Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)40 Placements from banks and non-bank financial institutions(1) Analysed by type of counterpartiesGroupBank2012 2011 2012 2011Banks 119,988 77,474 77,434 44,692Non-bank financial institutions 268 1,251 206 962Total 120,256 78,725 77,640 45,654(2) Analysed by geographical sectorsGroupBank2012 2011 2012 2011Mainland China 49,406 33,045 20,899 5,745Overseas 70,850 45,680 56,741 39,909Total 120,256 78,725 77,640 45,65441 Financial liabilities at fair value through profit or lossGroupBank2012 2011 2012 2011Structured financial instruments 5,117 11,332 2,399 8,642Financial liabilities related to precious metals 32,134 22,324 32,134 22,324Total 37,251 33,656 34,533 30,966The Group’s and the Bank’s financial liabilities at fair value through profit or loss are those designated at fair value through profit or loss.As at the end of reporting period, the difference between the fair value of these financial liabilities and the contractual payables at maturityis not material. The amounts of changes in the fair value of these financial liabilities that are attributable to changes in credit risk areconsidered not significant during the year presented and cumulatively as at 31 December 2012 and 2011.42 Financial assets sold under repurchase agreementsFinancial assets sold under repurchase agreements by underlying assets are shown as follows:GroupBank2012 2011 2012 2011Securities– PBOC bills – 10,010 – 10,010– Government bonds 1,281 – – –– Standard bonds 130 – – –1,411 10,010 – 10,010Discounted bills 949 451 891 451Loans – – – 1,133Total 2,360 10,461 891 11,594146 China Construction Bank Corporation annual report 2012