 (213)(117)(11)(341)
2020A
9.(b)(v)
20201231
4,240,76359,89251,4574,352,112
(156,182)(26,199)(45,598)(227,979)
4,084,58133,6935,8594,124,133
371,213559–371,772
(225)(12)–(237)
20191231
3,795,99269,82350,7333,916,548 (135,860)(35,971)(44,772)(216,603)
3,660,13233,8525,9613,699,945
254,21497219255,205 (212)(117)(11)(340)
2020A
9.
(c)
2020
138,80337,64446,309222,756
2,636(2,571)(65)–
(552)1,398(846)–
(565)(10,698)11,263–
19,6961,65225,63546,983––(43,734)(43,734)––(186)(186)––8,7818,781
(100)(24)(50)(174)
159,91827,40147,107234,426
2019
105,97838,51747,277191,772 3,108(3,059)(49)– (605)1,375(770)– (684)(9,480)10,164–
4930,86910,27112,96154,101
––(32,201)(32,201)––(286)(286)––9,1709,1701372043200
138,80337,64446,309222,756
2020A
9.
(c)
2020
135,86035,97144,772216,603
2,453(2,388)(65)–
(445)1,174(729)–
(557)(10,204)10,761–
18,8791,64825,59846,125––(43,299)(43,299)––(186)(186)––8,7498,749
(8)(2)(3)(13)
156,18226,19945,598227,979
2019
103,42237,99045,947187,359 2,949(2,906)(43)– (512)1,279(767)– (644)(9,453)10,097–
4930,5539,04412,86552,462
––(32,196)(32,196)––(269)(269)––9,1109,110921728137
135,86035,97144,772216,603
2020A
9.(c)
2020201920202019
(101)
(103)
(2)–––
10.
20201231
20191231
20201231
20191231
(a)464,466393,038450,842376,380 (b)31,2575,2381,1361,862
495,723398,276451,978378,242
2020A
10.(a)
20201231
20191231
20201231
20191231
32,25424,67131,25824,399
4,84510,364
1,748
22,63620,64114,61415,322
71,39552,92231,3094,617
131,130108,59877,26246,086
110,56192,25861,13534,111
20,36115,17816,12710,887
1,162–1,088
131,130108,59877,26246,086
––
2,9714,084––
–––
4,0844,509
––
3,9134,088––
4,0844,509
135,214113,10777,35846,269
8,7064,2948,9484,294
6,7275,1266,6675,126
15,4339,42015,6159,420
14,2448,95014,2448,950
15,4339,42015,6159,420
2020A
10.
(a)
20201231
20191231
20201231
20191231
175,303199,817175,303199,817
3,2942,215
–
133,86167,615182,217120,874
–
1,063–––
313,819270,511357,869320,691
3,243
––
–
––
310,576269,600357,869320,691
313,819270,511357,869320,691
329,252279,931373,484330,111
464,466393,038450,842376,380
2020A
10.(b)
20201231
20191231
20201231
20191231
––
18,431
10,5671,630
1,413
2,2183,413
31,2575,2381,1361,862
28,533
––
2,7104,8301,1361,862
––
31,2575,2381,1361,862
20201231
11.
20201231
20191231
20201231
20191231
(a)(b)1,060,387921,4671,057,950920,66915,09913,82115,08513,817
1,075,486935,2881,073,035934,486 (a)(b)(c)(26,118)(13,995)(25,907)(13,846)(88)(65)(88)(65)
(26,206)(14,060)(25,995)(13,911)1,049,280921,2281,047,040920,575
2020A
11.
(a)
20201231
20191231
20201231
20191231
623,727498,310623,155498,310
252,996239,480252,825239,480
28,15733,02627,91232,765
6,5297,3545,0806,817
911,409778,170908,972777,372
906,053772,837905,159772,837
2,0643,2431,3752,621
3,2922,0902,4381,914
911,409778,170908,972777,372
916,422794,212914,964793,692
12,7251,33412,7251,334
123,681138,749123,681138,749
6,4002,6506,4002,650
5,580–5,580–
148,978143,297148,978143,297
148,978143,297148,978143,297
1,060,387921,4671,057,950920,669
12(11,832)(9,179)(11,759)(9,178)
(326)(283)(326)(283)
(13,960)(4,533)(13,822)(4,385)
1,034,269907,4721,032,043906,823
2020A
11.(b)
20201231
1,044,82697114,5901,060,387
(11,832)(326)(13,960)(26,118)
1,032,9946456301,034,269
20191231
916,2065804,681921,467
(9,179)(283)(4,533)(13,995)
907,027297148907,472
20201231
1,042,53497114,4451,057,950
(11,759)(326)(13,822)(25,907)
1,030,7756456231,032,043
20191231
915,5635804,526920,669
(9,178)(283)(4,385)(13,846)
906,385297141906,823
2020A
11.(c)
2020
9,1792834,53313,995
––––
––––
(204)–204–
2,8584310,97413,875
––(1,822)(1,822)––8080
(1)–(9)(10)
11,83232613,96026,118
2019
3,5825173,9818,080 1(1)–– –––– (2)(1)3–
495,593(232)4425,803
––(2)(2)––1051055–49
9,1792834,53313,995
2020A
11.
(c)
2020
9,1782834,38513,846
––––
––––
(204)–204–
2,7844310,97513,802––(1,822)(1,822)––80801––1
11,75932613,82225,907
2019
3,5825173,8577,956 1(1)–– –––– (2)(1)3–
495,596(232)4195,783
––1051051–12
9,1782834,38513,846
2020A
12.
20201231
20191231
20201231
20191231
(a)510,307472,586443,615410,1366,2466,2705,8136,045
516,553478,856449,428416,181
(b)(4,014)(2,600)(3,337)(1,924)(1)(1)(1)(1)
(4,015)(2,601)(3,338)(1,925)
(a)
20201231
20191231
20201231
20191231
287,007260,092265,036226,815
71,54266,31854,09856,957
97,487102,75078,72191,109
54,27143,42645,76035,255
510,307472,586443,615410,136
400,456323,090386,835318,561
64,19154,99543,55838,071
45,66094,50113,22253,504
510,307472,586443,615410,136
2020A
12.
(b)
2020201920202019
2,6001,8971,9241,380
1,492
1,453
–(3)––(78)
(40)
4,0142,6003,3371,924
13.
20201231
20191231
20201231
20191231
6,2405,4525,7944,805
7,1396,0776,6935,430
2,0232,1311,8471,758
5,0643,7494,7943,475
7,1396,0776,6935,430
2020
4332019112
26201923
2020A
14.
20201231
20191231
20201231
20191231
(a)––51,26351,263(b)12,40310,3247,6306,091(c)2,519
––
14,92210,78458,89357,354
––(1,768)(1,768)
14,92210,78457,12555,586
(a)
20201231
20191231
32,08232,082
6,0006,000
1,4871,487
3,4883,488
5,0005,000
2,8202,820
51,26351,263(1,768)(1,768)
49,49549,495
20154231,00020191226
2602020241,0002020227
1,000
2020A
14.
(a)
20201231
(i)4,129100% (ii)6,000100% (iii)1,161100% (iv)1,31055% (v)5,000100% (vi)50100% (vii)500((vii))
(i) ()
[1998] 40520147501,00020157284002016120(ii) ()[2008] 11020084
20142,0006,000(iii) ()200893053.12%
20091152009116(iv) ()201263,567,567.57ING Asset
Management B.V.21.60%201333.40%
55.00%
201311282017126054951,310(v) ()[2019]9812019111(vi) ()[2016]460201911
(CSSF)(vii) ()
[2020]70820201018
2020A
14.(b)
2020
1,1032,6001,2104,913
2020113,8314,6801,81310,324
––1010
(218)––(218)
1,2688327482,848
(125)–(23)(148)
––(447)(447)
––3434
202012314,7565,5122,13512,403
2019
1,3212,6001,2005,121
2019112,8913,9461,7858,622 ––1515 ––(142)(142) 1,0407342632,037 (100)–(23)(123) ––(22)(22) ––(63)(63)
201912313,8314,6801,81310,324
2020A
14.(b)
(i)2,800,00050.00%50.00%–(ii)3,868,96450.00%24.15%25.85%(i) () 50.00%(ii) 2015
3350%201712
6002,85915%
35%2018121,000
24.15%25.85%
(i)
2020
75,19665,2599,93723,6081,6389122,5504375629937,38632,6304,75611,8048124561,26821928150
2019
58,75251,0897,66320,1641,3787242,1025224722129,37625,5453,83110,0826893511,04026124111
2020A
14.
(b)(ii)
2020
108,88197,85811,02312,8161,6631,6632,4474450154,44148,9295,5126,4088328321,22422251
2019
92,69783,3379,36010,7401,4661,4661,0154442646,34941,6694,6805,37073473450822213
(iii)
2020
4,349–4,349748–748
2019
1,403–1,403263–263
2020A
14.(c)
20202019
1,850
1,450
(5)(1)
(135)(17)
(61)
2,519
2020
36,5572536,5824897496
2019
3,764933,857371754
2020A
15.
2020201920202019
3,5583,4881,8281,781(173)
(109)
(109)
––
3,2763,5581,7191,8281,6331,427
(72)
(42)
(74)
––
1,6531,633
1,6231,9251,0571,203
1,9252,0611,2031,262
(a) 202012312019(b)
2020123120191231
1,6141,385
2020A
16.
20201127,3562,96413,7503,31543,3096,35197,045
2901,0032,07829510,47577714,918841(860)25172–(5)173
(33)–(641)(12)(2,613)(821)(4,120)
(175)–(63)(16)(3,047)(3)(3,304)
2020123128,2793,10715,1493,75448,1246,299104,71220201110,512–10,1631,3854,5235,10031,683
1,270–1,9481723,1094436,94272–23––(23)72
(13)–(609)(5)(479)(704)(1,810)
(91)–(36)(10)(424)(3)(564)
2020123111,750–11,4891,5426,7294,81336,323202011––––93–93––––153–153––––(10)–(10)
20201231––––236–2362020123116,5293,1073,6602,21241,1591,48668,153
20201116,8442,9643,5871,93038,6931,25165,269
20191125,9231,64612,2763,29133,9046,36983,409
1,5101,5061,8824414,16872619,836104(188)–52––(32)
(244)–(427)(76)(5,249)(746)(6,742)63–1944862574
2019123127,3562,96413,7503,31543,3096,35197,0452019119,412–8,7891,2533,1695,34227,965
1,233–1,7651532,1654585,774
(18)–––––(18)
(152)–(401)(24)(878)(701)(2,156)37–103671118
2019123110,512–10,1631,3854,5235,10031,683201911–––––––
––––93–93
20191231––––93–932019123116,8442,9643,5871,93038,6931,25165,269
20191116,5111,6463,4872,03830,7351,02755,444
2020A
16.
