AMTD IDEA (AMTD) 20-F 18 Apr 22 2021 FY Annual report (foreign) Financial data

Cover Page

Cover Page - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Document Information [Line Items]
Document Period End Date	Dec. 31, 2021
Document Type	20-F
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Registrant Name	AMTD IDEA GROUP
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Well-known Seasoned Issuer	Yes
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001769731
Entity File Number	001-39006
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	23/F Nexxus Building
Entity Address, Address Line Two	41 Connaught Road
Entity Address, City or Town	Central
Entity Address, Country	HK
Entity Address, Postal Zip Code	000000
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Accounting Standard	International Financial Reporting Standards
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Shell Company Report	false
ICFR Auditor Attestation Flag	false
Auditor Name	Deloitte Touche Tohmatsu	Ernst & Young
Auditor Firm ID	1104
Auditor Location	Hong Kong	Hong Kong
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	23/F Nexxus Building
Entity Address, Address Line Two	41 Connaught Road
Entity Address, City or Town	Central
Entity Address, Country	HK
Entity Address, Postal Zip Code	000000
City Area Code	+852
Local Phone Number	3163-3389
Contact Personnel Name	William Fung
Contact Personnel Fax Number	+852 3163-3289
American depository shares [member]
Document Information [Line Items]
Security Exchange Name	NYSE
Trading Symbol	AMTD
Title of 12(b) Security	American depositary shares, each representing one Class A ordinary share, par value US$0.0001 per share
Class A Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	62,327,851
Security Exchange Name	NYSE
No Trading Symbol Flag	true
Title of 12(b) Security	Class A ordinary shares, par value US$0.0001 per share*
Class B Ordinary Shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	183,283,628

Consolidated Statements Of Prof

Consolidated Statements Of Profit Or Loss And Other Comprehensive Income - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
REVENUE
Fee and commission income (including income generated from related parties of HK$42,111,072, HK$125,745,131 and HK$104,300,690 for the years ended December 31, 2019, 2020 and 2021, respectively)	$ 680,477,636	$ 607,263,125	$ 580,006,276
Dividend and gain related to disposed financial assets at fair value through profit or loss (including net disposal gain generated from related parties of HK$ Nil, HK$82,948,508 and HK$125,112,176 for the years ended December 31, 2019, 2020 and 2021, respectively)	173,823,384	171,026,667	100,551,728
Total income	854,301,020	778,289,792	680,558,004
Net fair value changes on financial assets at fair value through profit or loss (except derivative financial assets) and stock loan	597,551,244	(31,054,945)	(641,603,993)
Net fair value changes on derivative financial asset	(54,008,047)	371,305,326	1,165,220,000
Total revenue	1,397,844,217	1,118,540,173	1,204,174,011
Other income	125,538,171	111,867,468	22,090,268
Impairment losses under expected credit loss model on financial assets		(17,109,001)
Other operating expenses	(83,794,012)	(103,723,211)	(114,696,855)
Staff costs	(95,585,898)	(94,410,281)	(94,607,497)
Finance costs	(12,825,923)	(21,510,079)	(27,705,955)
Net fair value changes on derivative financial liability		7,765,148
PROFIT BEFORE TAX	1,331,176,555	1,001,420,217	989,253,972
Income tax (expense)/credit	(109,295,037)	137,540,767	(158,349,518)
PROFIT FOR THE YEAR	1,221,881,518	1,138,960,984	830,904,454
Attributable to:
- Ordinary shareholders	1,096,452,084	1,059,973,270	938,272,885
- Holders of perpetual securities	125,742,843	78,987,714
Non-controlling interests	(313,409)		(107,368,431)
PROFIT FOR THE YEAR	1,221,881,518	1,138,960,984	830,904,454
EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT
PROFIT FOR THE YEAR	1,221,881,518	1,138,960,984	830,904,454
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations	738,972	1,022,840
OTHER COMPREHENSIVE INCOME FOR THE YEAR	738,972	1,022,840
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,222,620,490	1,139,983,824	830,904,454
Comprehensive income attributable to [abstract]
- Ordinary shareholders	1,096,896,235	1,060,996,110	938,272,885
- Holders of perpetual securities	125,742,843	78,987,714
Non-controlling interests	(18,588)		(107,368,431)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,222,620,490	1,139,983,824	830,904,454
Class A Ordinary Shares [Member]
Attributable to:
- Ordinary shareholders	$ 299,742,816	$ 249,206,548	$ 69,906,757
EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT
Basic	$ 4.81	$ 4.34	$ 4.34
Diluted	$ 4.81	$ 4.22	$ 4.34
Class B Ordinary Shares [Member]
Attributable to:
- Ordinary shareholders	$ 796,709,268	$ 810,766,722	$ 868,366,128
EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT
Basic	$ 4.81	$ 4.34	$ 4.34
Diluted	$ 4.81	$ 4.34	$ 4.34

Consolidated Statements Of Pr_2

Consolidated Statements Of Profit Or Loss And Other Comprehensive Income (Parenthetical) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of comprehensive income [abstract]
Income generated from related parties	$ 105,448,459	$ 128,419,020	$ 46,046,698
Disposal gain generated from related parties	$ 125,112,176	$ 82,948,508	$ 0

Consolidated Statements Of Fina

Consolidated Statements Of Financial Position - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Current assets
Accounts receivable	$ 86,514,680	$ 77,350,250
Prepayments, deposits and other receivables	21,916,382	24,872,391
Due from immediate holding company	2,144,975,230	6,477,266,499
Financial assets at fair value through profit or loss		62,519,937
Derivative financial asset	969,894,519	1,023,902,566
Other assets	136,065,738	197,309,175
Cash and bank balances	526,206,108	453,966,764
Total current assets	3,885,572,657	8,317,187,582
Non-current assets
Property, plant and equipment	67,131	111,357
Intangible assets	15,171,170	15,171,170
Financial assets at fair value through profit or loss	2,574,695,685	1,315,336,778
Stock loan	211,331,400	878,483,400
Total non-current assets	2,801,265,386	2,209,102,705
Total assets	6,686,838,043	10,526,290,287
Current liabilities
Accounts payable	155,020,918	201,986,202
Bank borrowings	388,870,500	232,280,000
Other payables and accruals	92,225,549	128,325,893
Tax payable	136,124,845	123,289,855
Total current liabilities	772,241,812	685,881,950
Non-current liabilities
Derivative financial liability	13,752,673	12,954,313
Convertible bond	111,970,384	103,278,429
Total non-current liabilities	125,723,057	116,232,742
Total liabilities	897,964,869	802,114,692
Equity
Treasury shares	(5,000,000,000)
Capital reserve	4,551,183,728	4,551,187,228
Exchange reserve	1,466,991	1,022,840
Retained profits	4,449,489,995	3,337,088,284
Total equity attributable to ordinary shareholders of the Company	4,002,333,416	7,889,491,054
Non-controlling interests	15,496,320
Perpetual securities	1,771,043,438	1,834,684,541
Total equity	5,788,873,174	9,724,175,595
Total liabilities and equity	6,686,838,043	10,526,290,287
Class A ordinary shares [Member]
Equity
Share capital	48,838	48,838
Class B Ordinary Shares [Member]
Equity
Share capital	$ 143,864	$ 143,864

Consolidated Statements Of Fi_2

Consolidated Statements Of Financial Position (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Class A ordinary shares [Member]
Disclosure of classes of share capital [line items]
Common stock par or stated value per share	$ 0.0001	$ 0.0001
Common stock shares authorised	8,000,000,000	8,000,000,000
Common stock shares issued	62,327,851	62,327,851
Common stock shares outstanding	62,327,851	62,327,851
Class B ordinary shares [Member]
Disclosure of classes of share capital [line items]
Common stock par or stated value per share	$ 0.0001	$ 0.0001
Common stock shares authorised	2,000,000,000	2,000,000,000
Common stock shares issued	183,283,628	183,283,628
Common stock shares outstanding	183,283,628	183,283,628

Consolidated Statements Of Chan

Consolidated Statements Of Changes In Equity - HKD ($)		Total	Share capital	Capital reserve	Treasury Shares	Exchange reserve	Retained profits	Equity attributable to ordinary shareholders of the Company	Equity attributable to holders of perpetual securities	Non-controlling interests
Beginning balance at Dec. 31, 2018		$ 3,194,402,100	$ 156,998	$ 1,312,802,676		$ 0	$ 1,338,842,129	$ 2,651,801,803	$ 0	$ 542,600,297
Deemed disposal of non-controlling interest	[1]			435,231,866				435,231,866		(435,231,866)
Exercise of warrants		94,197,600	1,308	94,196,292				94,197,600
Pre-IPO financing		419,382,149	6,451	419,375,698				419,382,149
Initial public offering		1,507,215,141	18,681	1,507,196,460				1,507,215,141
Capital injection to a subsidiary		9		9				9
New issuance of shares		782,393,491	9,264	782,384,227				782,393,491
Profit for the year		830,904,454					938,272,885	938,272,885		(107,368,431)
Total comprehensive income for the year		830,904,454
Ending balance at Dec. 31, 2019		6,828,494,944	192,702	4,551,187,228	0	0	2,277,115,014	6,828,494,944		0
Profit for the year		1,138,960,984					1,059,973,270	1,059,973,270	78,987,714
Exchange differences on translation of foreign operations		1,022,840				1,022,840		1,022,840
Total comprehensive income for the year		1,139,983,824				1,022,840	1,059,973,270	1,060,996,110	78,987,714
Issuance of perpetual securities		1,818,450,452							1,818,450,452
Distribution to holders of perpetual securities		(62,753,625)							(62,753,625)
Ending balance at Dec. 31, 2020		9,724,175,595	192,702	4,551,187,228	0	1,022,840	3,337,088,284	7,889,491,054	1,834,684,541	0
Profit for the year		1,221,881,518					1,096,452,084	1,096,452,084	125,742,843	(313,409)
Exchange differences on translation of foreign operations		738,972				444,151		444,151		294,821
Total comprehensive income for the year		1,222,620,490				444,151	1,096,452,084	1,096,896,235	125,742,843	(18,588)
Redemption of perpetual securities		(49,154,565)					15,949,627	15,949,627	(65,104,192)
Distribution to holders of perpetual securities		(124,279,754)							(124,279,754)
Deemed partial disposal of interest in subsidiary without losing control		15,511,408		(3,500)				(3,500)		15,514,908
Repurchase of shares from a shareholder		(5,000,000,000)			(5,000,000,000)			(5,000,000,000)
Ending balance at Dec. 31, 2021		$ 5,788,873,174	$ 192,702	$ 4,551,183,728	$ (5,000,000,000)	$ 1,466,991	$ 4,449,489,995	$ 4,002,333,416	$ 1,771,043,438	$ 15,496,320
[1]	AMTD ISG and AMTD SI were indirectly held by AMTD Group for 79.13% before the Reorganization (see note 1.2). In March 2019, due to the Reorganization, the non-controlling shareholders surrendered their indirect interests in AMTD ISG and AMTD SI amounting to HK$435,231,866 which represented 20.87% of the total net assets of AMTD ISG and AMTD SI. Thereafter AMTD ISG and AMTD SI became wholly-owned subsidiaries of the Company. The non-controlling interests were reclassified into capital reserves as deemed acquisition of additional interest in AMTD ISG and AMTD SI.

