Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)59 Entrusted lending businessAs at the end of the reporting period, the entrusted loans and funds were as follows:GroupBank2012 2011 2012 2011Entrusted loans 1,103,938 1,027,817 1,096,907 971,331Entrusted funds 1,103,938 1,027,817 1,096,907 971,33160 Pledged assets(1) Assets pledged as security(a) Carrying value of pledged assets analysed by categoryGroupBank2012 2011 2012 2011Pledged deposits 268 388 268 388Loans – – – 1,133Discounted bills 949 451 891 451Bonds 1,411 597 1,101 597PBOC bills – 10,110 – 10,110Total 2,628 11,546 2,260 12,679(b) Carrying value of pledged assets analysed by asset typeGroupBank2012 2011 2012 2011Deposits with banks and non-bank financial institutions 268 388 268 388Loans and advances to customers 949 451 891 1,584Available-for-sale financial assets 806 597 1,101 597Held-to-maturity investments 605 10,110 – 10,110Total 2,628 11,546 2,260 12,679(2) Collateral accepted as securities for assetsThe Group conducts resale agreements under usual and customary terms of placements, and holds collateral for these transactions.As at 31 December 2012 and 2011, the Group did not hold any collateral for resale agreements, which it was permitted to sell orrepledge in the absence of default for the transactions.160 China Construction Bank Corporation annual report 2012