20201124,0722,94112,6313,0736,20348,920
2909921,8832267544,145777(860)25172(5)109
(32)–(633)(11)(806)(1,482)
(1)–(2)–(2)(5)
2020123125,1063,07313,9043,4606,14451,6872020118,739–9,4631,2185,02124,4411,112–1,8081454303,49542–23–(23)42
(12)–(602)(4)(707)(1,325)
(1)–(2)–(2)(5)
202012319,880–10,6901,3594,71926,6482020123115,2263,0733,2142,1011,42525,039
20201115,3332,9413,1681,8551,18224,479
20191122,7131,62611,2613,0576,25044,907
1,5101,5041,795406925,54190(189)–52–(47)
(244)–(426)(76)(740)(1,486)3–1–15
2019123124,0722,94112,6313,0736,20348,9202019117,844–8,2201,1055,27022,439
1,069–1,6441374453,295
(24)––––(24)
(152)–(401)(24)(695)(1,272)2–––13
201912318,739–9,4631,2185,02124,4412019123115,3332,9413,1681,8551,18224,479
20191114,8691,6263,0411,95298022,468
2020A
16.
(a) 202012311,565201912312,516(b) 2020123120191231(c)
2020123120191231
5,8514,740
5,3164,677
4,8834,427
4,3034,133
3,9163,456
13,55013,057
37,81934,490
2020A
17.
(a)
20201118,60231818,623
3,888423,894(1,368)(3)(4)(1,375)
2020123121,12241621,1422020113,755153,761
4,228234,233(1,005)(1)(2)(1,008)
202012316,978266,9862020123114,14421014,156
20201114,84721314,862
20191113,6905513,700
5,4211165,438
(509)(3)(3)(515)
2019123118,60231818,623201911––––
484,173154,179
(418)––(418)
201912313,755153,7612019123114,84721314,862
20191113,6905513,700
2020A
17.(a)
20201117,7052217,7093,390223,394(1,033)(2)(1)(1,036)
2020123120,0622320,0672020113,571113,573
3,992113,994
(934)(1)(1)(936)
202012316,629116,6312020123113,4331213,436
20201114,1341114,136
20191113,0231513,029
5,1681–5,169
(486)–(3)(489)
2019123117,7052217,709201911––––
483,976113,978
(405)––(405)
201912313,571113,5732019123114,1341114,136
20191113,0231513,029
2020
2020A
17.(b)
20201231
20191231
20201231
20191231
2,8052,7292,6172,617
8,5778,4368,0577,879
1,8452,2111,8382,176
14,24214,37913,46813,632
(c)
(d) 20204,64420194,604
4,40020194,312(e) 2020123120191231
2020A
18.
2020115,9688,1611,18615,315
–1,419–1,419
(11)(4)(68)(83)
202012315,9579,5761,11816,6512020118304,2944785,602
1831,148401,371
(4)–(29)(33)
202012311,0095,4424896,940202012314,9484,1346299,711
2020115,1383,8677089,713
2019116,0746,3221,16213,558
–1,840–1,840
(112)(3)–(115)622432
201912315,9688,1611,18615,3152019116623,3194274,408
48185973411,199
(20)––(20)
321015
201912318304,2944785,602201912315,1383,8677089,713
2019115,4123,0037359,150
2020A
18.
2020115,7307,95313,683–1,3271,327–(9)(9)
202012315,7309,27115,0012020117884,2014,989
1781,1121,290
–(3)(3)
202012319665,3106,276202012314,7643,9618,725
2020114,9423,7528,694
2019115,8416,19112,032
–1,7631,763
(112)(3)(115)
201912315,7307,95313,6832019116293,2463,875
481799541,133
(20)–(20)
–11
201912317884,2014,989201912314,9423,7528,694
2019115,2122,9458,157
2020A
19.
(i)10,177––10,177(579)9,598(ii)355––355–355(iii)1––1–1
10,533––10,533(579)9,954
(i) 200893053.12%12,898
6,85110,17714(a)(ii) 2013112855.00%752
41476935514(a)(iii) 201541()100%
200893020131128201541
20201231
9%12%201912319%12%)
2020A
20.
20201231
20191231
20201231
20191231
72,89365,15171,04363,663(1,073)(956)––
71,82064,19571,04363,663
(a)
2020123120191231
245,22161,340237,14359,185
(6,673)(1,406)(8,952)(2,238)
6,3091,577(1,263)(316)
37,5929,36326,4826,621
8,6652,0197,5801,899
291,11472,893260,99065,151
––29147
(29)(6)
(6,677)(1,077)(6,376)(1,000)
(6,659)(1,073)(6,103)(956)
2020A
20.
(a)
2020123120191231
240,54260,136232,96258,241
(6,016)(1,504)(8,952)(2,238)
6,4551,613(1,151)(289)
36,7649,19126,0676,517
6,4251,6075,7261,432
284,17071,043254,65263,663
(b)
20201159,232(2,244)(313)6,62189964,195
2,1603361,8992,742287,165
–507––(3)504
(52)(3)(7)–18(44)
2020123161,340(1,404)1,5799,36394271,820
2020A
20.(b)
20191151,718(1,437)1,9114,64632557,163
7,491177(2,224)1,9755417,960–(984)––13(971)23–––2043
2019123159,232(2,244)(313)6,62189964,195
20201158,241(2,238)(289)6,5171,43263,663
1,8953401,9022,6741756,986
–394–––394
2020123160,136(1,504)1,6139,1911,60771,043
20191151,089(1,474)1,9404,57973256,866
7,152173(2,229)1,9387007,734–(937)–––(937)
2019123158,241(2,238)(289)6,5171,43263,663
25%201925%)
2020A
21.
20201231
20191231
20201231
20191231
48,42311,21947,0368,7973,128
3,128
2,9723,1482,9693,097
21(a)
––21(b)1,8131,3491,7561,2924,9853,436
––28(b)
––23,61916,92218,93014,183
86,77639,12975,49429,822
(a)
20201231
20191231
20201231
20191231
714942592820(102)(174)(102)(174)
(i) 2020228201915(ii)
2020A
21.
(b)
2020
1,139787(607)(2)1,317
210483(176)(21)496
1,3491,270(783)(23)1,813
2019
762803(434)81,139120157(49)(18)210
882960(483)(10)1,349
2020
1,086750(575)11,262
206482(173)(21)494
1,2921,232(748)(20)1,756
2019
701785(407)71,086115155(46)(18)206
816940(453)(11)1,292
2020A
22.
2020
1113,99513,87580(1,822)–(10)26,118
122,6001,492–––(78)4,014
6(b), 7(c),8(d)1,106307–––(17)1,3969(c)223,09746,8828,781(43,734)(186)(176)234,664
579–––––57921(a)1741–(73)––102
93153–––(10)2363,049168–(209)–(2)3,006
244,69362,8788,861(45,838)(186)(293)270,115
2019
118,0805,803105–(2)913,995
121,897678––(3)282,600
6(b), 7(c),8(d)1,313(208)–––11,1069(c)192,00054,2149,170(32,201)(286)200223,09719579–––––57921(a)188––(14)––17416–93––––93
3,25734–(242)––3,049
207,31460,6149,275(32,457)(291)238244,693
2020A
22.
2020
1113,84613,80280(1,822)–125,907
121,9241,453–––(40)3,337
6(b), 7(c),8(d)1,093250–––(7)1,3369(c)216,94346,0228,749(43,299)(186)(13)228,216
1,768–––––1,76821(a)1741–(73)––1022,867173–(210)–(2)2,828
238,61561,7018,829(45,404)(186)(61)263,494
2019
117,9565,783105––213,846
121,380529–––151,924
6(b), 7(c),8(d)1,302(210)–––11,0939(c)187,55252,6099,110(32,196)(269)137216,943141,768–––––1,76821(a)188––(14)––174
3,182(73)–(242)––2,867
203,32858,6389,215(32,452)(269)155238,615
2020A
23.
20201231
20191231
20201231
20191231
(a)719,764553,684695,657539,9413,6381,8973,5041,804
723,402555,581699,161541,745
(a)
20201231
20191231
20201231
20191231
143,84660,111118,43649,007
568,557478,894566,492478,798
712,403539,005684,928527,805
6,96414,63810,33212,061
7,36114,67910,72912,136
719,764553,684695,657539,941
2020A
24.
20201231
20191231
20201231
20191231
(a)143,117165,40359,44373,714
143,517165,92159,49473,880
(a)
20201231
20191231
20201231
20191231
75,76877,52624,91924,738
21,1429,13811,2408,957
96,91086,66436,15933,695
46,01178,73923,08840,019
–
–
46,20778,73923,28440,019
143,117165,40359,44373,714
2020A
25.
20201231
20191231
20201231
20191231
(a)20,99014,88820,36113,701 (b)39,36128,54616,23919,221
60,35143,43436,60032,922
(a)
20201231
20191231
20201231
20191231
20,36113,70120,36113,701
1,187––
20,99014,88820,36113,701
(b)
20201231
20191231
20201231
20191231
1,5899,2171,5899,217
20,7739,092––
13,9149,23714,0459,237
2,480
––
39,36128,54616,23919,221
202020191231
2020A
26.
20201231
20191231
20201231
20191231
(a)(b)142,88163,107126,63155,331
142,92763,233126,67355,455
(a)
20201231
20191231
20201231
20191231
136,24859,383121,38053,024
137,22859,863122,36053,504
4,8681,8454,2711,827
1,399––
5,6533,2444,2711,827
142,88163,107126,63155,331
(b)
20201231
20191231
20201231
20191231
45,68430,96245,66430,944
53,44521,94144,92117,615
4,872
2,114
4,3513,337––
108,35256,73392,69948,95734,5296,37433,9326,374
142,88163,107126,63155,331
2020A
27.