Consolidated Statements Of Ch_2

Consolidated Statements Of Changes In Equity (Parenthetical) - AMTD Investment Solutions Group And AMTD Strategic Investments [Member] - HKD ($)	Mar. 01, 2019	Feb. 28, 2019
Proportion of ownership interest In subsidiaries indirect		79.13%
Payment from changes in ownership interests that does not result in loss of control	$ 435,231,866
Percentage of non controlling interests acquired	20.87%

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows $ in Millions	12 Months Ended
	Dec. 31, 2021HKD ($)	Dec. 31, 2020HKD ($)	Dec. 31, 2019HKD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax	$ 1,331,176,555	$ 1,001,420,217	$ 989,253,972
Adjustments for:
Interest income	(116,078,163)	(101,226,862)	(18,677,943)
Finance costs	12,825,923	21,510,079	27,705,955
Depreciation	44,226	30,374	113,919
Dividend income	(48,711,208)	(88,078,159)	(92,316,548)
Gain related to disposed investment	(125,112,176)	(82,948,508)	(8,235,180)
Net fair value changes on financial assets at fair value through profit or loss (except derivative financial assets)	(597,551,244)	31,054,945	641,603,993
Net fair value changes on derivative financial asset	54,008,047	(371,305,326)	(1,165,220,000)
Net fair value changes on derivative financial liability		(7,765,148)
Impairment losses under expected credit loss model on financial asset		17,109,001
Operating cash flows before changes in working capital	510,601,960	419,800,613	374,228,168
(Increase)/decrease in accounts receivable	(9,164,430)	251,920,323	(185,286,520)
(Increase)/decrease in prepayments, deposits and other receivables	2,956,009	11,568,581	(3,097,113)
Increase/(decrease) in other payables and accruals	(36,178,634)	(49,718,674)	97,893,906
Decrease in financial assets at fair value through profit or loss	0	972,215,580	81,711,180
Decrease in derivative financial asset		618,682,641
Changes in accounts payable and other assets	14,278,153	(241,859,529)	259,825,630
Cash generated from operations	482,493,058	1,982,609,535	625,275,251
Profits tax paid	(96,460,047)	(76,778,218)	(9,207,649)
Dividend received	48,711,208	88,078,159	92,316,548
Interest received	15,379	67,783	1,115,839
Net cash generated from operating activities	434,759,598	1,993,977,259	709,499,989
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of items of property, plant and equipment		(110,734)	(13,710)
Purchase of financial assets at fair value through profit or loss	(9,968,000)
Increase in amount due from immediate holding company	(348,701,497)	(3,581,230,632)	(2,957,926,150)
Net cash used in investing activities	(358,669,497)	(3,581,341,366)	(2,957,939,860)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of shares			2,767,254,756
Share issue expenses			(58,263,976)
Proceeds from issue of warrants			15,699,600
Exercise of warrants			78,498,000
Proceeds from issue of convertible bond			116,809,500
Repayment of margin loans		(317,722,438)	(4,277,101)
Redemption of perpetual securities	(49,154,565)
Proceeds from bank borrowings	155,926,000	232,280,000
Net proceeds from perpetual securities		1,436,368,339
Distribution to perpetual securities holders	(124,279,754)	(62,753,625)
Financing costs paid	(4,662,214)	(13,765,758)	(27,705,955)
Capital injection by non-controlling interest	15,511,408
Net cash flows generated from/(used in) financing activities	(6,659,125)	1,274,406,518	2,888,014,824
NET INCREASE /(DECREASE) IN CASH AND CASH EQUIVALENTS	69,430,976	(312,957,589)	639,574,953
Cash and cash equivalents at beginning of year	453,966,764	766,430,471	126,855,518
Effect of foreign exchange rate change, net	2,808,368	493,882
CASH AND CASH EQUIVALENTS AT END OF YEAR	526,206,108	453,966,764	766,430,471
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS
Cash and bank balances	$ 526,206,108	$ 453,966,764	$ 766,430,471

Corporate Information

Corporate Information	12 Months Ended
	Dec. 31, 2021
Corporate Information [Abstract]
Corporate Information	1.1 CORPORATE INFORMATION AMTD IDEA Group (the ‘‘Company’’) (formerly known as AMTD International Inc. or AMTD Inc.) is a limited liability company incorporated in Cayman Islands on 4 February 2019. The Company completed its initial public offering on New York Stock Exchange on August 5, 2019 and its shares are listed through admission on Singapore Exchange on April 8, 2020. The Company is an investment holding company. The Company and its subsidiaries (collectively referred to as the “Group”) are involved in investment banking, the provision of financial advisory services, assets management services and strategic investments. The Company’s immediate holding company is AMTD Group Company Limited (‘‘AMTD Group’’), a private company incorporated in the British Virgin Islands (‘‘BVI’’). The Company’s ultimate holding company was L.R. Capital Group Inc. (“L.R. Capital”), a private company incorporated in the Cayman Islands. On December 31, 2020, AMTD Group and L.R. Capital entered into a share repurchase agreement, where AMTD Group has repurchased certain shares previously alloted to L.R. Capital. From then onwards, AMTD Group became the ultimate holding company of the Group. The remaining shares held by L.R. Capital in AMTD Group were disposed to a third party on December 31, 2021. With effect from December 31, 2021, L.R. Capital ceased to be a shareholder of AMTD Group. Information about principal subsidiaries Particulars of the Company’s principal subsidiaries are as follows: Name Place of Issued and Percentage of equity and Principal activities 2020 2021 Direct Indirect Direct Indirect AMTD International Holding Group Limited (formerly known as AMTD Financial Planning Limited) (‘‘AMTD IHG’’) Hong Kong (‘‘HK’’) HK$ 500,000 100 % — 100 % — Investment holding AMTD Securities Limited HK HK$ 1 — 100 % — 100 % Investment holding AMTD Global Markets Limited (formerly known as AMTD Asset Management Limited) (“AMTD GM”) HK HK$ 1,561,610,980 — 100 % — 100 % Provision of investment banking, financial advisory services and asset management services AMTD Global Markets Pte. Ltd. Singapore SGD 5,000,000 — 100 % — 100 % Provision of investment banking, financial advisory services Asia Alternative Asset Partners Limited (“AMTD AAAPL”) HK HK$ 5,000,000 — 100 % — 100 % Provision of investment advisory services AMTD Strategic Investment Limited (“AMTD SI”) HK HK$ 1 — 100 % — 100 % Strategic investment AMTD Investment Solutions Group Limited (“AMTD ISG”) HK HK$ 1 — 100 % — 100 % Strategic investment Information about principal subsidiaries (continued) Particulars of the Company’s principal subsidiaries are as follows: (continued) Name Place of Issued and Percentage of equity and Principal activities 2020 2021 Direct Indirect Direct Indirect AMTD Overseas Limited (formerly known as AMTD Europe Holdings Limited) (‘‘AMTD Overseas’’) HK HK$ 1 — 100 % — 100 % Strategic investment AMTD Fintech Investment Limited (‘‘AMTD FI’’) HK HK$ 1 — 100 % — 100 % Strategic investment AMTD Investment Inc. (‘‘AMTD Investment’’) Cayman Islands US$ 1 100 % — 100 % — Investment holding AMTD Strategic Investment (BVI) Limited BVI US$ 1 — 100 % — 100 % Investment holding AMTD Investment Solutions Group (BVI) Limited BVI US$ 1 — 100 % — 100 % Investment holding AMTD IDEA International Limited (formerly known as AMTD Overseas (BVI) Limited) BVI US$ 1 — 100 % — 100 % Investment holding AMTD Fintech Investment (BVI) Limited BVI US$ 1 — 100 % — 100 % Investment holding 尚乘 珠海 股權投資基金管理有限公司 AMTD Capital Co. Ltd* People’s Republic of China US$ 3,990,000 — 100 % — 50.13 % Private fund management * The translation is for identification purpose only 1.2 REORGANIZATION In order to facilitate the Company’s initial public offering at the New York Stock Exchange, AMTD Group completed a Reorganization (the “Reorganization”) whereby, certain operating and their respective immediate holding entities under AMTD Group’s common control, were ultimately contributed to the Company: • On February 8, 2019, AMTD Investment was incorporated in Cayman Islands and directly held by the Company; • From March 12, 2019 to March 14, 2019, four wholly-owned subsidiaries were incorporated in the BVI and were held indirectly by the Company through AMTD Investment; • On March 18, 2019, the Company entered into sale and purchase agreements with AMTD Group and its subsidiaries which held the shares of AMTD ISG, AMTD SI, AMTD Overseas and AMTD FI (collectively referred to as the “transferred entities”), pursuant to which AMTD Group and its subsidiaries agreed to contribute 100% of the share capital of the transferred entities to the Company for a total of 199,990,000 newly issued Class B ordinary shares of the Company. For AMTD ISG and AMTD SI with non-controlling interests, all shareholders had passed a resolution to provide consent to enter the sale and purchase agreements that involved the two entities and agreed that shareholders other than AMTD Group would not receive any consideration from the disposal of the two entities. The Company issued 199,990,000 Class B ordinary shares and holds the equity interests of AMTD ISG, AMTD SI, AMTD Overseas and AMTD FI indirectly through the four newly set up BVI entities. • On April 1, 2019, the Securities and Futures Commission (“SFC”) approved the shareholder change of AMTD IHG, which holds two licensed subsidiaries (AMTD GM and AMTD AAAPL) governed by the SFC in Hong Kong, from AMTD Group to the Company. The sale and purchase agreement with respect to the transfer of AMTD IHG became effective automatically upon the approval from the SFC. AMTD Group transferred 100% of share capital of AMTD IHG to the Company. In return, the Company issued one Class B ordinary share to AMTD Group. The Reorganization was completed on April 1, 2019. Through the Reorganization, the Company became the holding company of the companies now comprising the Group. Accordingly, for the purpose of preparation of the consolidated financial statements of the Group, the Company is considered as the holding company of the companies now comprising the Group throughout the years ended December 31, 2019, 2020 and 2021. Through the Reorganization, the Company became the holding company of the contributed businesses now comprising the Group, which were under the common control of the controlling shareholder before and after the Reorganization. Accordingly, the financial statements were prepared on a consolidated basis by applying the principles of the pooling of interest method as if the Reorganization had been completed at the date when contributed business first came under the control of the controlling party. The consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows of the Group included the results and cash flows of all companies now comprising the Group from the earliest date presented or since the date when the subsidiaries and/or businesses first came under the common control of the controlling shareholder, whenever the period is shorter. Equity interests in subsidiaries and/or businesses held by parties other than the controlling shareholder, and changes therein, prior to the Reorganization are presented as non-controlling

