Annual Report 2020

China Merchants China Direct Investments Limited Annual Report 2020 128 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2020 15. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) For the year ended 31 December 2019 Name of investees Description of the business Proportion of investee’s capital owned Investment cost Carrying value Dividend/ distribution received during the year % of the Group’s net assets as at year end attributable to the investment US$ million US$ million US$ million China Merchants Bank Co., Ltd. Banking 0.22% 19.79 297 7.56 45.80% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 176 6.31 27.06% Rong Bao Zhai Culture Co., Ltd. Artwork marketing N/A 43.36 43 Nil 6.60% Iflytek Co., Ltd. Intelligent speech technology 0.31% 18.83 34 0.09 5.18% China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) Media investment 10.13% 0.00 33 3.66 5.14% JIC Leasing Co., Ltd. Finance leasing 6.46% 38.78 29 Nil 4.53% NBA China, L.P. Sports marketing 1% participating preferred unit 0.00 15 1.44 2.25% China Reinsurance (Group) Corporation Reinsurance 0.16% 19.31 11 0.27 1.70% Anhui Iflytek Venture Capital LLP Information technology investment 14.95% 8.36 10 0.59 1.51% Pony AI Inc. Autonomous driving 0.89% 8.61 9 Nil 1.33%