20201231
20191231
20201231
20191231
(a)5,628,3364,844,4225,407,9274,630,68835,79930,55935,21729,544
5,664,1354,874,9815,443,1444,660,232
(a)
20201231
20191231
20201231
20191231
2,306,1341,692,0682,268,4111,662,363
1,289,5561,346,0331,240,1461,294,102
3,595,6903,038,1013,508,5572,956,465
1,400,5201,171,2211,332,2411,122,166
632,126635,100567,129552,057
2,032,6461,806,3211,899,3701,674,223
5,628,3364,844,4225,407,9274,630,688
(b)
20201231
20191231
20201231
20191231
83,09562,80982,99562,80931,85929,62031,85929,62016,43719,08614,42617,18728,92326,87828,92326,87833,92924,73430,49320,734
194,243163,127188,696157,228
2020A
28.(a)
2020
(i)10,87244,407(41,124)14,155 (ii)6993,410(2,869)1,240(iii)6730(30)67
11,63847,847(44,023)15,462
2019
(i)8,29741,429(38,854)10,872 (ii)1293,966(3,396)699
(iii)4954(36)67
8,47545,449(42,286)11,638
2020A
28.(a)
2020
(i)8,84240,228(38,133)10,937 (ii)6723,344(2,826)1,190(iii)6730(30)67
9,58143,602(40,989)12,194
2019
(i)6,55938,536(36,253)8,842 (ii)893,888(3,305)672
(iii)4954(36)67
6,69742,478(39,594)9,581
2020A
28.(a)
(i)
2020
8,45134,037(31,367)11,121
694,156 (4,201)24
1072,541(2,257)391
620(20)6
779(75)112461,921(1,976)1911,9861,653(1,228)2,411
10,87244,407(41,124) 14,155
2019
6,11231,232(28,893)8,451
734,267(4,271)69 382,358(2,289)107 426(24)6 595(93)7
1982,015(1,967)2461,8671,436(1,317)1,986
8,29741,429(38,854)10,872
2020A
28.
(a)(i)
2020
6,47930,291(28,791)7,979
583,889(3,926)21
982,481(2,201)378
619(19)6
777(73)112451,861(1,915)1911,9491,610(1,208)2,351
8,84240,228(38,133)10,937
2019
4,42128,632(26,574)6,479664,074(4,082)58 332,308(2,243)98 426(24)6 593(91)7
1971,988(1,940)2451,8331,415(1,299)1,949
6,55938,536(36,253)8,842
2020A
28.(a)(ii)
2020
691,449(1,388)1306101,916(1,438)1,0882045(43)22
6993,410(2,869)1,240
2019
652,246(2,242)69
431,661(1,094)610
2159(60)20
1293,966(3,396)699
2020A
28.(a)(ii)
2020
701,429(1,373)1265821,871(1,410)1,0432044(43)21
6723,344(2,826)1,190
2019
642,214(2,208)7041,616(1,038)582
2158(59)20
893,888(3,305)672
202012%16%201912%16%)20200%8.33%20190%8.33%)
2020A
28.(a)
(iii)
2020
6730(30)67
2019
4954(36)67
20201231H
H(1)
2020
2014770.27531020157220.74331020168240.80231020178251.050310
2020A
28.(a)(iii)
(2)
20202019
18.574.14
19.005.86
14.90(1.27)
15.02(1.72)
18.342.87
18.574.14
16.051.34
13.801.08
2020123118.34201918.57
5.5520196.26
H
(3)
(Black-Scholes)
2020
29.0322.8122.9117.05
48.548.548.548.5
8.9416.0914.6625.20
36.10%36.10%36.10%36.10%
3.504.585.676.67
3.51%3.51%3.51%3.51%
1.43%1.43%1.43%1.43%
2020A
28.(a)(iii)(3)
2019
25.4423.9322.9116.7417.0911.23
40.640.640.640.640.640.6
9.6310.1910.2617.4115.9826.52
26.68%26.68%26.68%26.68%26.68%26.68%
2.333.424.505.586.677.67
3.24%3.24%3.24%3.24%3.24%3.24%
1.43%1.43%1.43%1.43%1.43%1.43%
(b)
Willis Towers Watson20201231
118%2019106%)20201231
20201231
20191231
(341)(363)
2021202020191231
2020A
28.
(b)
20202019
(12)(11)–
(12)(10)
2020123164201947
20202019
(25)(26)
––(22)
1231
20202019
(25)(26)(23)
1231
2020A
28.(b)
2020123120191231
25964.523861.86416.07319.07819.57419.2
401100.0385100.0
65201957
20201231
20191231
%%
0.4
1.6
0.1
1.7
5.0
6.0
––
20202019123129.
20201231
20191231
20201231
20191231
13,90713,90912,72012,6593,3473,0573,2092,9641,3942,1031,2762,032
18,64819,06917,20517,655
2020A
30.
20201231
20191231
20201231
20191231
5,3095,2625,3095,2621,5201,2261,5201,226
6,8296,4886,8296,488
31.
20201231
20191231
20201231
20191231
7,2365,1167,2085,068
8,2296,1098,2016,061
20201231
5,5601,0736037,236
20191231
3,3961,3074135,116
2020A
31.
20201231
5,5391,0686017,208
20191231
3,3811,3033845,068
32.
20201231
20191231
20201231
20191231
(a)34,30234,46931,68931,686(b)146,559165,602101,256122,453144,816349,284144,816349,28418,47926,00712,19022,6751,9852,8291,2951,888
346,141578,191291,246527,986
2020A
32.
(a)
2020
20201231(%)
()()()()
()
180201212285.2011,70011,693–1–11,694120201811154.6520,00019,993–2–19,995
31,686–3–31,689
2020
20201231(%)
()()()()
()
120201711223.75%5
T*+1.75%6
4002,783–(170)–2,613
2,783–(170)–2,613
* T5
2020A
32.
(b)
%
3620175224.2018,00017,991–9–(18,000)–3620176123M Libor+82.58005,579––80(5,659)–3620179144.3012,00011,994–6–(12,000)–3620188173.9530,00029,973–10––29,983(i)3620196120.253002,341–(1)71–2,411
3620196193M Libor+746004,173–(5)(248)–3,920362019753.4530,00029,990–1––29,991332019943M Libor+7460418––(26)–3923620199243.3320,00019,994–2––19,996(ii)3620209251.10400–2,718–(108)–2,610(iii)3620209250.25300–2,039(2)(82)–1,955
3620201163.4810,000–10,000(2)––9,998
122,45314,75718(313)(35,659)101,256
(i) 20201231372932019123137
(ii) 202012313019620191231(i) 202012313019620191231
2020A
32.(b)
%
60201611293.259006,268–7(402)–5,8733620173154.504,0003,999–1–(4,000)–(i)362017754.801,5001,499–1–(1,500)–(ii)3620177204.892,5002,499–1–(2,500)–
362017834.602,0001,999–1–(2,000)–(iii)3620183145.244,0003,995–4––3,999(iv)362018594.804,0003,995–4––3,999
3620187164.504,0003,994–4––3,998(v)3620193143.501,5001,497–1––1,498(vi)6020193144.00500499––––499
3620195283.683,0002,993–3––2,996(vii)6020196253.129006,231–10(398)–5,843(viii)12020196253.69100692–1(45)–648
3620197173.603,0002,992–3––2,995
12201911222.7250349––(22)(327)–(ix)1220204171.7340–2831(23)–261
12020207144.252,000–1,9911––1,992(x)6020208121.88800–5,4632(261)–5,204
12020208122.75400–2,7171(130)–2,588(xi)36202011173.854,000–3,989–––3,989
12202012281.5020–131–––131
43,50114,57446(1,281)(10,327)46,513
(i) 2020123120191231300(ii) 2020123120191231200(iii) 2020123126020191231260(iv) 2020123114020191231140(v) 2020123120191231300(vi) 2020123120191231100(vii) 2020123198639
201912315034820201231301962019123130209(viii) 2020123143282
2019123143300(ix) 2020123140
26120191231(x) 20201231
20920191231(xi) 2020123150020191231
2020A
32.(b)
2020
20201231(%)
()()
(
)()
()
362018793.723002,090––(128)1,962
2,090––(128)1,962
33.
20201231
20191231
20201231
20191231
22,5579,97120,1578,14131,20022,00031,20022,0003,128
3,128
2,0211,931––3,6102,0463,6102,046
41,81240,19427,99621,381
104,45577,17886,21854,604
34.
A20,629 H4,591
25,220
AH
2020112020123125,22025,220
2020A
35.
(a)
(i)506,597(ii)27527,468
32534,065
(i) 201710251,000
2050,000,0004.40%16.68%
(ii) 2017122227,500
100275,000,0004.81%16.68%
(1) 5.125%
A
5.125%
(2)
A
???????2020?A
?? ?
35.(b)
20201120201231
(i)––50049,98950049,989
––50049,98950049,989
(i) 2020792020
50,0001005
202079
36.
2020112020123167,52376,681
2020A
37.
2020
2,609625–(144)481–(26)3,064
3052–(9)43––73
2,639677–(153)524–(26)3,137
3,621(747)(2,970)988(2,727)(2)–894
2,3331,391–(337)1,054––3,387
(39)(42)96(27)––(66)
1,561(2,483)––(2,254)(229)–(693)
326463––463––789
7,802(1,418)(2,961)657(3,491)(231)–4,311
10,441(741)(2,961)504(2,967)(231)(26)7,448
2020A
37.
2019
1,857991–(262)729–232,609 291––1––30
1,886992–(262)730–232,639
1,9814,646(2,457)(549)1,640––3,621
1,707799–(173)626––2,333 63(114)(1)13(102)––(39) 1,130497––43166–1,561
(42)368––368––326
4,8396,196(2,458)(709)2,96366–7,802
6,7257,188(2,458)(971)3,693662310,441
2020A
37.
2020
2,641648–(147)501(60)3,082
4,074(649)(2,863)878(2,634)–1,440
1,6821,349–(337)1,012–2,694
(26)1(1)–––(26)
20622––22–228
279456––456–735
8,8561,827(2,864)394(643)(60)8,153
2020A
37.
2019
1,8471,051–(264)78772,641
2,6004,361(2,387)(500)1,474–4,074
1,165690–(173)517–1,682 (27)2(1)–1–(26) 15551––51–206
(72)351––351–279
5,6686,506(2,388)(937)3,18178,856
38.
10%
20202019
62,29153,6828,8678,609
71,15862,291
39.
2020201920202019
90,15178,54285,82075,8187,93111,6098,24710,002
98,08290,15194,06785,820
2020A
40.
(a)
20202019
20191.2030,264–20180.94–23,707
(b)
20202019
8,8678,609
7,93111,609
1.25
20191.2031,60130,264
48,39950,482
202020213192020(c)
2020201920202019
321,610274,361285,419243,32997,34292,86788,67486,085
(8,867)(8,609)(8,867)(8,609)
39(7,931)(11,609)(8,247)(10,002)
40(a)(30,264)(23,707)(30,264)(23,707)
(1,651)(1,670)(1,651)(1,670)
(23)
(7)
370,265321,610325,124285,419
202012311,78020191,337
2020A
41.