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Basis of Presentation [Abstract]
Basis of Presentation	2.1 BASIS OF PRESENTATION Basis of preparation The Group’s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (‘‘IFRSs’’) and the Interpretations of the International Financial Reporting Interpretations Committee (‘‘IFRIC’’) issued by the International Accounting Standards Board (“IASB”). For the purpose of preparation of the consolidated financial statements, information is considered material if such information is reasonably expected to influence decision made by primary users. The consolidated financial statements have been prepared on a historical cost basis, except for financial assets at fair value through profit or loss, stock loan, derivative financial asset and derivative financial liability which are measured at fair value. The consolidated financial statements are presented in Hong Kong Dollars (‘‘HK$’’) unless otherwise stated, which is also the functional currency of the Company. 2.2 APPLICATION OF AMENDMENTS TO IFRSs Amendments to IFRSs that are mandatorily effective for current year In the current year, the Group has applied the following amendments to IFRSs issued by the International Accounting Standards Board (“IASB”) for the first time, which are mandatorily effective for the annual periods beginning on or after 1 January 2021 for the preparation of the consolidated financial statements: Amendment to IFRS 16 Covid-19-Related Amendments to IFRS 9, IAS 39, Interest Rate Benchmark Reform – Phase 2 IFRS 7, IFRS 4 and IFRS 16 Except as described below, the application of the amendments to IFRSs in the current year has had no material impact on the Group’s financial positions and performance for the current and prior years and/or on the disclosures set out in these consolidated financial statements. Impacts on application of Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS16 Interest Rate Benchmark Reform – Phase 2 The Group has applied the amendments for the first time in the current year. The amendments relate to changes in the basis for determining the contractual cash flows of financial assets, financial liabilities as a result of interest rate benchmark reform, specific hedge accounting requirements and the related disclosure requirements applying IFRS 7 “Financial Instruments: Disclosures” (“IFRS 7”). As at January 1, 2021, the Group has outstanding bank borrowing denominated in US$ with March 2022 interest rate of which is indexed to benchmark rate (London Interbank Offered Rate “LIBOR”), which is still available before the maturity date of the outstanding bank borrowing. Thus, it will not be subject to the interest rate benchmark reform. The amendments have had no impact on the consolidated financial statements as none of the relevant contract has been transitioned to the relevant replacement rates during the year. New and amendments to IFRSs in issue but not yet effective The Group has not early applied the following new and amendments to IFRSs and International Accounting Standards (‘‘IASs’’) that have been issued but are not yet effective: IFRS 17 Insurance Contracts and the related Amendments 3 Amendments to IFRS 3 Reference to the Conceptual Framework 2 Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture 4 Amendment to IFRS 16 Covid-19-Related 1 Amendments to IAS 1 Classification of Liabilities as Current or Non-current 3 Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies 3 Amendments to IAS 8 Definition of Accounting Estimate 1 Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction 3 Amendments to IAS 16 Property, Plant and Equipment: Proceeds before Intended Use 2 Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract 2 Amendments to IFRSs Annual Improvements to IFRS Standards 2018-2020 2 1 Effective for annual periods beginning on or after April 1, 2021 2 Effective for annual periods beginning on or after January 1, 2022 3 Effective for annual periods beginning on or after January 1, 2023 4 Effective for annual periods beginning on or after a date to be determined Except for the impact mentioned below, the directors of the Company anticipate that the application of the other new and amendments to IFRSs will have no material impact on the consolidated financial statements in the foreseeable future. 2.3 ISSUED BUT NOT YET EFFECTIVE IFRSs Amendments to IFRS 3 “Reference to the Conceptual Framework” The amendments: • update a reference in IFRS 3 “Business Combinations” so that it refers to the Conceptual Framework for Financial Reporting 2018 issued in June 2018 (the “Conceptual Framework”) instead of Framework for the Preparation and Presentation of Financial Statements (replaced by the Conceptual Framework for Financial Reporting 2010 issued in October 2010); • add a requirement that, for transactions and other events within the scope of IAS 37 “Provisions, Contingent Liabilities and Contingent Assets” or IFRIC - Int 21 Levies, an acquirer applies IAS 37 or IFRIC - Int 21 instead of the Conceptual Framework to identify the liabilities it has assumed in a business combination; and • add an explicit statement that an acquirer does not recogni z The Group will apply the amendments prospectively to business combinations for which the date of acquisition is on or after the beginning of the first annual period beginning on or after 1 January 2022. Amendments to IAS 1 “Classification of Liabilities as Current or Non-current” The amendments provide clarification and additional guidance on assessment of right to defer settlement for at least twelve months from reporting date for classification of liabilities as current or non-current, • specify that the classification of liabilities as current or non-current (i) the classification should not be affected by management intentions or expectations to settle the liability within 12 months; and (ii) if the right is conditional on the compliance with covenants, the right exists if the conditions are met at the end of the reporting period, even if the lender does not test compliance until a later date; and • clarify that if a liability has terms that could, at the option of the counterparty, result in its settlement by the transfer of the entity’s own equity instruments, these terms do not affect its classification as current or non-current z Based on the Group’s outstanding liabilities as at 31 December 2021, the application of the amendments will not result in reclassification of the Group’s liabilities as the convertible bond has been converted in January 2022. Amendments to IAS 1 and IFRS Practice Statement 2 “Disclosure of Accounting Policies” IAS 1 is amended to replace all instances of the term “significant accounting policies” with “material accounting policy information”. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The amendments also clarify that accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material. If an entity chooses to disclose immaterial accounting policy information, such information must not obscure material accounting policy information. IFRS Practice Statement 2 “Making Materiality Judgements” (the “Practice Statement”) is also amended to illustrate how an entity applies the “four-step materiality process” to accounting policy disclosures and to judge whether information about an accounting policy is material to its financial statements. Guidance and examples are added to the Practice Statement. The application of the amendments is not expected to have significant impact on the financial position or performance of the Group but may affect the disclosures of the Group’s significant accounting policies. Amendments to IAS 8 “Definition of Accounting Estimates” The amendments define accounting estimates as “monetary amounts in financial statements that are subject to measurement uncertainty”. An accounting policy may require items in financial statements to be measured in a way that involves measurement uncertainty — that is, the accounting policy may require such items to be measured at monetary amounts that cannot be observed directly and must instead be estimated. In such a case, an entity develops an accounting estimate to achieve the objective set out by the accounting policy. Developing accounting estimates involves the use of judgements or assumptions based on the latest available, reliable information. In addition, the concept of changes in accounting estimates in IAS 8 is retained with additional clarifications. The application of the amendments is not expected to have significant impact on the Group’s consolidated financial statements. 2.4 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries for the years ended December 31, 2019, 2020 and 2021. A subsidiary is an entity, directly or indirectly, controlled by the Company. Control is achieved when the Group has power over investee, is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee (i.e., existing rights that give the Group the current ability to direct the relevant activities of the investee). The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control described above. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. The results of subsidiaries are consolidated from the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. Profit or loss and each item of other comprehensive income, if any, is attributed to the owners of the parent of the Group (including ordinary shareholders and holders of perpetual securities) and to the non-controlling non-controlling Fair value measurement The Group measures its derivative financial instruments, debt and equity investments at fair value at the end of each reporting period. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 — based on quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly Level 3 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recogni z Impairment of non-financial At the end of the reporting period, the Group reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that these assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the relevant asset is estimated in order to determine the extent of the impairment loss (if any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that they may be impaired. The recoverable amount of property, plant and equipment, and intangible assets are estimated individually. When it is not possible to estimate the recoverable amount individually, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. In testing a cash-generating unit for impairment, corporate assets are allocated to the relevant cash-generating unit when a reasonable and consistent basis of allocation can be established, or otherwise they are allocated to the smallest group of cash generating units for which a reasonable and consistent allocation basis can be established. The recoverable amount is determined for the cash-generating unit or group of cash-generating units to which the corporate asset belongs, and is compared with the carrying amount of the relevant cash-generating unit or group of cash-generating units. Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset (or a cash-generating unit) for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or a cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or a cash-generating unit) is reduced to its recoverable amount. For corporate assets or portion of corporate assets which cannot be allocated on a reasonable and consistent basis to a cash-generating unit, the Group compares the carrying amount of a group of cash-generating units, including the carrying amounts of the corporate assets or portion of corporate assets allocated to that group of cash-generating units, with the recoverable amount of the group of cash-generating units. In allocating the impairment loss, the impairment loss is allocated first to reduce the carrying amount of any goodwill (if applicable) and then to the other assets on a pro-rata basis based on the carrying amount of each asset in the unit or the group of cash-generating units. The carrying amount of an asset is not reduced below the highest of its fair value less costs of disposal (if measurable), its value in use (if determinable) and zero. The amount of the impairment loss that would otherwise have been allocated to the asset is allocated pro rata to the other assets of the unit or the group of cash-generating units. An impairment loss is recognized immediately in profit or loss. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit or a group of cash-generating units) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or a cash-generating unit or a group of cash-generating units) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss. Related parties A party is considered to be related to the Group if: (a) the party is a person or a close member of that person’s family and that person (i) has control or joint control over the Group; (ii) has significant influence over the Group; or (iii) is a member of the key management personnel of the Group or of a parent of the Group; or (b) the party is an entity where any of the following conditions applies: (i) the entity and the Group are members of the same group; (ii) one entity is an associate or joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of the other entity); (iii) the entity and the Group are joint ventures of the same third party; (iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v) the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group; and the sponsoring employers of the post-employment benefit plan; (vi) the entity is controlled or jointly controlled by a person identified in (a); (vii) a person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and (viii) the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the parent of the Group. Property, plant and equipment and depreciation Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. The cost of an item of property, plant and equipment comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to profit or loss in the year in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Depreciation is calculated on a straight-line basis to write off the cost of each item of property, plant and equipment to its residual value over its estimated useful life. The principal annual rates used for this purpose are as follows: Furniture and fixtures 20 % Computer equipment 33 1 3 % Where parts of an item of property, plant and equipment have different useful lives, the cost of that item is allocated on a reasonable basis among the parts and each part is depreciated separately. Residual values, useful lives and the depreciation method are reviewed, and adjusted if appropriate, at least at each financial year end. An item of property, plant and equipment including any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on disposal or retirement recognized in profit or loss in the year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of the relevant asset.​​​​​​​ Intangible assets (other than goodwill) Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination or asset acquisition is the fair value at the date of acquisition. The useful lives of intangible assets are assessed to be either finite or indefinite. Intangible assets with indefinite useful lives are tested for impairment annually either individually or at the cash-generating unit level. Such intangible assets are not amortized. The useful life of an intangible asset with an indefinite life is reviewed annually to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is accounted for on a prospective basis. Licenses Purchased licenses are stated at cost less any impairment losses and have indefinite useful life. Financial instruments — Investments and other financial assets Initial recognition and measurement The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of accounts receivable that do not contain a significant financing component or for which the Group has applied the practical expedient of not adjusting the effect of a significant financing component, the Group initially measures a financial asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Accounts receivable that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15 Revenue from Contracts with Customers (“IFRS 15”) in accordance with the policies set out for “Revenue recognition” below. In order for a financial asset to be classified and measured at amortized cost, the contractual terms needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding and the financial asset needs to be held within a business model whose objective is to collect contractual cash flows. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows. Financial assets classified and measured at fair value through other comprehensive income are held within a business model with the objective to hold financial assets in order to sell and collect contractual cash flows. Financial assets which are not held within the aforementioned business models are classified and measured at fair value through profit or loss. All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost (debt instruments) Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the consolidated statements of profit or loss when the asset is derecognized, modified or impaired. The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating interest income and interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts and payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the consolidated statements of financial position at fair value with net changes in fair value recognized in profit or loss. This category includes debt investments at fair value through profit or loss, derivative instruments and equity investments which the Group had not irrevocably elected to classify at fair value through other comprehensive income. Dividend income which is derived from Group’s ordinary course of business is recognized as revenue in the consolidated statements of profit or loss when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably. Derecognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognized (i.e., removed from the Group’s consolidated statements of financial position) when: • the rights to receive cash flows from the asset have expired; or • the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a “pass-through” arrangement, it evaluates if, and to what extent, it has retained the risk and rewards of ownership of the asset. When it has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group’s continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay. Impairment of financial assets The Group recognizes an allowance for expected credit losses (“ECLs”) for debt instruments or financial assets at amortized cost. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. General approach For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months 12-month At each reporting date, the Group assesses whether the credit risk on a financial asset has increased significantly since initial recognition. When making the assessment, the Group compares the risk of a default occurring on the financial asset as of the reporting date with the risk of a default occurring on the financial asset as of the date of initial recognition and considers reasonable and supportable information that is available without undue cost or effort, including historical and forward-looking information available without undue cost of effort. The Group considers a financial asset in default when contractual payments are 90 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. Financial assets at amortized cost are subject to impairment under the general approach and they are classified within the following stages for measurement of ECLs except for accounts receivable arising from IFRS 15 which apply the simplified approach as detailed below. Stage 1 — Financial assets for which credit risk has not increased significantly since initial recognition and for which the loss allowance is measured at an amount equal to 12-month Stage 2 — Financial assets for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets and for which the loss allowance is measured at an amount equal to lifetime ECLs Stage 3 — Financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired) and for which the loss allowance is measured at an amount equal to lifetime ECLs Interest income is calculated based on the gross carrying amount of the financial asset unless the financial asset is credit-impaired, in which case interest income is calculated based on amortized cost of the financial asset. Simplified approach For accounts receivable arising from IFRS 15 that do not contain a significant financing component or when the Group applies the practical expedient of not adjusting the effect of a significant financing component, the Group applies the simplified approach in calculating ECLs. Under the simplified approach, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. Financial liabilities Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at amortized cost or at fair value through profit or loss (warrants and derivative financial instruments), as appropriate. All financial liabilities are recognized initially at fair value and, in the case of financial liabilities at amortized cost, net of directly attributable transaction costs. Transaction costs directly attributable to the acquisition of financial liabilities at fair value through profit or loss are recognized immediately in profit or loss. The Group’s financial liabilities include accounts payable, bank borrowings, financial liabilities included in other payables and accruals, derivative financial liability and convertible bond. Subsequent measurement The subsequent measurement of financial liabilities depends on their classification as follows: Financial liabilities at amortized cost After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the effective interest rate amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in profit or loss. Convertible bonds If the conversion option of convertible bond exhibits characteristics of an embedded derivative (when the conversion option that will be settled other than by the exchange of a fixed amount of another financial asset for a fixed number of the Group’s own equity instruments, it is a conversion option derivation), it is separated from its liability component. On initial recognition, the derivative component of the convertible bond is measured at fair value and presented separately as derivative financial instruments. Transaction costs are apportioned between the liability and derivative components of the convertible bond based on the allocation of proceeds to the liability and derivative components when the instruments are initially recognized. The portion of the transaction costs relating to the liability component is recognized initially as part of the liability. The portion relating to the derivative component is recognized immediately in the statement of profit or loss. Derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially d

