Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)26 Available-for-sale financial assetsAnalysed by natureGroupBankNote 2012 2011 2012 2011Debt securities (1) 688,814 661,036 672,073 651,585Equity instruments (2) 11,430 13,764 9,343 11,998Funds (2) 797 258 – –Total 701,041 675,058 681,416 663,583(1) Debt securitiesAnalysed by type of issuersGroupBank2012 2011 2012 2011Government 92,364 84,591 91,450 84,015Central banks 100,176 144,830 95,473 141,810Policy banks 76,655 59,175 76,655 59,165Banks and non-bank financial institutions 192,276 156,185 184,917 151,626Public sector entities 341 196 341 196Other enterprises 227,002 216,059 223,237 214,773Total 688,814 661,036 672,073 651,585Listed 31,242 18,666 30,536 18,312– of which in Hong Kong 1,284 1,906 1,117 1,906Unlisted 657,572 642,370 641,537 633,273Total 688,814 661,036 672,073 651,585(2) Equity instruments and fundsGroupBank2012 2011 2012 2011Debt equity swap (“DES”) investments 7,931 10,607 7,931 10,607Other equity instruments 3,499 3,157 1,412 1,391Funds 797 258 – –Total 12,227 14,022 9,343 11,998Listed 8,489 10,251 7,848 10,064– of which in Hong Kong 623 632 623 617Unlisted 3,738 3,771 1,495 1,934Total 12,227 14,022 9,343 11,998Pursuant to the DES arrangement by the PRC government in 1999, the Group obtained equity interests of certain entities inlieu of repayments of loans granted to them. According to relevant requirements, the Group is prohibited from being involved inmanagement of the operations of these entities. In substance, the Group does not have any control, joint control or significantinfluence over these entities.132 China Construction Bank Corporation annual report 2012