2020201920202019
236,104221,979224,613209,541
80,57578,91470,10367,387
147,704134,763146,895134,045
7,8258,3027,6158,1097,4757,7597,4427,7431,6951,8821,2131,0445,9068,1706,1188,3324,4024,3024,3654,29251,84348,90250,74647,746
14,02313,82112,96612,690
37,82035,08137,78035,056
307,425292,994294,497278,698
202012311862019286
201959,17520199,577
42.
2020201920202019
83,25273,43080,99070,7268,4139,2078,4099,2009,96110,2699,46410,0153,7506,4061,2753,0681,7702,4041,5212,23714,65217,63112,77415,727
122,394119,904114,998111,502
2020A
43.
2020201920202019
19,55119,55119,47419,44612,65111,49212,60111,46118,50713,68117,38312,7996,1916,3105,3014,48326,74223,56023,63021,1023,0424,4532,2983,575
86,68479,04780,68772,866
44.
2020201920202019
13,40011,03015,6989,297
(273)
(279)(5)
2,9702,4572,8632,387
1,6601,9411,6601,941
2,8841,9371,5571,595
19,16215,77120,00213,426
2020A
45.
2020201920202019
(2,099)1,112(5,199)1,811
(255)
(159)
(473)
(473)
(1,660)
(4,733)1,179
46.
2020201920202019
5,2784,488
–
6,2615,706
47.
2020201920202019
1,1131,0211,062
2,4782,3482,3442,210
2020A
48.
2020201920202019
43,25737,26739,51134,673
6,0486,4705,9206,315
7,7357,7027,3617,477
57,04051,43952,79248,465
3,8333,6093,4953,2951,3711,1991,2901,1334,2334,1793,9943,978
29,97625,81328,61924,628
96,74586,54190,45981,775
49.
2020201920202019
9(c)46,88254,21446,02252,609
(208)
(210)11(c)13,8755,80313,8025,783 12(b)1,492
1,453
2,147
2,165
(73)
64,87161,06663,86559,162
50.
2020201920202019
3,1092,165––
––
––
3,5912,608
2020A
51.
(a)
2020201920202019
30,57430,29628,45929,130
1,243
31,64631,66929,04229,810(7,165)(7,960)(6,986)(7,734)
24,48123,70922,05622,076
(b)
2020201920202019
122,440117,132110,730108,16125%201925%)
30,61029,28327,68327,039
1,298
(10,568)(7,738)(9,990)(7,019)
(458)(417)––
4,0551,3204,0551,320
(72)(37)––
24,48123,70922,05622,076
(i) 202025%201925%)(ii)
2020A
52.
2010
2020
(%)
95,69115.733.793.79 95,52715.703.793.79
2019
(%)
91,19716.843.623.62 90,50816.713.593.59
(a)
20202019
97,34292,867(1,651)(1,670)95,69191,19725,22025,220
3.79
3.62
95,52790,508
3.79
3.59
2017
202012312019123120202019
20202019
95,69191,197
(164)(689)
95,52790,508
2020A
52.
(b)
20202019
95,69191,197608,466541,645(%)
15.73
16.84
95,52790,508 (%)
15.70
16.71
53.
(1)
(2)
(3)
2020201910%
2020A
53.
(a)
20202019202020192020201920202019
16,82818,083124,362116,42143,84138,586185,031173,09065,46157,697(21,019)(19,656)(44,442)(38,041)––
82,28975,780103,34396,765(601)
185,031173,09024,01721,24651,42646,7244,0433,52379,48671,49316,03914,8861,5451,2338,3819,00125,96525,120
––––2,8811,7232,8811,723
122,345111,912156,314144,72211,82313,069290,482269,703
(1,475)(1,401)(2,297)(2,112)(3,336)(2,432)(7,108)(5,945)
(1,649)(1,655)(2,377)(2,366)(207)(158)(4,233)(4,179)
(28,317)(30,642)(36,640)(27,911)(68)(2,606)(65,025)(61,159)
(35,151)(31,703)(51,140)(45,910)(5,182)(3,760)(91,473)(81,373)
(66,592)(65,401)(92,454)(78,299)(8,793)(8,956)(167,839)(152,656)
(481)(188)(39)(14)
(30)(483)(232)
55,43746,43163,83466,4173,1694,284122,440117,132
(i)2,5503,3303,7384,77610,83514,37317,12322,479
20201231
20191231
20201231
20191231
20201231
20191231
20201231
20191231
4,489,8683,194,5512,617,1092,307,4391,163,0071,831,8268,269,9847,333,816
4,477,9183,737,6612,075,6801,846,913995,6211,147,9237,549,2196,732,497
––––14,92210,78414,92210,784
(i)
2020A
53.
(b)
20202019
290,482269,703––
290,482269,703
122,440117,132––
122,440117,132
8,269,9847,333,8169,9549,954
72,89365,1517,9887,611
8,361,4487,417,240
7,549,2196,732,49718,64819,06963,22747,967
7,631,0946,799,533
2020A
53.(c)
–––––––––
20201231
20191231
20201231
20191231
20201231
201912312020201920202019
3,779,9143,306,0573,249,9982,856,65940,75737,82119,61116,363127,925112,1471,045,508912,2271,026,332893,4546,1496,17724,29724,63435,90433,890640,583582,344625,403570,6474,5254,70119,82915,80928,28627,134
896,144795,968871,249778,8664,2634,55621,60621,65732,60331,596165,961150,072164,666147,5841,7902,0061,8543,2715,7896,007513,998457,081504,742449,5974,1324,34412,22710,28218,05117,006517,523444,856508,471436,5754,1504,69211,61110,88018,34017,365220,214238,988215,032233,4021,0531,3441,6502,6692,8253,722581,603529,647465,201432,74953,01748,0059,75511,56720,75920,836
8,361,4487,417,2407,631,0946,799,533119,836113,646122,440117,132290,482269,703
2020A
54.
(a)
2020201920202019
329,611356,520329,611356,073142,88163,107126,63155,331
472,492419,627456,242411,404
17,19810,90817,1982,843
342,142229,202332,693229,045
34,64721,90734,64721,889
120,238280,999104,737280,999
514,225543,016489,275534,776
(b)
20201231
201912312020123120191231
2020A
55.
(a)
20201231
212,580508265213,353
95,914399396,316
116,666109262117,037120,7482413120,992265,2131,671292267,176206,5243,13245209,701 1117,71219845117,955 188,8122,934–91,7461,128,1526,4681131,134,733
100,419––100,419
2,033,63612,0207182,046,374
20191231
200,0211,129277201,427101,4779513102,431 98,54417827498,996
80,3547885681,198269,0553,63077272,762187,404334284188,022 1100,09014371100,304 187,31419121387,718
954,5556,130100960,785
75,119––75,119
1,766,50812,0117941,779,313
2020A
55.(a)
2020123112,965201912319,3686,516201912312,068
101,5112019123169,762
20201231
220,168326265220,759105,1212173105,341
115,047109262115,418123,2942343123,531265,0751,670292267,037197,97922543198,247 1112,88019843113,121 185,09927–85,1261,124,6436,3181081,131,069100,419––100,419
2,031,5788,7737112,041,062
20191231
222,8301,122277224,229125,9109443126,857 96,92017827497,372
83,399786384,188268,8673,63077272,574173,85017323174,046 197,6171412397,781 176,23332–76,265
948,5015,92595954,521
75,119––75,119
1,772,56611,6364751,784,677
2020A
55.(a)
2020123112,091201912318,8079,929201912315,618
101,5112019123169,763
202012313,606,998201912312,829,535
2020201920202019
470,782444,075462,438434,407
20144(b)
2020201920202019
12,85116,947
13,14517,267
(c)
202012315732019
1231778
2020A
55.(d)
2020201920202019
27,09527,36327,09527,363
56.(a)
2020201920202019
264,107320,404264,013320,307
(264,107)(320,404)(264,013)(320,307)
(b)
2020A
56.(b)
2020201920202019
2,386,0852,090,6191,678,2152,090,619
57.
(a)
2020A
57.(a)
(i)
(ii)
57(a)(i)
i)ii)iii
2020A
57.
(a)(iii)
? (PD)12? (LGD)? (EAD)
(iv)
GDP
5.40%
13.10%
2020123110%10%1%10%10%
2.5%
20201231
(v)
(vi)
55(a)20201231
10,192,92720198,997,3789,708,10720198,556,848
2020A
57.(a)(vii)
2020123124,8782019123125,022
(viii)
2020201920202019
(673)(835)(535)(687)
AAA786,800627,660745,296590,078AAAA+237,94749,983211,08110,464AA+388,554557,357349,456529,641A-78,26720,03970,66113,346107,279118,11769,562100,647(7,233)(3,700)(7,018)(3,700)
1,591,6141,369,4561,439,0381,240,4761,591,6301,369,4771,439,0471,240,490
1,290,84320191,099,430(ix)
20201231
20191231
20201231
20191231
7,3588,4956,8496,939
2020A
57.(a)(x)
2020
4,088,06580,14152,5654,220,771
471,854(8,929)7,178470,103
10,882(10,782)(100)–
(31,708)32,735(1,027)–
(21,854)(16,879)38,733–
––(43,734)(43,734)
4,517,23976,28653,6154,647,140
2019
3,610,71190,94253,6113,755,264505,432(8,476)752497,708 26,138(26,034)(104)– (39,048)40,213(1,165)– (15,168)(16,504)31,672–
––(32,201)(32,201)
4,088,06580,14152,5654,220,771
2020A
57.(a)(x)
2020
3,795,99269,82350,7333,916,548
483,122(12,046)7,787478,863
8,694(8,597)(97)–
(25,894)26,735(841)–
(21,151)(16,023)37,174–––(43,299)(43,299)
4,240,76359,89251,4574,352,112
2019
3,351,14082,80851,6403,485,588468,888(7,224)1,492463,156 16,358(16,298)(60)– (25,926)26,992(1,066)– (14,468)(16,455)30,923–
––(32,196)(32,196)
3,795,99269,82350,7333,916,548
2020A
57.(a)(x)
2020
916,2065804,681921,467129,902(29)10,869140,742
––––
(420)420––
(862)–862–––(1,822)(1,822)
1,044,82697114,5901,060,387
2019
906,0281,0374,283911,34810,293(456)28210,119 3(3)–– (9)9–– (109)(7)116–
916,2065804,681921,467
2020A
57.(a)
(x)
2020
915,5635804,526920,669128,253(29)10,879139,103
––––
––––
(420)420––
(862)–862–––(1,822)(1,822)
1,042,53497114,4451,057,950
2019
905,4801,0374,110910,627
10,198(456)30010,042 3(3)–– (9)9–– (109)(7)116–
915,5635804,526920,669
2020A
57.