Significant Accounting Estimate

Significant Accounting Estimates and Judgements	12 Months Ended
	Dec. 31, 2021
Accounting judgements and estimates [Abstract]
Significant Accounting Estimates and Judgements	3. SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS The preparation of the Group’s financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and their accompanying disclosures. Uncertainty about these assumptions and estimates could result in outcomes that could require a material adjustment to the carrying amounts of the assets or liabilities affected in the future. Judgements In the process of applying the Group’s accounting policies, management has made the following judgements, apart from those involving estimations, which have the most significant effect on the amounts recognized in the consolidated financial statements: Deferred tax and current/non-current Significant judgements on the tax treatment of unrealized gain on certain investments under strategic investment segment are required in determining current income and deferred tax provisions. The Group’s intention has always been to hold these investments for capital appreciation. However, there is uncertainty on whether it is probable that the unrealized gain can be treated as capital in nature and not assessable for profit tax under the relevant tax laws. As such, deferred tax provisions have been recorded under certain circumstances. These investments have also been classified as current assets accordingly for the respective periods. Periodical reviews are performed by the Group to assess the intention of the Group and classification of the investments. During the year ended December 31, 2020, the Group carried out periodical review based on the internal policy and re-evaluated re-classified non-current non-current Estimation uncertainty The key assumptions concerning the future and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below: Fair value of unlisted equity investments As of December 31, 2020 and 2021, the fair value of the unlisted equity investment-Investment B (Note 13) and Investment C (Note 13) were estimated using an equity valuation allocation (“EVA”) valuation technique relying on the hybrid method, considering two scenarios in a probability weighted expected return method (‘‘PWERM’’) framework, and using the option pricing method (‘‘OPM’’) to allocate value in the IPO exit scenario. The valuation requires the management to consider two scenarios in its PWERM analysis which was non-IPO the equity value of unlisted equity investment-Investment B and Investment C were estimated using forward price/earnings (“P/E”) ratio as the valuation multiple. As of December 31, 2020, the fair value of unlisted equity investment-Investment D (Note 13) was determined by considering the prices of recent transactions of the same instruments with the same rights of the same issuers. As of December 31, 2020, the fair value of unlisted equity investment-Investment E (Note 13) was based on the prices of recent transactions of the same instruments with the same rights of the same issuers. During the year ended December 31, 2021, the valuation technique for the fair value of Investment E has been changed due to the lack of recent transaction price. Thus, the instruments were transferred from Level 2 to Level 3 category. The fair value of this investment as at December 31, 2021 was measured using an EVA valuation technique relying on P/E ratio as the valuation multiple. As of December 31, 2021, the fair value of unlisted equity investment-Investment G (Note 13) was estimated using an asset-based valuation. The asset-based approach measures the value of Investment G by making reference to the value of individual assets and liabilities. Adjustments are made to the balance sheet based on the differences between the fair value and book value of the assets and liabilities. The adjusted net asset value represents the fair value of Investment G. As of December 31, 2021, the fair value of unlisted equity investment-Investment F (Note 13) and Investment H (Note 13) were determined by the recent transaction price. As of December 31, 2020, the fair value of unlisted equity investment-Investment I (Note 13) was estimated with reference to the unadjusted market price of the underlying listed equity securities. Fair value of derivative financial instrument The fair value of the derivative financial assets was estimated using the Geometric Brownian Motion and simulated using the Monte Carlo Simulation (‘‘MCS’’) and was determined based on significant observable and unobservable inputs including the current stock price, dividend yield, risk-free rate, volatility of the underlying equity securities and the credit rating of the counterparty on the valuation date. MCS is a financial model that is commonly used to simulate variables that are highly unpredictable. The valuations performed using the MCS require management to estimate the volatility of the underlying equity securities and the credit rating of the counterparty and hence the valuations are subject to estimation uncertainty. The Group classifies the fair value of derivative financial instrument as Level 3.

