| 21 | AVAILABLE-FOR-SALE FINANCIAL ASSETS |
| As of December 31, 2017 |
As of December 31, 2016 |
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| Note | Million | Million | ||||||||||
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Equity investments |
(i) | 44 | 35 | |||||||||
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Wealth management products issued by banks |
(ii) | 65,630 | 31,897 | |||||||||
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| 65,674 | 31,932 | |||||||||||
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Less: current portion |
(65,630 | ) | (31,897 | ) | ||||||||
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Non-current portion |
44 | 35 | ||||||||||
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Note:
| (i) | The equity investments represent the Group’s investments in other companies at fair values (level 1: quoted price (unadjusted) in active markets; or level 3: inputs for the assets or liability that are not based on observable market data (that is, unobservable inputs)) through other comprehensive income as of December 31, 2017. |
| (ii) | The wealth management products issued by banks will mature within one year with variable return rates indexed to the performance of underlying assets. As of December 31, 2017, the carrying amount approximated the fair value (level 3 of fair value hierarchy). The fair values are based on cash flow discounted assuming the expected return will be obtained upon maturity. |