(a)
(xi)
20201231
538,206––538,206––––103,437–11103,448(266)–(11)(277)225,4111,105–226,516(345)(31)–(376)286,739–140286,879(603)–(140)(743)
509,76714526510,307(2,915)–(1,099)(4,014)
20191231
567,613––567,613––––106,295–11106,306(361)–(11)(372)306,656––306,656(338)––(338)109,153–200109,353(196)–(200)(396) 472,11248426472,586(1,667)(5)(928)(2,600)
2020A
57.
(a)(xi)
20201231
520,692––520,692––––
73,449–1173,460(241)–(11)(252)216,644100–216,744(321)(20)–(341)282,727–140282,867(603)–(140)(743)
443,07514526443,615(2,862)–(475)(3,337)
20191231
564,043––564,043––––
73,703–1173,714(343)–(11)(354)303,458––303,458(343)––(343)103,932–200104,132(196)–(200)(396) 409,82948259410,136(1,655)(5)(264)(1,924)
2020A
57.(b)
(i)
(1)
(VaR
2020A
57.(b)(i)
(2)
2020
482,88531,30221,4462,573538,2064,78625,419430,766142,36226,58215,737615,44721,76931,5074,424,048193,624134,44342,8144,794,92929,606159,3501,955,09598,39427,11014,1112,094,71015,04532,132(i)211,54989,61313,0993,895318,15613,70115,525
7,504,343555,295222,68079,1308,361,44884,907263,933
1,222,00690,23413,12210,0111,335,37313,79815,5535,079,939354,012158,22836,1575,628,33654,132187,541
80,80226,9582,432220110,4124,1222,883291,53648,2939023,425344,1567,3841,069(i)185,52215,5928,5233,180212,8172,38410,102
6,859,805535,089183,20752,9937,631,09481,820217,148
644,53820,20639,47326,137730,3543,08746,785
(ii)1,917,05089,59121,90117,8322,046,37413,69925,958
524,948499,70819,34613,5951,057,59776,41022,930
(449,079)(425,752)(13,061)(26,723)(914,615)(65,102)(15,481)
(46,676)20,5701845,82119,7333,14521
29,19394,5266,30332,693162,71514,4537,470
2020A
57.
(b)
(i)(2)
2019
510,98148,6584,6333,341567,6136,9855,178377,581115,48616,11512,027521,20916,57818,0133,887,465204,764135,62640,0744,267,92929,394151,6051,665,62986,16943,24713,5851,808,63012,36948,343(i)180,11354,85514,8702,021251,8597,87616,621
6,621,769509,932214,49171,0487,417,24073,202239,7601,010,944105,4517,92814,3911,138,71415,1378,8614,360,070288,454163,25132,6474,844,42241,408182,485 40,98924,3691,2472966,6343,4971,394
518,42247,0564,2855,599575,3626,7554,790(i)146,1018,21018,8021,288174,4011,17921,016
6,076,526473,540195,51353,9546,799,53367,976218,546
545,24336,39218,97817,094617,7075,22621,214
(ii)1,648,24886,41528,35116,2991,779,31312,40531,692 435,138443,11147,51712,180937,94663,60953,116 (399,138)(350,229)(3,647)(13,838)(766,852)(50,275)(4,077) (15,493)15,472(255)1,8611,5852,221(285)
20,507108,35443,615203172,67915,55548,754
(i)(ii)
2020A
57.(b)(i)
(2)
2020
482,16931,1924,9172,414520,6924,7705,827431,539120,8376,13813,221571,73518,4777,2754,289,070132,33542,62638,6004,502,63120,23550,5221,897,23669,7857,5046,3301,980,85510,6718,894(i)209,53943,11334,2353,336290,2236,37340,528
7,309,553397,26295,42063,9017,866,13660,526113,046
1,154,23043,9795,7837,3501,211,3426,7256,8545,038,247310,06437,55122,0655,407,92747,41244,507
59,88224,1102,2013186,2243,6862,608266,47219,2804813,718289,9512,948570(i)173,2687,9422,0133,012186,2359962,337
6,692,099405,37548,02936,1767,181,67961,76756,876
617,454(8,113)47,39127,725684,457(1,241)56,170
(ii)1,916,35893,71613,38117,6072,041,06214,33015,860
506,141481,6168,8866,4771,003,12073,64410,532
(476,031)(458,878)(13,242)(32,231)(980,382)(70,167)(15,695)
(46,665)20,5881445,79619,7333,14817
(16,555)43,326(4,342)20,04242,4716,625(5,146)
2020A
57.
(b)(i)(2)
2019
510,20648,5582,2503,029564,0436,9712,515372,91790,0139,4147,867480,21112,92110,5233,753,009127,61344,43235,5313,960,58518,31949,6671,648,82262,7615,4327,3851,724,4009,0086,073(i)182,68611,82735,0091,471230,9931,69939,135
6,467,640340,77296,53755,2836,960,23248,918107,913
953,99855,7832,09113,1871,025,0598,0072,3364,328,690236,75445,21920,0254,630,68833,98650,547 32,07822,9108232255,8333,289920
489,76326,5824,1545,599526,0983,8164,643(i)137,5583,1422,3101,192144,2024251,842
5,942,087345,17154,59740,0256,381,88049,52360,288
525,553(4,399)41,94015,258578,352(605)47,625
(ii)1,641,744105,21219,12618,5951,784,67715,10321,379 426,433423,88715,5066,140871,96660,84917,333 (411,679)(404,375)(11,001)(20,745)(847,800)(58,048)(12,297) (15,490)15,424(187)1,8401,5872,214(209)
(736)34,9364,318(12,765)25,7535,0154,827
(i)(ii)
2020A
57.(b)
(i)(2)
2020123120191231
20202019
1%1%1%1%
(232)232
(145)145
(232)232
(145)145
(ii)
(1)
2020A
57.(b)(ii)
(2)
NIIEVE2020
(RFRs)(IBOR)
2020
31155
538,206525,118–––13,088615,447524,01087,2133,840384–(i)4,794,9291,861,0762,496,358365,52471,971–2,094,710351,146 369,495781,707524,73767,625(ii)318,156––––318,156
8,361,4483,261,350 2,953,0661,151,071597,092398,869
1,335,373952,312351,96114,1523,61913,3295,628,3364,387,216599,077638,4192923,332
110,4124606,3368,36713095,11914,2421,0152,8058,5771,845–344,156110,389105,553120,6557,559–(ii)198,57576315–4197,793
7,631,0945,452,1551,065,747790,17013,449309,573
730,354(2,190,805)1,887,319360,901583,64389,296
2020A
57.(b)
(ii)(2)
2019
31155
567,613552,307–––15,306521,209454,18657,02310,000––(i)4,267,9291,787,1572,207,931215,67257,169–
1,808,630273,258348,706742,595403,76240,309(ii)251,859––––251,859
7,417,2403,066,9082,613,660968,267460,931307,474
1,138,714828,647297,8553,9361,5076,769
4,844,4223,642,086559,236630,1931,24811,659 66,63441520110,093–55,925
14,3791,0032,7298,4362,211–575,362117,570302,061120,86934,862–(ii)160,0221,125–––158,897
6,799,5334,590,8461,162,082773,52739,828233,250
617,707(1,523,938)1,451,578194,740421,10374,224
2020A
57.
(b)(ii)(2)
2020
31155
520,692508,145–––12,547571,735489,72276,2985,715––(i)4,502,6311,684,6142,419,356337,25961,402–1,980,855359,245321,281723,328522,14754,854(ii)290,223––––290,223
7,866,1363,041,7262,816,9351,066,302583,549357,6241,211,342899,875311,178289––5,407,9274,206,515566,103635,017292–
86,224–6,0918,498–71,63513,4689562,6178,0571,838–289,951100,36289,72999,860––(ii)172,767––––172,767
7,181,6795,207,708975,718751,7212,130244,402
684,457(2,165,982)1,841,217314,581581,419113,222
2020A
57.(b)(ii)(2)
2019
31155
564,043549,687–––14,356480,211412,05052,75415,407––(i)3,960,5851,557,3112,148,847205,58548,842–
1,724,400291,649315,885688,077398,27430,515(ii)230,993––––230,993
6,960,2322,810,6972,517,486909,069447,116275,864
1,025,059744,834280,225–––
4,630,6883,474,033530,066625,880709– 55,833150–9,816–45,867
13,6329602,6177,8792,176–526,098112,112294,34487,95531,687–(ii)130,570––––130,570
6,381,8804,332,0891,107,252731,53034,572176,437
578,352(1,521,392)1,410,234177,539412,54499,427
(i) 32020123120191231(ii)
2020123120191231
20202019
25(25)25(25)
(3,266)3,266(2,243)2,243
(3,671)3,700(3,701)4,067
2020A
57.(c)
(ALCO)
ALCO
2020A
57.(c)
2020
11331155
(i)37,496–––––500,710–538,20691,085369,35562,20188,2134,169384–40615,447–488,169311,3341,201,3471,298,8661,469,89012,17813,1454,794,929(ii)5,409183,039135,457383,294842,201535,7087,7101,8922,094,710(iv)70,3256,0359,7207,17025,8065,824190,0063,270318,156
204,3151,046,598518,7121,680,0242,171,0422,011,806710,60418,3478,361,448
542,955251,299171,884351,46414,1523,619––1,335,373(iii)3,704,751326,452354,084600,093642,047909––5,628,336
14,2648,77710,74532,99420,37423,258––110,412–5274882,8058,5771,845––14,242–61,16745,304105,552124,5747,559––344,156(iv)99,35148,61315,63225,0818,895632371–198,575
4,361,321696,835598,1371,117,989818,61937,822371–7,631,094
(4,157,006)349,763(79,425)562,0351,352,4231,973,984 710,23318,347730,354
2020A
57.