Operating Segment Information

Operating Segment Information	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
Operating Segment Information	4. OPERATING SEGMENT INFORMATION For management purposes, the Group is organized into business units based on their products and services and has three reportable operating segments as follows: (a) The investment banking segment assists customers in raising funds through equity and debt financing, providing underwriting for initial public offerings (“IPOs”), private placements and debt issuances and providing financial advisory services (including but not limited to domestic and cross border advisory services for merger and acquisitions). (b) The asset management segment provides a wide range of asset management products and services, including in relation to listed equity, fixed income securities, hedge funds, structured products, foreign exchange, private equities, alternative investments, discretionary account services, investment advisory services and external asset management services. (c) The strategic investment segment engages in proprietary investments and management of investment portfolio in Hong Kong, China and Singapore. Management monitors the results of the Group’s operating segments separately for the purpose of making decisions about resources allocation and performance assessment. Segment performance is evaluated based on reportable segment result, which is a measure of profit before tax from operations. The profit before tax from operations is measured after allocation of ECL, attributable costs of specialized staff, commission paid to asset management segment and finance costs to strategic investment segment consistently with the Group’s profit before tax from operations. Net fair value change on derivative financial liability, other income and corporate expenses such as staff costs not directly attributable to segment, office rental and administrative expenses are excluded from such measurement. Segment assets exclude property, plant and equipment, amounts due from immediate holding company, prepayments, deposits and other receivables, cash and bank balances and other unallocated head office and corporate assets as these assets are managed on a group basis. Segment liabilities exclude tax payable, convertible bond, derivative financial liability, bank borrowings and other unallocated head office and corporate liabilities as these liabilities are managed on a group basis. Segment revenue and results For the year ended December 31, 2019 Investment Asset Strategic Total HK$ HK$ HK$ HK$ Segment revenue Revenue —from contract with customers 455,955,912 124,050,364 — 580,006,276 —others — — 624,167,735 624,167,735 455,955,912 124,050,364 624,167,735 1,204,174,011 Segment results 413,354,182 109,182,198 624,167,734 1,146,704,114 Unallocated other income 22,088,780 Unallocated finance costs (27,705,955 ) Corporate and other unallocated expenses (151,832,967 ) Profit before tax 989,253,972 Other segment information Depreciation 113,919 Capital expenditure 13,710 For the year ended December 31, 2020 Investment Asset Strategic Total HK$ HK$ HK$ HK$ Segment revenue Revenue —from contract with customers 376,324,880 230,938,245 — 607,263,125 —others — — 511,277,048 511,277,048 376,324,880 230,938,245 511,277,048 1,118,540,173 Segment results 339,933,098 225,338,122 511,277,048 1,076,548,268 Unallocated other income 111,867,468 Unallocated finance costs (21,510,079 ) Unallocated net changes in fair value on derivative financial liability 7,765,148 Corporate and other unallocated expenses (173,250,588 ) Profit before tax 1,001,420,217 Other segment information Depreciation 30,374 Capital expenditure 110,734 For the year ended December 31, 2021 Investment Asset Strategic Total HK$ HK$ HK$ HK$ Segment revenue Revenue —from contract with customers 597,097,663 83,379,973 — 680,477,636 —others — — 717,366,581 717,366,581 597,097,663 83,379,973 717,366,581 1,397,844,217 Segment results 580,773,498 77,730,949 717,366,581 1,375,871,028 Unallocated other income 125,538,171 Unallocated finance costs (12,825,923 ) Corporate and other unallocated expenses (157,406,721 ) Profit before tax 1,331,176,555 Other segment information Depreciation 44,226 Segment assets and liabilities December 31, 2020 2021 HK$ HK$ Segment assets Investment banking 21,976,920 54,763,265 Asset management 265,452,001 182,765,945 Strategic investment 3,280,242,681 3,755,921,604 Total segment assets 3,567,671,602 3,993,450,814 Unallocated corporate assets 6,958,618,685 2,693,387,229 Total assets 10,526,290,287 6,686,838,043 Segment liabilities Asset management 249,257,201 155,651,880 Unallocated corporate liabilities 552,857,491 742,312,989 Total liabilities 802,114,692 897,964,869 Geographical information The following table sets forth the Group’s revenue from with For the year ended December 31, 2019 Investment Asset Total HK$ HK$ HK$ Hong Kong 118,086,900 21,441,042 139,527,942 Mainland China 300,078,498 92,797,260 392,875,758 United States 30,342,514 3,229,613 33,572,127 Others 7,448,000 6,582,449 14,030,449 455,955,912 124,050,364 580,006,276 For the year ended December 31, 2020 Investment Asset Total HK$ HK$ HK$ Hong Kong 212,766,711 21,836,318 234,603,029 Mainland China 163,447,101 192,391,853 355,838,954 Others 111,068 16,710,074 16,821,142 376,324,880 230,938,245 607,263,125 For the year ended December 31, 2021 Investment Asset Total HK$ HK$ HK$ Hong Kong 567,806,733 13,407,540 581,214,273 Mainland China 29,290,930 66,206,429 95,497,359 Others — 3,766,004 3,766,004 597,097,663 83,379,973 680,477,636 The Group’s revenue is derived solely from its operations in Hong Kong based on the location in which contracts were executed and services were rendered. As of December 31, 2020 and 2021, non-current Information about major customers During the year ended December 31, 2019 and 2020, no revenue derived from a single customer accounted for 10% or more of the total revenue of the Group. During the year ended December 31, 2021, one of the customers contributed 19.7% of the revenue of the Group.

Revenue and Other Income

Revenue and Other Income	12 Months Ended
	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue and Other Income	5. REVENUE AND OTHER INCOME An analysis of revenue is as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Revenue from contracts with customers Investment banking Investment banking fee and income 455,955,912 376,324,880 597,097,663 Asset management Management fee and performance-based incentive fee 103,509,196 196,352,216 57,230,194 Brokerage and handling fees 19,383,099 33,359,007 25,356,917 Others 1,158,069 1,227,022 792,862 124,050,364 230,938,245 83,379,973 580,006,276 607,263,125 680,477,636 Revenue from other sources Strategic investments Dividend income 92,316,548 88,078,159 48,711,208 Gain related to disposed investments 8,235,180 82,948,508 125,112,176 100,551,728 171,026,667 173,823,384 Net fair value changes on financial assets at fair value through profit or loss and stock loan -from listed equity shares, at quoted price (683,060,000 ) (371,305,326 ) 54,008,047 -from unlisted equity shares ( note a) 41,456,007 313,561,520 543,543,197 -from unlisted equity linked notes — 26,688,861 — Total net fair value changes on financial assets at fair value through profit or loss and stock loan (641,603,993 ) (31,054,945 ) 597,551,244 Net fair value changes on derivative financial asset 1,165,220,000 371,305,326 (54,008,047 ) 624,167,735 511,277,048 717,366,581 Total revenue 1,204,174,011 1,118,540,173 1,397,844,217 Note: (a) For the year ended December 2019, 2020 and 2021, net fair value gain arising from investments in equity securities of related parties are HK$ Nil, HK$336,403,752 and HK$545,199,207, respectively (Note 27( A (i) Disaggregated revenue information The Company assesses revenues based upon the nature or type of goods or services it provides and the operating segments of the related businesses. For more information on the operating segments, see Note 4, ‘‘Operating Segment Information’’. The following tables present disaggregated revenue information: For the year ended December 31, 2019 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 403,573,912 — — 403,573,912 Financial advisory fee 52,382,000 — — 52,382,000 Asset management Management fee and performance-based incentive fee — 103,509,196 — 103,509,196 Brokerage and handling fee — 19,383,099 — 19,383,099 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — (641,603,993 ) (641,603,993 ) Net fair value changes on derivative financial asset — — 1,165,220,000 1,165,220,000 Gain related to disposed investment — — 8,235,180 8,235,180 Dividend income — — 92,316,548 92,316,548 Others — 1,158,069 — 1,158,069 Total 455,955,912 124,050,364 624,167,735 1,204,174,011 Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 403,573,912 20,541,168 424,115,080 Services transferred over time 52,382,000 103,509,196 155,891,196 Total revenue from contracts with customers 455,955,912 124,050,364 580,006,276 For the year ended December 31, 2020 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 165,472,605 — — 165,472,605 Financial advisory fee 210,852,275 — — 210,852,275 Asset management Management fee and performance-based incentive fee — 196,352,216 — 196,352,216 Brokerage and handling fee — 33,359,007 — 33,359,007 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — (31,054,945 ) (31,054,945 ) Net fair value changes on derivative financial asset — — 371,305,326 371,305,326 Gain related to disposed investment — — 82,948,508 82,948,508 Dividend income — — 88,078,159 88,078,159 Others — 1,227,022 — 1,227,022 Total 376,324,880 230,938,245 511,277,048 1,118,540,173 Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 165,472,605 34,586,029 200,058,634 Services transferred over time 210,852,275 196,352,216 407,204,491 Total revenue from contracts with customers 376,324,880 230,938,245 607,263,125 For the year ended December 31, 2021 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 29,051,940 — — 29,051,940 Financial advisory fee 568,045,723 — — 568,045,723 Asset management Management fee and performance-based incentive fee — 57,230,194 — 57,230,194 Brokerage and handling fee — 25,356,917 — 25,356,917 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — 597,551,244 597,551,244 Net fair value changes on derivative financial asset — — (54,008,047 ) (54,008,047 ) Gain related to disposed investments — — 125,112,176 125,112,176 Dividend income — — 48,711,208 48,711,208 Others — 792,862 — 792,862 Total 597,097,663 83,379,973 717,366,581 1,397,844,217 Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 596,858,673 26,149,779 623,008,452 Services transferred over time 238,990 57,230,194 57,469,184 Total revenue from contracts with customers 597,097,663 83,379,973 680,477,636 The following table shows the amount of revenue recognized in the current period that were included in the contract liabilities at the beginning of the reporting period: As of December 31, 2020 2021 HK$ HK$ Revenue recognized Asset management 94,328,532 46,640,036 (ii) Performance obligations The transaction prices allocated to the remaining performance obligations of asset management services (unsatisfied or partially unsatisfied) as of December 31, 2020 and 2021 are as follows: As of December 31, 2020 2021 HK$ HK$ Within one year 35,716,912 630,962 More than one year 11,554,086 — 47,270,998 630,962 The performance obligations expected to be recognized in more than one year relate to upfront fee that are to be satisfied within two years. All the other remaining performance obligations are expected to be recognized within one year. As of December 31, 2021, the decrease of upfront fees in the categories of “within one year” and “more than one year” was due to early termination of certain contracts of asset management services in the current year and the Group recognized revenue of HK$15,563,437 for the non-refundable receipt in advance from the customer during the year ended December 31, 2021 in respect of such early terminated contracts. Other income For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Bank interest income 1,115,839 67,783 15,174 Interest income from the immediate holding company (Note 27( A B 17,562,104 101,159,079 116,028,045 Government grant — 3,061,665 — Others 3,412,325 7,578,941 9,494,952 22,090,268 111,867,468 125,538,171 During the year ended December 31, 2020, the Group recognized Covid-19

Other Operating Expenses

Other Operating Expenses	12 Months Ended
	Dec. 31, 2021
Operating Income Expense [Abstract]
Other Operating Expenses	6. OTHER OPERATING EXPENSES Other operating expenses included in the consolidated statements of profit or loss and other comprehensive income are as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Other operating expenses Marketing and brand promotional expenses 12,903,989 5,696,606 597,566 Premises costs and office utilities —Premises costs 11,965,344 14,244,127 14,226,081 —Office utilities 9,152,802 6,601,790 7,821,627 21,118,146 20,845,917 22,047,708 Traveling and business development expenses 19,362,587 5,636,354 3,747,166 Commissions and bank charges 2,307,050 1,957,433 1,308,425 Office and maintenance expenses 1,430,834 175,348 55,192 Administrative service fee 12,000,000 24,330,000 24,330,000 Legal and professional fees —Auditor’s remuneration 11,402,267 12,068,575 7,343,259 —Other legal and professional fees 11,776,501 12,434,767 8,636,734 —Professional indemnity expense — 11,811,165 8,683,032 23,178,768 36,314,507 24,663,025 Staff welfare and staff recruitment expenses 2,471,705 1,223,673 2,322,035 Others —Depreciation 113,919 30,374 44,226 —Foreign exchange differences, net 12,596,647 3,222,789 963,422 —Other expenses 7,213,210 4,290,210 3,715,247 19,923,776 7,543,373 4,722,895 114,696,855 103,723,211 83,794,012

Staff Costs

Staff Costs	12 Months Ended
	Dec. 31, 2021
Classes of employee benefits expense [abstract]
Staff Costs	7. STAFF COSTS For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Salaries and bonuses 93,703,848 93,660,617 94,776,416 Pension scheme contributions (defined contribution schemes) 903,649 749,664 809,482 94,607,497 94,410,281 95,585,898

Finance Costs

Finance Costs	12 Months Ended
	Dec. 31, 2021
Finance Costs [Abstract]
Finance Costs	8. FINANCE COSTS An analysis of finance costs is as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Interests on margin loans payable 27,705,955 12,475,296 — Interests on convertible bond — 7,717,348 8,085,419 Interests on bank borrowings — 1,317,435 4,740,504 27,705,955 21,510,079 12,825,923

Income Tax Expense_(Credit)

Income Tax Expense/(Credit)	12 Months Ended
	Dec. 31, 2021
Major components of tax expense (income) [abstract]
Income Tax Expense/(Credit)	9. INCOME TAX EXPENSE/(CREDIT) Hong Kong profits tax has been provided at the rate of 16.5% (2020: 16.5%; 2019: 16.5%) on the estimated assessable profits arising in Hong Kong: For the year ended December 31, Note 2019 2020 2021 HK$ HK$ HK$ Hong Kong profits tax Charge for the year 69,585,469 96,708,600 104,423,916 Overprovision in prior year — (143,606 ) — Deferred tax 3, 22 79,556,400 (242,913,577 ) — The People’s Republic of China withholding tax Charge for the year 9,207,649 8,807,816 4,871,121 158,349,518 (137,540,767 ) 109,295,037 Under the two-tiered 2 2 two-tiered 8.25 2 2 The directors of the Company considered the amount involved upon implementation of the two-tiered 2 2 A reconciliation of tax expense/(credit) and profit before tax at the Hong Kong statutory tax rate in which the Group’s major operating subsidiaries are domiciled is as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Profit before tax 989,253,972 1,001,420,217 1,331,176,555 Tax at statutory tax rate of 16.5% 163,226,906 165,234,336 219,644,132 Tax effect of two-tiered — (165,000 ) (165,000 ) Tax effect of non-taxable (23,255,305 ) (79,190,106 ) (95,836,917 ) Tax effect of distribution to perpetual securities holders that are deductible for tax purpose — — (20,747,569 ) Tax effect of non-deductible 8,952,076 10,887,971 1,566,657 Tax effect of unrecognized temporary difference 223,434 (25,011 ) (4,075 ) Tax effect of deferred tax liability reversed — (242,913,577 ) — Tax effect of tax loss not recognized 24,541 — — Overprovision in prior year — (143,606 ) — Utilization of tax losses previously not recognized (29,783 ) (33,590 ) (33,312 ) Withholding tax on the dividend income 9,207,649 8,807,816 4,871,121 Income tax expense/(credit) 158,349,518 (137,540,767 ) 109,295,037

Earnings Per Share Attributable

Earnings Per Share Attributable To Ordinary Equity Holders of The Parent	12 Months Ended
	Dec. 31, 2021
Earnings/(loss) Per Share Attributable To Ordinary Equity Holders of The Parent
Earnings Per Share Attributable To Ordinary Equity Holders of The Parent	10. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT The Company’s ordinary shares are divided into Class A ordinary shares and Class B ordinary shares. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote and is not convertible into Class B ordinary share under any circumstances. Each Class B ordinary share is entitled to twenty votes and is convertible into one Class A ordinary share at any time by the holder thereof. The basic earnings per share attributable to Class A ordinary equity holders and Class B ordinary equity holders are calculated by dividing the profit for the year attributable to Class A ordinary equity holders and Class B ordinary equity holders of the parent by the number of Class A ordinary shares and Class B ordinary shares, respectively, as if the Reorganization had taken place on January 1, 2019 as mentioned in Note 1.2. For the year ended December 31, 2020, the diluted earnings per share attributable to Class A ordinary equity holders and Class B ordinary equity holders are based on the profit for the year attributable to Class A ordinary equity holders and Class B ordinary equity holders of the parent, adjusted to reflect the interest on the convertible bond, net fair value change of derivative financial liability and the foreign exchange effect of the convertible bond and derivative financial liability of HK$7,717,348, HK$7,765,148 and HK$ , respectively. The weighted average number of ordinary shares used in the calculation is the number of ordinary shares in issue during the year, as used in the basic earnings per share calculation plus the weighted average number of ordinary shares assumed to have been issued on the deemed exercise or conversion of all dilutive potential ordinary shares into ordinary shares. For the year ended December 31, 2021, the computation of diluted earnings per share has not taken into account the effect of convertible bond which is anti-dilutive. Basic and diluted earnings per share for each of the periods presented are calculated as follows: For the year ended December 31, 2019 2020 2021 Basic earnings per share: Numerator: Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class A 69,906,757 249,206,548 299,742,816 Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class B 868,366,128 810,766,722 796,709,268 Denominator: Weighted average number of Class A ordinary shares outstanding—basic 16,112,737 57,474,495 62,327,851 Weighted average number of Class B ordinary shares outstanding—basic 200,148,822 186,987,093 165,665,944 Basic earnings per share (HK$) Class A 4.34 4.34 4.81 Basic earnings per share (HK$) Class B 4.34 4.34 4.81 Diluted earnings per share: Numerator: Profit attributable to ordinary equity holders of the parent used in the diluted earnings per share calculation (HK$)-diluted Class A 69,906,757 248,629,790 299,742,816 Profit attributable to ordinary equity holders of the parent used in the diluted earnings per share calculation (HK$)-diluted Class B 868,366,128 810,766,722 796,709,268 Denominator: Weighted average number of Class A ordinary shares outstanding—diluted 16,117,254 58,966,142 62,327,851 Weighted average number of Class B ordinary shares outstanding—diluted 200,204,936 186,987,093 165,665,944 Diluted earnings per share (HK$) Class A 4.34 4.22 4.81 Diluted earnings per share (HK$) Class B 4.34 4.34 4.81 Number of shares For the year ended December 31, 2019 2020 2021 Shares: Weighted average number of Class A ordinary shares in issue during the year used in the basic earnings per share calculation 16,112,737 57,474,495 62,327,851 Effect of dilution – weighted average number of ordinary shares: Warrants 864 — — Convertible bond 3,653 1,491,647 — 16,117,254 58,966,142 62,327,851 Weighted average number of Class B ordinary shares in issue during the year used in the basic earnings per share calculation 200,148,822 186,987,093 165,665,944 Effect of dilution – weighted average number of ordinary shares: Warrants 10,728 — — Convertible bond 45,386 — — 200,204,936 186,987,093 165,665,944 Other than disclosed above and disclosed elsewhere in these consolidated financial statements, there have been no other transactions involving Class A and Class B ordinary shares between the reporting date and the date of authorization of these financial statements and no other potential ordinary shares in issue.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2021
Trade and other receivables [abstract]
Accounts Receivable	11. ACCOUNTS RECEIVABLE As of December 31, Notes 2020 2021 HK$ HK$ Receivable from investment banking services (i) 21,976,920 54,763,265 Receivable from brokers and clearing house (ii) 19,864,662 21,406,257 Clients’ receivables (ii) 35,508,668 10,345,158 77,350,250 86,514,680 Notes: (i) The normal settlement terms of receivables from investment banking services are specific terms mutually agreed between the contracting parties. Receivable from investing banking services is non-interest 20 (ii) A s of J 1, 2020, the Gr ou s service of HK$ 3,197,245. non-interest agreed between the contracting parties. The normal settlement terms of the remaining clients’ receivables and receivable from brokers and clearing house arising from asset management services are 2 days after trade date or at specific terms agreed with brokers and clearing house. Overdue clients’ receivable is interest-bearing. The Group seeks to maintain strict control over its outstanding receivables and has a credit control team to minimi z t hold any collateral over its accounts receivable. An aging analysis of the accounts receivable as of the end of the reporting periods, based on the invoice date, net of loss allowance is as follows: As of December 31, 2020 2021 HK$ HK$ Not yet due 67,241,210 74,048,058 Past due Within 1 month 7,797,011 53,633 1 to 3 months 221,183 5,165,947 Over 3 months 2,090,846 7,247,042 77,350,250 86,514,680 As of December 31, 2020 and 2021, accounts receivable was due from a number of reputable corporate clients, brokers and individual clients. An impairment analysis of clients’ receivables, receivable from brokers and clearing house, and receivable from investment banking services is performed at each reporting date using probability of default approach to measure expected credit losses. The probability of default and loss given default are estimated based on the Group’s assessment on credit ratings of the accounts receivable and historical loss experience. The notion or categorization of credit risk rating is for internal risk management purposes and is not equivalent to the similar terms applied by other credit rating agencies. The calculation reflects the probability-weighted outcome, the time value of money and reasonable and supportable information that is available at the reporting date about past events, current conditions and forecasts of future economic conditions. The calculation of ECL considers forward looking information through the use of publicly available economic data and forecasts and management judgement to reflect the qualitative factors and through the use of multiple probability weighted scenarios. An was made on receivables with gross amount of HK$ 17,109,001 As of December 31, 2020, the probability of default ranged from 0.11% to 30.91% and the loss given default was estimated to be 45%. As of December 31, 2021, the probability of default ranged from 0.12% to 4.98% and the loss given default was estimated to be 45%. Internal credit risk rating AAA AA A BBB BB CCC Total As of December 31, 2020 Expected credit loss rate — — 0.07 % 0.05 % — 0.56 % — Gross carrying amount (HK$‘000) — — 21,977 52,723 — 2,650 77,350 Internal credit risk rating AAA AA A BBB BB CCC Total As of December 31, 2021 Expected credit loss rate — — 0.10 % 0.17 % — 0.10 % — Gross carrying amount (HK$‘000) — — 54,763 24,218 — 7,534 86,515 The expected credit losses as of December 31, 2020 and 2021 were immaterial and no loss allowance for accounts receivable was provided.