(c)
2019
11331155
(i)90,384–––––477,229–567,613
75,300218,574158,03058,60610,518181––521,209–410,349355,8911,217,5031,119,4541,149,038–15,6944,267,929(ii)6,597118,97795,402382,935789,737406,2247,6051,1531,808,630(iv)26,9068,4267,48019,95413,9291,627169,6263,911251,859
199,187756,326616,8031,678,9981,933,6381,557,070654,46020,7587,417,240440,699237,753133,511303,65116,7656,335––1,138,714(iii)2,863,156360,013426,827561,032632,1461,248––4,844,422 9,39113,0297,7546,80623,5586,096––66,634
–5274762,7298,4362,211––14,379–12,008105,563302,062120,86734,862––575,362(iv)91,86231,43910,10016,1266,7482553,492–160,022
3,405,108654,769684,2311,192,406808,52051,0073,492–6,799,533
(3,205,921)101,557(67,428)486,5921,125,1181,506,063650,96820,758617,707
2020A
57.(c)
2020
11331155
(i)20,564–––––500,128–520,69268,282361,23160,17376,2945,715––40571,735–477,359290,5241,136,5801,168,0211,418,753–11,3944,502,631(ii)265224,594115,046328,888770,956532,5216,6931,8921,980,855(iv)70,6273,3788,8386,14419,9975,632172,6382,969290,223
159,7381,066,562474,5811,547,9061,964,6891,956,906679,45916,2957,866,136535,779217,405146,691311,178289–––1,211,342(iii)3,598,192295,011311,363566,045637,024292––5,407,927
14,2468,7619,99032,69120,45878––86,224–5084482,6178,0571,838––13,468–61,16735,27689,729103,779–––289,951(iv)96,00441,27313,45717,4144,619–––172,767
4,244,221624,125517,2251,019,674774,2262,208––7,181,679
(4,084,483)442,437(42,644)528,2321,190,4631,954,698679,45916,295684,457
2020A
57.(c)
2019
11331155
(i)87,574–––––476,469–564,043
50,381305,91655,67252,75315,40782––480,211–389,928338,8161,147,017972,5681,100,302–11,9543,960,585(ii)–167,73680,092347,102722,470400,6065,4309641,724,400(iv)27,2024,8916,21117,73910,0081,772159,1654,005230,993
165,157868,471480,7911,564,6111,720,4531,502,762641,06416,9236,960,232444,937208,37191,526280,225––––1,025,059(iii)2,784,691312,325373,972531,566627,425709––4,630,688 8,47912,9327,4546,36420,56836––55,833
–5134472,6177,8792,176––13,632–12,008100,104294,34487,95531,687––526,098(iv)77,89426,3027,54812,8805,707239––130,570
3,316,001572,451581,0511,127,996749,53434,847––6,381,880
(3,150,844)296,020(100,260)436,615970,9191,467,915641,06416,923578,352
(i)(ii)(iii)(iv)
2020A
57.(c)
2020
11331155
538,206538,20637,496–––––500,710–615,447617,38198,708369,52955,85688,8474,017384–404,794,7026,066,759–506,096350,5841,372,7401,700,7552,109,99912,17814,4072,047,4382,513,3185,196266,655155,314464,7501,031,094579,9238,4941,892
126,744125,44170,3256,0269,6767,01518,02528411,1182,972
8,122,5379,861,105211,7251,148,306571,4301,933,3522,753,8912,690,590532,50019,3111,335,3731,346,594543,102252,465174,326357,75915,1603,782––5,628,3365,696,9863,704,881316,664350,989617,139706,355958––
60,35161,04314,2196,3081,0987,4138,82823,177––14,24215,705–5244842,8369,5862,275––344,156366,059–61,27445,680111,340139,1398,626––163,392164,43267,47448,17015,62923,4778,679632371–
7,545,8507,650,8194,329,676685,405588,2061,119,964887,74739,450371–
1,344,4341,344,434–––––––
2019
11331155
567,613567,61390,384–––––477,229–521,209523,74075,300326,80151,24259,10911,107181––4,267,9295,163,254–425,241389,1081,360,7911,435,5901,536,707–15,8171,784,4112,037,8716,597119,131101,781411,428893,361496,1518,2761,14672,87073,41327,1967,9677,39011,3427,4761,6276,5043,911
7,214,0328,365,891199,477879,140549,5211,842,6702,347,5342,034,666492,00920,8741,138,7141,187,903440,802253,535153,219315,17418,2306,943––4,844,4224,993,2932,906,977364,336434,185581,100705,0951,600–– 43,43444,2339,39110,2023,9411,09413,5456,060––
14,37915,858–5254752,7689,4452,645––575,362599,308–12,541107,009306,506132,56040,692––128,346129,31861,35630,7789,32615,1717,4862454,956–
6,744,6576,969,9133,418,526671,917708,1551,221,813886,36158,1854,956–
1,148,8071,148,807–––––––
2020A
57.(c)
2020
11331155
520,692520,69220,564–––––500,128–571,735573,87668,282361,35260,39077,7866,026––404,502,4045,774,461–494,525327,5501,305,3021,567,1092,068,581–11,3941,934,3282,395,763–307,323135,117410,674957,439576,6266,6921,892113,798112,04270,6273,3728,8025,84912,4071237,8932,969
7,642,9579,376,834159,4731,166,572531,8591,799,6112,542,9812,645,330514,71316,2951,211,3421,218,750535,924218,195148,406316,225––––5,407,9275,475,7153,598,323285,101307,996582,728701,226341––
36,60037,28014,2196,2776687,1628,954–––13,46814,786–5084492,6718,8892,269––289,951306,461–61,17335,28494,186115,818–––143,368143,36866,60541,27313,45717,4144,619–––
7,102,6567,196,3604,215,071612,527506,2601,020,386839,5062,610––
1,329,3161,329,316–––––––
2019
11331155
564,043564,04387,574–––––476,469–480,211483,12850,381305,99355,97954,06916,62482––3,960,5854,833,100–404,673370,4681,285,0121,273,7131,487,280–11,9541,700,6311,946,566–169,02485,305375,780821,375488,6885,43096463,23261,94027,1944,8675,9009,8694,0851,7724,2484,005
6,768,7027,888,777165,149884,557517,6521,724,7302,115,7971,977,822486,14716,9231,025,0591,069,475445,041223,172110,572290,690––––4,630,6884,778,0542,828,503316,372380,805551,014700,2991,061–– 32,92233,6988,47910,1433,73573010,611–––
13,63214,964–5134502,6738,7192,609––526,098547,069–12,541101,139298,24097,98437,165––103,334103,33450,65826,3027,54812,8805,707239––
6,331,7336,546,5943,332,681589,043604,2491,156,227823,32041,074––
1,128,5671,128,567–––––––
2020A
57.(d)
(e)
2020A
57.(e)
(f)
2020A
57.(f)
2020
331155
561,5221,223,9771,499,1102,9133,287,52212,559(12,318) ––65–656(3) 899––98–– 2208,410––8,6303(6)
561,8311,232,3961,499,1752,9133,296,31512,568(12,327)
58,15531,2801,4522,70393,5901,691(1,461) 440,943477,29812,789867931,89720,063(20,136) 17706––723–– 130,903104,921 3,068–238,89211,344(14,623)
630,018614,20517,3093,5701,265,10233,098(36,220)
48867,353––67,841490– 48867,353––67,841–(464) 4,9483,929631–9,5081,048(987)
5,924138,635631–145,1901,538(1,451)
321,0302,8718194,752–(15)
4719091,358–2,738–(47)
–1,49974–1,57368(1)
4712,4081,432–4,31168(48)
47,272(50,061)
2020A
57.
(f)
2019
331155
775,7202,143,1461,723,4691,2724,643,60710,960(10,676)
48834835–87117(14)
10–––10––
––279–2791–
776,2182,143,4941,723,7831,2724,644,76710,978(10,690)
36,6367,00780321,54165,987569(477)
428,898390,66412,5411,315833,4188,595(7,781)
3802,564––2,944––
124,262103,3545,183–232,7993,313(3,498)
590,176503,58918,52722,8561,135,14812,477(11,756)
1,4235,11356,447–62,983507–
1,4235,11356,447–62,983–(507)
1,608573539–2,720241(213)
697836––1,5332–
5,15111,635113,433–130,219750(720)
556,5495072097,3205–
6341,2712,577–4,4827(34)
––586–5862–
6341,2713,163–5,0689(34)
24,219(23,200)
2019
2020A
57.
(f)
2020
331155
561,5221,207,7451,497,1882,9133,269,36812,526(12,232) ––65–656(3) 899––98–– 2208,410––8,6303(6)
561,8311,216,1641,497,2532,9133,278,16112,535(12,241)
55,4228,6201,4522,70368,197825(628) 423,653490,23612,789867927,54520,287(20,646) 17706––723–– 130,461104,9033,068–238,43211,341(14,621)
609,553604,46517,3093,5701,234,89732,453(35,895)
48867,353––67,841490– 48867,353––67,841–(464) 4,9483,929631–9,5081,048(987)
5,924138,635631–145,1901,538(1,451)
––100–100––
471–714–1,185–(36)
–11174–185–(1)
471111788–1,370–(37)
46,526(49,624)
2020A
57.(f)
2019
331155
775,7202,137,6881,711,2671,2724,625,94710,871(10,551)
48834835–87117(14)
10–––10––
––279–2791–
776,2182,138,0361,711,5811,2724,627,10710,889(10,565)
33,82417,30780321,54173,475513(444)
393,457379,21811,9031,315785,8938,307(7,664)
3802,564––2,944––
123,824103,3515,183–232,3583,311(3,495)
551,485502,44017,88922,8561,094,67012,131(11,603)
1,3235,10956,447–62,879503–
1,3235,10956,447–62,879–(503)
1,608573539–2,720241(213)
697836––1,5332–
4,95111,627113,433–130,011746(716)
–350––3501–
279–984–1,263–(27)
––586–5862–
279–1,570–1,8492(27)
23,769(22,911)
2020A
57.
(f)
2020123120191231
5,5746,404
3,8044,4396,01110,517
15,65521,617
(g)(i)
???
2020A
57.(g)
(ii)
2020
123123
24,267121,840456146,56319,01873,48337692,877
96––9696––96
8367761,7383,350––7171
84136,229519136,832–182,217–182,217
–1,259–1,259–278–278
–175,303–175,303–175,303–175,303
–1,063–1,063––––
25,283436,4702,713464,46619,114431,281447450,842
2,61828,6251431,2571,136––1,136–47,272–47,272–46,526–46,526
––6,8566,856––6,7266,726
109,282407,271–516,55359,622389,806–449,428
–331,07044,289375,359–327,47944,293371,772
2,075–5,0647,1391,898–4,7956,693
139,2581,250,70858,9361,448,90281,7701,195,09256,2611,333,123
20,361––20,36120,361––20,361
130499–629––––
20,491499–20,99020,361––20,361
1,589––1,5891,589––1,589
–605–605–605–605
13,914––13,91414,045––14,045
–17,6045,64923,253––––
15,50318,2095,64939,36115,634605–16,239–50,061–50,061–49,624–49,624
35,99468,7695,649110,41235,99550,229–86,224
2020A
57.
(g)
(ii)
2019
123123
17,336100,304378118,01811,54543,63332855,506 183––183183––183 1,142–1,3152,457–––– 4371,24241471,699–120,874–120,874 –20844864–––– –199,817–199,817–199,817–199,817
18,704371,3832,951393,03811,728364,324328376,380
4,830391175,2381,862––1,862
–24,219–24,219–23,769–23,769 ––5,7795,779––5,4355,435 104,530374,326–478,85653,411362,770–416,181 –233,78930,346264,135–224,85930,346255,205 2,329–3,7486,0771,955–3,4755,430
130,3931,004,10842,8411,177,34268,956975,72239,5841,084,262
13,701––13,70113,701––13,701 1,187––1,187––––
14,888––14,88813,701––13,701
9,217––9,2179,217––9,217 –767–767–767–767 9,237––9,2379,237––9,237 –6,2203,1059,325––––
18,4546,9873,10528,54618,454767–19,221
–23,200–23,200–22,911–22,911
33,34230,1873,10566,63432,15523,678–55,833
2020A
57.
(g)(ii)1)2)
-Black-Scholes
2020A
57.(g)(ii)3)
20201231
1,200
3,864
6,856
44,289
1,738
5,443
2020A
57.(g)
(ii)3)
20191231
1,105
2,643 5,779 30,346
378 1,315 414 844 17 3,105
2020A
57.(g)(ii)3)
(1)
2020112,9685,77930,3463,74842,841
454296––750
––201,4691,48953979686,0038287,420(1,106)–(72,080)–(73,186)
(128)(15)–(235)(378)
202012312,7276,85644,2895,06458,936
454296––750
2019113,64140320,6842,54027,268 (540)27––(513) ––(60)1,018958
1315,74151,435–57,30759–––59
(314)(400)(41,713)–(42,427)
(9)8–190189
201912312,9685,77930,3463,74842,841
(540)35––(505)
2020A
57.(g)(ii)3)
(1)
20202019
3,1052,514
(17)2,686
(453)–(91)
5,6493,105
(17)
2020113285,43530,3463,47539,584
119291––410
––201,3201,340–1,00086,003–87,003––(72,076)–(72,076)
202012314476,72644,2934,79556,261
119291––410
2020A
57.(g)(ii)3)
(1)
201911749–20,6842,23523,668 (421)35––(386) ––(60)1,2401,180
–5,40051,435–56,835––(41,713)–(41,713)
201912313285,43530,3463,47539,584
(421)35––(386)
(2)
2020(3)
2020(iii)1)
2020A
57.(g)
(iii)
1)
2020
1,034,2691,049,3743,387914,025131,962
2019
907,472930,2176,577789,068134,572
2)
2020
34,30235,243–35,243–146,559149,115–149,115–
180,861184,358–184,358–
2019
34,46935,631–35,631–165,602167,405–167,405–
200,071203,036–203,036–
2020A
58.
(a)
2020201920202019
97,95993,42388,67486,085
46,88254,21446,02252,609
18,1436,94517,8446,553
7,1085,9453,5743,377
4,2334,1793,9943,978
1,3711,1991,2901,133
(44)(382)(4)(229)
5,131(5,324)10,084(5,907)
(10,089)(2,590)(10,956)(1,655)
(51,843)(48,902)(50,746)(47,746)
14,65217,63112,77415,727
(186)(286)(186)(269)
(7,165)(7,960)(6,986)(7,734)
(735,754)(550,051)(754,966)(491,255)
1,029,551435,3511,021,072393,908
421,3284,432382,7979,557
(b) 3
2020201920202019
37,49690,38320,56487,57583,68861,26068,91755,940111,706227,606105,214205,026282,867103,633282,867103,63337,033106,79330,16791,393
552,790589,675507,729543,567
2020A
58.
(c)
2020201920202019
13,08815,30612,54714,356(15,306)(15,814)(14,356)(14,997)539,702574,369495,182529,211(574,369)(527,869)(529,211)(479,096)
(36,885)45,992(35,838)49,474
(d)
59.
3(7)(c)
202072,0012019115,881
2020A
59.
202027,893201910,4023,1282019987
20209242019889
20193(7)(c)
2020A
60.(a)
(i)
16,900
7,559,427,37529.97%(i,viii))–
7,000
3,289,470,33713.04%(ii)–
1,258,542,3494.99%–
944,013,1713.74%–
1,147,377,4154.55%–
Best Winner Investment Ltd.0.05
386,924,0631.53%–––China Merchants Union (BVI) Limited0.06
477,903,5001.89%–––
55,196,5400.22%–
11,000
2,515,193,0349.97%(iii)–
16,191
1,574,729,1116.24%–
3,191
696,450,2142.76%–
103,552,6160.41%–
1,399
75,617,3400.30%–
54,721,9300.22%–
10,121,8230.04%–
1,036,132,4354.11%(iv)–
30,790
1,036,132,4354.11%–
2020A
7,274
422,770,4181.68%(v)–16,175
301,089,7381.19%–
21,599
310,125,8221.23%(vi)–
11,683
310,125,8221.23%–8,000
296,291,6271.17%(vii)–
4,129
––100%6,000
––100%1,161
––100%1,310
––55%5,000
––100%
––100%
––
((vii))(i) ()29.97%201929.97%)(ii) ()2020123113.04%201913.04%)(iii) ()9.97%20199.97%)(iv) ()98.23%4.11%2019
9.98%)
(v) ()1.68%20191.68%)(vi) ()1.23%20191.23%)(vii) ()1.17%20191.21%)(viii)
60.
(a)
(i)
2020A
60.
(a)(i)
2020123120191231
16,900,000,00016,700,000,0007,000,000,0007,000,000,000
600,000,000600,000,000600,000,000600,000,000777,800,000600,000,000Best Winner Investment Ltd.50,00050,000China Merchants Union (BVI) Limited.60,00060,000
10,000,00010,000,000100,000,000100,000,00030,790,000,00030,790,000,00011,000,000,00011,000,000,00016,191,351,30016,191,351,3003,191,200,0003,191,200,0002,000,0002,000,0001,398,941,0001,398,941,000500,000,000500,000,000299,020,000299,020,0007,274,023,8307,274,023,83016,174,735,42516,174,735,42521,599,175,73721,599,175,73711,683,461,36511,683,461,365
8,000,000,0008,000,000,0004,129,000,0004,129,000,0006,000,000,0006,000,000,0001,160,950,5751,160,950,5751,310,000,0001,310,000,0005,000,000,0005,000,000,000
50,000,00050,000,000500,000,000––
2020A
60.
(a)
(i)
%%%%%%
2020 113,289,470,33713.044,129,000,000100.006,000,000,000100.001,160,950,575100.00720,500,00055.005,000,000,000100.00
––––––––––––
2020 12313,289,470,33713.044,129,000,000100.006,000,000,000100.001,160,950,575100.00720,500,00055.005,000,000,000100.00
%%%%%%
2019 113,289,470,33713.044,129,000,000100.006,000,000,000100.001,160,950,575100.00720,500,00055.00––
––––––––––5,000,000,000100.00
2019 12313,289,470,33713.044,129,000,000100.006,000,000,000100.001,160,950,575100.00720,500,00055.005,000,000,000100.00
(ii) 3372019320
2020A
60.
(b)(i)(1)
20202019
(%)(%)
37,4110.7426,2220.6125,6940.5128,6310.671,8510.043,0840.079,8020.198,5470.201,5150.032,0150.05
34,4670.6912,0150.284,6900.096,1780.14
115,4302.2986,6922.02
202012315%5%2019
(2)
20202019
(%)(%)
2,7170.132,5270.147930.047950.041,8040.091,7810.101640.011000.012000.011600.01
8400.041,7470.101000.00––
6,6180.327,1100.40
2020A
60.(b)
(i)(3)
20202019
(%)(%)
85,2251.5068,7951.4131,7940.5636,7770.752,6040.054,2540.094,1730.071,5350.031480.001440.006,8100.1211,8470.24
49,1060.8735,4430.731,3540.021,0400.02
181,2143.19159,8353.27
(4)
20202019
40,83946,746–13,95830,29054,390
71,632115,600
202012312020
28(a)(iii)(Black-Scholes)
2020A
60.
(b)
(i)(5)
20202019
(%)(%)
570.40
390.27
50.03
70.05
30.02
50.03
650.45
510.35
(6)20201231
4,199201912311,6551,67820191231981
(7)202012311,225
45,2875,802201912311,03152,5427,393(8)202012314,50014,5002019123170012,350
2020A
60.(b)
(ii)(1)
20202019
(%)(%)
32,2630.6822,2680.5624,8440.5324,9380.639750.022,3890.069,7850.218,5140.211,5150.031,5150.04
34,3400.7311,8810.304,6900.106,1770.16
108,4122.3077,6821.96
202012315%5%2019
(2)
20202019
(%)(%)
2,6750.142,5270.157930.047950.051,8040.091,7810.101640.011000.012000.011600.01
8400.041,7470.101000.01––
6,5760.347,1100.42
2020A
60.
(b)(ii)(3)
20202019
(%)(%)
84,5661.5568,1281.4631,7910.5836,7750.792,5640.054,2540.094,1730.081,5350.031480.001440.006,8100.1311,8470.25
49,1060.9035,4430.761,2050.028000.02
180,3633.31158,9263.40
(4)
20202019
(%)(%)
570.42
390.29
50.04
70.05
30.02
50.04
650.48
510.38
2020A
60.
(b)
(ii)(5)20201231
4,19920191,6351,6522019931
(6)202012311,22545,2875,80220191,03152,5427,393(7)20201231
4,50014,500201970012,350(iii)
(1)
20202019
(%)(%)
3,2090.066830.011100.001060.004620.017070.02
370.00
6110.011,2660.022610.011310.00––
70.00
4490.011,3740.033130.01
6,5960.123,1300.07
2020A
60.(b)
(iii)
(2)
20202019
(%)(%)
––6620.02
550.00
550.00
4220.01––
4770.017170.02
(3)
20202019
(%)(%)
4,0725.553,2854.47
(4)
20202019
(%)(%)
28,02512.9023,0817.585,2242.405,5731.834,0821.88––
37,33117.1828,6549.41
2020A
60.