Prepayments, Deposits And Other

Prepayments, Deposits And Other Receivables	12 Months Ended
	Dec. 31, 2021
Prepayments, Deposits And Other Receivables [Abstract]
Prepayments, Deposits And Other Receivables	12. PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES As of December 31, 2020 2021 HK$ HK$ Prepayments 23,221,564 20,720,272 Deposits 559,933 516,399 Other receivables 1,090,894 679,711 24,872,391 21,916,382 Deposits and other receivables mainly represent deposits with the Hong Kong Stock Exchange. Where applicable, an impairment analysis is performed at each reporting date by considering the probability of default of comparable companies with published credit ratings. As of December 31, 2020 and 2021, the probability of default applied ranged from 0.09% to 0.44% and the loss given default was estimated to be 45%. The recoverability was assessed with reference to the credit status of the debtors, and the expected credit loss as of December 31, 2020 and 2021 is considered to be minimal. None of the above assets is either past due or credit-impaired. The financial assets included in the above balances relate to receivables for which there was no recent history of default.

Financial Assets At Fair Value

Financial Assets At Fair Value Through Profit Or Loss And Stock Loan	12 Months Ended
	Dec. 31, 2021
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Abstract]
Financial Assets At Fair Value Through Profit Or Loss And Stock Loan	13. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS AND STOCK LOAN As of December 31, 2020 2021 HK$ HK$ Financial assets at fair value through profit or loss, other than stock loan 1,377,856,715 2,574,695,685 Stock loan 878,483,400 211,331,400 Total financial assets at fair value through profit or loss 2,256,340,115 2,786,027,085 Listed equity shares, at quoted price —Investment A 1,001,399,213 1,055,407,260 Total listed equity shares, at quoted price 1,001,399,213 1,055,407,260 Unlisted equity shares —Investment B 85,706,112 86,195,893 —Investment C 24,111,436 21,954,381 —Investment D 190,038,137 — — Investment E (Note 27( A 892,565,280 1,120,244,487 —Investment F — 9,979,264 — Investment G (Note 27( A — 480,700,000 —Investment H — 11,545,800 Total unlisted equity shares 1,192,420,965 1,730,619,825 Unlisted equity linked notes —Investment I 62,519,937 — Total unlisted equity linked notes 62,519,937 — 2,256,340,115 2,786,027,085 The above unlisted investments at December 31, 2020 and 2021 were equity shares investments issued by enterprises. Financial assets at fair value through profit or loss are categorized into levels 1 to 3. Refer to Note 29 for more information. On September 17, 2017, the Group entered into certain stock lending agreements with a then shareholder of our immediate holding company, pursuant to which the Group lent certain listed equity shares of Investment A to the then shareholder, who further pledged the shares to a third party as collateral as of December 31, 2020 and these shares have been settled during the year ended December 31, 2021. On May 1, 2020, the Group entered into a stock lending agreement with the then fellow subsidiary pursuant to which the Group lent certain listed equity shares of Investment A to the then fellow subsidiary and these shares have been returned during the year ended December 31, 2021. On December 28, 2021, the Group entered into a stock lending agreement with a related company, pursuant to which the Group lent certain listed equity shares of Investment A to the related company, with an interest of 2% per annum based on market value of the listed equity shares of the previous month end. As of December 31, 2020 and 2021, the fair values of the listed equity shares underlying the stock loan were HK$878,483,400 and HK$211,331,400 respectively. In addition, the net fair value changes on the stock loan were HK$324,855,300 and HK$47,378,880 for the years ended December 31, 2020 and 2021, respectively. During the year ended December 31, 2020, the Group obtained certain ownership interest in Investment E (AMTD Digital Inc., a fellow subsidiary) in exchange for extinguishment current accounts due from the immediate holding company. The Group does not have right to participate in its policy-making processes, to appoint director nor management or to interchange managerial personnel; accordingly, the Group concluded that it does not have significant influence to direct the relevant activities of the investee and classified the investment as a financial asset at fair value through profit or loss. During the year ended December 31, 2021, the Group obtained certain ownership interest in Investment G (AMTD Assets Alpha Group, a fellow subsidiary) in exchange for extinguishment of HK$163,180,000 of current accounts due from the immediate holding company. The Group does not have right to participate in its policy-making processes, to appoint director nor management or to interchange managerial personnel; accordingly, the Group concluded that it does not have significant influence to direct the relevant activities of the investee and classified the investment as a financial asset at fair value through profit or loss. During the year ended December 31, 2020, on the Group’s periodic review, the Group re-evaluated non-current.

Derivative Financial Asset

Derivative Financial Asset	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Derivative Financial Asset	14. DERIVATIVE FINANCIAL ASSET On April 1, 2019, two subsidiaries of the Group entered into “Upside Participation and Profit Distribution Agreements” (the “Agreements”) with a counterparty in relation to the movement of the share price of the entirety of the listed shares of Investment A (Note 13) that the Group owns (“Underlying Assets”). The Agreements have an original term of 12 months and can be extended for any further period or terminated at any time upon mutual agreement of the contracting parties. Pursuant to the Agreements: (a) The counterparty is entitled to 25% (the “Sharing Percentage”) of the gain of the Underlying Assets if the quoted market price or disposal price of the Underlying Assets is higher than HK$8.1 per share (the “Underlying Price”); (b) The counterparty shall pay a sum equivalent to the loss if the quoted market price or disposal price of the Underlying Assets is lower than Underlying Price (“Participation Cost”); and (c) Dividend or cash distributions generated from the Underlying Assets during the term of the Agreements shall be received by the Group for its sole benefit and shall not be included in the computation of the Profit or the Participation Cost. Further addendums to the Agreements were entered into on June 30, July 1, September 30 and December 31, 2019, March 31, June 26, June 30, September 30 and December 31, 2020 (the “Addendums”), where: • On June 30, 2019, the term of the Agreements was modified from 12 months to 3 months and could be roll-forward for an additional three-month period upon mutual agreement between the contracting parties provided that the Underlying Assets are not fully disposed by the Group on the termination date. • On July 1, 2019, the Agreements were extended for a 3-month • On September 30 and December 31, 2019 and March 31, 2020, the Agreements were extended for another three-month period and thus lastly to June 30, 2020. • On June 26, 2020, the underlying listed shares have been partially sold, in which 176,766,469 underlying shares were sold to the counterparty at the disposal price of HK$5.5 per share, and HK$618,682,641 was paid by the counterparty to settle 176,766,469 notional of the derivatives reflecting the difference between disposal price and Underlying Price. Accordingly, corresponding revisions were made to the Agreements to reflect the reduction in the number of underlying listed shares. • On June 30 and September 30, the Agreements were further extended for an additional three months period and thus till December 31, 2020. • On October 27, 2020, the Agreements was novated by the original counterparty to an external third party. • On December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021, December 31, 2021 and March 31, 2022, the Agreements were extended for an additional three month period in each case and thus cumulatively till June 30, 2022. In December 2019, the controlling person of the original counterparty, with which the Group has entered into the Agreements, was appointed as a Director to the Board of Directors of the Company. Accordingly, the counterparty became a related party of the Company until October 27, 2020 when the Agreements were novated to an external party. The Agreements together with the Addendums satisfied the definition of derivative financial asset in accordance with IFRS 9 and were stated at fair value with any subsequent changes recognized in profit or loss. The table below shows the movement of: (i) the profit or loss not recognized when the derivative financial asset was initially recognized (Day 1 profit or loss); (ii) net carrying amount presented in the consolidated statements of financial position; and (iii) net changes in fair value on derivative financial asset presented in the consolidated statements of profit or loss and other comprehensive income Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value z HK$ HK$ HK$ HK$ At January 1, 2020 1,147,372,779 17,847,221 1,165,220,000 — Recogni z - Changes in fair value 307,143,221 — 307,143,221 307,143,221 - Recognition of day 1 profit or loss — (17,847,221 ) (17,847,221 ) (17,847,221 ) At March 31, 2020 1,454,516,000 — 1,454,516,000 289,296,000 Contract renegotiation on March 31, 2020 (17,215,921 ) 17,215,921 — — At March 31, 2020 1,437,300,079 17,215,921 1,454,516,000 289,296,000 Recogni z e - Changes in fair value (13,291,518 ) — (13,291,518 ) (13,291,518 ) - Partial settlement on June 26, 2020 (618,682,641 ) — (618,682,641 ) — - Gain related to disposed investment 106,059,881 — 106,059,881 — - Recognition of day 1 profit or loss — (17,215,921 ) (17,215,921 ) (17,215,921 ) At June 30, 2020 911,385,801 — 911,385,801 258,788,561 Contract renegotiation on June 30, 2020 (3,679,712 ) 3,679,712 — — At June 30, 2020 907,706,089 3,679,712 911,385,801 258,788,561 Recogni z - Changes in fair value 93,693,124 — 93,693,124 93,693,124 - Recognition of day 1 profit or loss — (3,679,712 ) (3,679,712 ) (3,679,712 ) At September 30, 2020 1,001,399,213 — 1,001,399,213 348,801,973 Contract renegotiation on September 30, 2020 (3,040,097 ) 3,040,097 — — At September 30, 2020 998,359,116 3,040,097 1,001,399,213 348,801,973 Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value HK$ HK$ HK$ HK$ Recognized in profit and loss prior to contract renegotiation on December 31, 2020 - Changes in fair value 25,543,450 — 25,543,450 25,543,450 - Recognition of day 1 profit or loss — (3,040,097 ) (3,040,097 ) (3,040,097 ) At December 31, 2020 1,023,902,566 — 1,023,902,566 371,305,326 Contract renegotiation on December 31, 2020 12,266,453 (12,266,453 ) — — At December 31, 2020 1,036,169,019 (12,266,453 ) 1,023,902,566 371,305,326 Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value z HK$ HK$ HK$ HK$ At December 31, 2020 1,036,169,019 (12,266,453 ) 1,023,902,566 — Recogni z - Changes in fair value (12,266,453 ) — (12,266,453 ) (12,266,453 ) - Recognition of day 1 profit or loss — 12,266,453 12,266,453 12,266,453 At March 31, 2021 1,023,902,566 — 1,023,902,566 — Contract renegotiation on March 31, 2021 (1,678,713 ) 1,678,713 — — At March 31, 2021 1,022,223,853 1,678,713 1,023,902,566 — Recogni z - Changes in fair value (34,326,652 ) — (34,326,652 ) (34,326,652 ) - Recognition of day 1 profit or loss — (1,678,713 ) (1,678,713 ) (1,678,713 ) At June 30, 2021 987,897,201 — 987,897,201 (36,005,365 ) Contract renegotiation on June 30, 2021 2,956,755 (2,956,755 ) — — At June 30, 2021 990,853,956 (2,956,755 ) 987,897,201 (36,005,365 ) Recogni z - Changes in fair value 89,306,993 — 89,306,993 89,306,993 - Recognition of day 1 profit or loss — 2,956,755 2,956,755 2,956,755 At September 30, 2021 1,080,160,949 — 1,080,160,949 56,258,383 Contract renegotiation on September 30, 2021 1,046,618 (1,046,618 ) — — At September 30, 2021 1,081,207,567 (1,046,618 ) 1,080,160,949 56,258,383 Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value HK$ HK$ HK$ HK$ Recognized in profit and loss prior to contract renegotiation on December 31, 2021 - Changes in fair value (111,313,048 ) — (111,313,048 ) (111,313,048 ) - Recognition of day 1 profit or loss — 1,046,618 1,046,618 1,046,618 At December 31, 2021 969,894,519 — 969,894,519 (54,008,047 ) Contract renegotiation on December 31, 2021 (1,507,769 ) 1,507,769 — — At December 31, 2021 968,386,750 1,507,769 969,894,519 (54,008,047 ) As of December 31, 2021, the counterparty of the derivative contracts pledged certain listed securities as collateral in favour of the Company which had a market value of HK$3,089,570,978 (2020: HK$2,860,797,360).