(b)(iii)(5)
20202019
(%)(%)
40.01
300.04
(6)
20202019
(%)(%)
3130.042420.046,7200.964,9980.921890.03
750.01
2150.031,7710.333980.06––––
10.00
9540.141,7130.32
8,7891.268,8001.62
2020A
60.
(b)
(iii)(7)
20202019
(%)(%)
9000.051,3300.086080.036480.04
1,5080.081,9780.12
(8)2020123114,52411,283747129
2,365201932,20928,57233793,525(9)202012311,4492019(10)20201231172019(11)202012311132019
(12)202012311,0482019
2020A
60.
(c)
(i)(1)
20202019
(%)(%)
6620.835610.781,7712.231,2731.78
80.01
170.02
160.02
310.04
30.00
10.00
130.02
140.02
7190.909961.391,0901.379731.36
4,2825.383,8665.39
(2)
20202019
(%)(%)
1,3330.438340.283140.105480.191370.041980.076190.206110.21
480.02
720.02
780.03
1080.04
2,4280.796110.21
750.02
790.03
5,0321.633,0611.05
2020A
60.
(c)
(i)
(3)
20202019
(%)(%)
1,3361.091,1890.992680.221,2401.03
620.05
1020.091240.10
510.04
30.00
20.00
720.06
560.05
2590.214210.35
160.01
180.02
2,1401.743,0792.57
(4)
20202019
(%)(%)
(22)0.02
(34)0.04
––
(1)0.00
(1,349)1.39(1,613)1.86
(5)0.01
(31)0.04
(1,376)1.42(1,679)1.94
2020A
60.
(c)
(i)
(5)
20202019
(%)(%)
(22)(0.08)
(1)(0.00)
1190.46
190.08
30.01
––
80.03
60.02
1080.42
240.10
(ii)
(1)
20202019
(%)(%)
6610.935550.841,7682.501,2651.92
80.01
170.03
160.02
310.05
30.00
10.00
130.02
140.02
7191.029951.511,0871.549691.47
4,2756.043,8475.84
2020A
60.
(c)
(ii)
(2)
20202019
(%)(%)
1,2280.427550.272980.104060.151110.041850.076190.216110.22
480.02
720.03
600.02
800.03
2,4250.826080.22
750.03
790.03
4,8641.662,7961.02
(3)
20202019
(%)(%)
1,3271.151,1691.052640.231,2391.11
620.05
1020.091240.11
510.05
30.00
20.00
720.06
560.05
2590.234210.38
140.01
160.01
2,1251.843,0562.74
2020A
60.
(c)
(ii)
(4)
20202019
(%)(%)
(22)0.02
(35)0.04
(1)0.00
(2)0.00
(1,349)1.49(1,611)1.97
(5)0.01
(3)0.00
(1,377)1.52(1,651)2.01
(5)
20202019
(%)(%)
(22)(0.13)
(1)(0.01)
1190.68
190.10
30.02
––
80.05
60.03
1080.62
240.12
2020A
60.
(c)
(iii)(1)
20202019
(%)(%)
1970.283720.57
20.00
10.00
(3,465)(4.90)––
670.09
50.01
(3,199)(4.53)3780.58
(2)
20202019
(%)(%)
9090.312550.09
180.01
3260.12
30.00
930.03
––1300.05––
120.00
9300.328160.29
2020A
60.
(c)
(iii)(3)
20202019
(%)(%)
20.00
2620.23
190.02
150.01
70.01
320.03
30.00
880.08
1310.11
430.04
260.02
140.01
1880.164540.40
(4)
20202019
(%)(%)
20.00
––1100.121320.16
1120.121320.16
(5)
20202019
(%)(%)
30.02
––
270.15
––
410.23
––
710.40
––
(iv)
20202019
2020A
61.
(a)
20174271702019124
2020113,979–3,979
––––234234–(234)(234)
(226)–(226)
202012313,753–3,753
2020
62.
(a)
2020123120191231
2020
63,45399,916–163,369163,369
–37,663–37,66337,6633,0962,6911,4427,2297,229136,832––136,832136,832
34––3434
203,415140,2701,442345,127345,127
2020A
62.
(a)
2019
165,068109,344–274,412274,412
–33,389–33,38933,3891,075401,1852,3002,30071,699––71,69971,699
237,842142,7731,185381,800381,800
(b)
202012312,445,644201912312,142,94420201231717,48920191231494,99220201231158,57520191231190,2212020123148,8982019123163,2142019123182,113
202012311,2252019
1231864
202012,6292019
2020A
62.(b)
202010,16220197,33020201,87420191,400
20207152019744
202011202012311,924,83620192,363,99963.
1(2008)
20202019
171698
64.
2020A
1.
[2013] 33
125,220
2a71,0572b98,0822c365,168
3a67,4913b7,36140–5282
634,6617–89,95394,464
11(66)12–13–14–155016–17–18–19–
219,954
2020A
15%–23–
25–26a21326b–26c–27–2824,56929610,0923084,0543134,0653249,98933–343835–3684,09237–38–39–40–41a–41b–41c–42–
–4484,09245+694,184
1.
2020A
4628,340478,340481,64749–5097,11951127,10652–53–54–55–56a–56b–56c–57–58127,10659+821,290604,964,5426112.29%6213.98%6316.54%
652.50%660%670%
687.29%695%706%718%7218,027739,761
7562,005
1.
2020A
78234,6647997,11980–81–82–83–84–85–20202014411.81%
13.62%16.29%734,0224,505,2992020
10.68%12.16%13.79%787,438
5,710,5442020
10.12%11.67%13.31%700,171
5,258,694
1.
2020A
1.
13,08813,0887,9707,970525,358525,358103,33598,488226,919226,919286,262282,3754,804,3614,804,295
495,723460,85347,27247,2721,049,2801,048,722516,553516,376 7,1396,976
14,9229,88868,15368,12914,15614,1401,6231,6769,7119,6679,9549,95372,89372,86986,77688,0358,361,4488,313,049
2020A
331,622331,622723,402723,402143,517145,373142,927127,3505,664,1355,665,01960,35136,67850,06150,029346,141344,31715,46214,43818,64818,4651,073910104,455101,1516,8296,82914,24214,227
8,2298,2297,631,0947,588,039
25,22025,22084,05484,05467,52367,491
7,4487,36071,15871,05798,08298,082370,265365,168
6,6046,578730,354725,010
1.
2020A
1.
9,953a9,667b 4,948c
–d 255e
25,220 25,220f –g
67,491h8,201i
(66)j
(775)k
71,057l
98,082m365,168n344,317 28,340o
125,220f2a71,057l2b98,082m2c365,168n3a67,491h89,953a-d94,464b-c-e4628,340o
2020A
1.
2600036039680461436002818280152028023
870,22831,6736,59727,46820,00049,989920,6294,5911,00027,50020,00050,000
1120023272006922201710252017121320181119202079
1320281119
1555
2020A
1655
4.40%4.81%
4.65%
3.95%
2017324
H
2017324
A
1.
2020A
25(1)
(2)
(1)(2)
1.
2020A
2.
2015201541
20201231
20191231
8,361,4487,417,240(48,399)(24,603)––(18,274)11,79645,09428,8611,079,7261,194,234(24,569)(23,007)
9,395,0268,604,521
20201231
20191231
7,983,4027,258,371(24,569)(23,007)7,958,8337,235,36414,08013,39314,91821,805––––
–––
––
28,99836,015
2020A
2.
20201231
20191231
282,375110,047––45,09428,861––327,469138,9082,368,6672,266,901(1,288,941)(1,072,667)1,079,7261,194,234694,184584,4369,395,0268,604,521
7.39%
6.79%
3.
[2014] 12020
193,95026,50938,476415,62751,497,1156161,199711,222811,04893,88810591114,259125,360
2020A
4.
2020145.92%
14.192020
121.97%20202020
11,208,949
22,157,627190,9593 496,08124,8044 1,661,546166,15553,624,8311,297,9946 2,039,466507,1577 1,543,098748,5708 42,26742,2679 20,144101,542,014382,08711 313,227313,22712 ––13 1,228,78768,8601471,47071,470156,866,426100,010
162,062,664
17262,186261,613181,007,480643,56119332,355328,964
201,602,0211,234,138
211,208,94922828,52623(%)145.92%
(1) 92(2)
2020A
5.
2020
117.51%0.32
20201231
<66-12≥1
1727,115––20,000747,1152 715,415––20,000735,4153 11,700–––11,70041,715,542613,16917,4932,8282,140,9315 528,5331,75110260503,9276 1,187,009611,41817,3912,7681,637,00472,522,5861,657,968467,602259,6862,297,6898 2,102,219–––1,051,1099 420,3671,657,968467,602259,6861,246,58010–––––1140,708171,6163,443109,79019,82512 91,68713 40,708171,6163,44318,10319,825145,205,560
15210,6191666,364672––33,5181776,9132,086,3461,012,9602,996,4003,796,066
–206,369–––
12,245653,142225,15527,548270,889
–1,083,640733,1471,593,6502,226,71621 35%–127,300102,607181,401232,86522 –32,68327,0111,219,0941,064,31423 35%–––––
64,668110,51227,647156,108234,14725–––––26129,31310,8331,041121,099193,797
2020A
5.
20201231
<66-12≥1
27 7,9716,775
1008529 85,118–30 93,36918,67431 121,34210,8331,04135,881168,263328,827,209195,940
334,429,940
34(%)117.51%
20200930
<66-12≥1
1710,353––20,000730,3532 698,653––20,000718,6533 11,700–––11,70041,575,168643,80715,3821,8782,037,6875 495,7401,89011152472,9076 1,079,428641,91715,2711,8261,564,78072,194,6472,063,232227,606333,9842,192,1828 1,936,170–––968,0859 258,4772,063,232227,606333,9841,224,09710–––––1133,196216,7503,93987,19516,14112 73,02413 33,196216,7503,93914,17116,141144,976,363
15139,6501657,612455––29,0331766,2322,089,7841,048,7002,890,0113,745,777
–170,088–––
8,047641,393238,01144,776286,711
–1,088,494763,4801,515,7782,183,11921 35%–116,21791,813156,398205,673
2020A
5.
20200930
<66-12≥1
22 –33,19826,4941,194,6101,043,41123 35%–––––
58,185156,61120,715134,847232,53625–––––2673,70925,5821,66385,309131,54827 8,3087,062
16714229 67,898–30 74,37314,87531 65,40125,5821,66317,244109,469328,857,550200,309
334,246,317
34(%)117.19%
(1)(2)
(3) 30
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