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2021
Disclosure Of Detailed Information About Other Assets [Abstract]
Other Assets	15. OTHER ASSETS The Group maintains segregated bank accounts with corporate banks to hold clients’ monies on trust under custody arising from its asset management and other business. The Group has classified the clients’ monies as other assets under the assets section of the consolidated statements of financial position and recognized the corresponding amounts as clients’ monies held on trust in accounts payable (Note 19) to respective clients on the basis that it is legally liable for any possible loss or misappropriation of the clients’ monies. The cash held on behalf of customers is restricted and governed by the Securities and Futures (Client Money) Rules under the Hong Kong Securities and Futures Ordinance (“HKSFO”). As of December 31, 2020 2021 HK$ HK$ Segregated clients’ bank accounts balances: - Asset management business 194,907,501 135,843,360 - Others 2,401,674 222,378 197,309,175 136,065,738

Cash And Bank Balances

Cash And Bank Balances	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents [abstract]
Cash And Bank Balances	16. CASH AND BANK BALANCES As of December 31, 2020 2021 HK$ HK$ Cash and cash equivalents: - Cash on hand 31,031 595,992 - General bank accounts 453,935,733 525,610,116 Total cash and cash equivalents 453,966,764 526,206,108

Property, Plant And Equipment

Property, Plant And Equipment	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Property, Plant And Equipment	17. PROPERTY, PLANT AND EQUIPMENT Furniture Computer Total HK$ HK$ HK$ Cost: At January 1, 2020 11,090 4,073,634 4,084,724 Additions — 110,734 110,734 At December 31, 2020 and January 1, 2021 and December 31, 2021 11,090 4,184,368 4,195,458 Accumulated depreciation: At January 1, 2020 (8,496 ) (4,045,231 ) (4,053,727 ) Charge for the year (2,218 ) (28,156 ) (30,374 ) At December 31, 2020 and January 1, 2021 (10,714 ) (4,073,387 ) (4,084,101 ) Charge for the year (376 ) (43,850 ) (44,226 ) At December 31, 2021 (11,090 ) (4,117,237 ) (4,128,327 ) Carrying amount: At January 1, 2020 2,594 28,403 30,997 At December 31, 2020 376 110,981 111,357 At December 31, 2021 — 67,131 67,131

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of Intangible assets [Abstract]
Intangible Assets	18. INTANGIBLE ASSETS HK$ Net carrying amount as of December 31, 2020 and December 31, 2021 15,171,170 The intangible assets represented securities trading licenses and trading right with indefinite useful lives because they are expected to contribute to the net cash flows of the Group indefinitely and therefore, are not amortized. The recoverable amount of the intangible assets is determined by reference to the market evidence of recent transaction prices for similar licensed corporations.

Accounts Payable

Accounts Payable	12 Months Ended
	Dec. 31, 2021
Trade and other payables [abstract]
Accounts Payable	19. ACCOUNTS PAYABLE As of December 31, Note 2020 2021 HK$ HK$ Clients’ payables (i) 138,747 146,917 Payables to clearing house and brokers (i) 1,311,748 8,590,241 Clients’ monies held on trust (Note 15) 200,535,707 146,283,760 201,986,202 155,020,918 Note: (i) As of December 31, 2020 and 2021, payables to clearing house and brokers and clients’ payable arising from assets management business are repayable 2 days after trade date or at pre-agreed An aging analysis of the accounts payable as of the end of the reporting period is as follows: As of December 31, 2020 2021 HK$ HK$ Within 1 month 1,450,495 155,020,918 Repayable on demand 200,535,707 — 201,986,202 155,020,918 The balances of accounts payable are unsecured and non-interest-bearing.

Bank Borrowings

Bank Borrowings	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]
Bank Borrowings	20. BANK BORROWINGS A currency analysis of bank borrowings at the end of the reporting periods is as follows: As of December 31, 2020 2021 HK$ HK$ Hong Kong dollars 116,000,000 116,000,000 United States dollars 116,280,000 272,870,500 232,280,000 388,870,500 As of December 31, 2020 and 2021, the bank borrowings were unsecured, repayable in one year or on demand and bore average interest rate of 2.1% p.a.. As of December 31, 2020 and 2021, the Group’s aggregate banking facilities amounted to US$30,000,000 (equivalent to HK$232,560,000) and US$50,000,000 (equivalent to HK$389,815,000) of which HK$232,280,000 and HK$388,870,500 were utilized.

Other Payables And Accruals

Other Payables And Accruals	12 Months Ended
	Dec. 31, 2021
Accrued Expenses And Other Liabilities [Abstract]
Other Payables And Accruals	21. OTHER PAYABLES AND ACCRUALS As of December 31, Note 2020 2021 HK$ HK$ Accruals and other payables 81,054,895 91,594,587 Contract liabilities (i) 47,270,998 630,962 128,325,893 92,225,549 Note: (i) Contract liabilities include upfront fees received to deliver asset management services. Movements in contract liabilities during the years ended December 31, 2020 and 2021 are as follows: HK$ At January 1, 2020 111,974,163 Upfront fee received during the year 38,201,342 Revenue recogni z (102,904,507 ) At December 31, 2020 47,270,998 Revenue recogni z (46,640,036 ) At December 31, 2021 630,962

Deferred Tax Liabilities

Deferred Tax Liabilities	12 Months Ended
	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]
Deferred Tax Liabilities	22. DEFERRED TAX LIABILITIES The movements in deferred tax liabilities during the years are as follows: Unreali z HK$ At January 1, 2020 242,913,577 Deferred tax charged to profit or loss during the year (Note 9) (242,913,577 ) At December 31, 2020 and January 1, 2021 and D — During the year ended December 31, 2020, the Group had re-evaluated z z As of December 31, 2020 and 2021, the Group had estimated tax losses arising in Hong Kong of HK$550,615 and HK$348,724 subject to the agreement by the Hong Kong Inland Revenue Department, that are available indefinitely for offsetting against future taxable profits of the companies in which the losses arose. Deferred tax assets have not been recogni z z z

Convertible Bond and Derivative

Convertible Bond and Derivative Financial Liability	12 Months Ended
	Dec. 31, 2021
Borrowings [abstract]
Convertible Bond and Derivative Financial Liability	23. CONVERTIBLE BOND AND DERIVATIVE FINANCIAL LIABILITY On December 19, 2019, the Company issued 2% convertible bond with a principal amount of US$15,000,000. There was no movement in the number of u n 1,000 on June 30, 2023. The convertible bond has been converted in January 2022. On initial recognition, the derivative component of the convertible bond is measured at fair value and presented as a derivative financial liability. The movement of convertible bond during the years ended December 31, 2020 and 2021 are as follows: Liability Derivative HK$ HK$ At January 1, 2020 95,995,690 20,813,810 Interest for the year 7,717,348 — Fair value gain recogni z — (7,765,148 ) Exchange alignment (434,609 ) (94,349 ) At December 31, 2020 103,278,429 12,954,313 Interest for the year 8,085,419 — Exchange alignment 606,536 798,360 At December 31, 2021 111,970,384 13,752,673

Share Capital, Capital Reserve

Share Capital, Capital Reserve and Treasury Shares	12 Months Ended
	Dec. 31, 2021
Disclosure of classes of share capital [abstract]
Share Capital, Capital Reserve and Treasury Shares	24. SHARE CAPITAL, CAPITAL RESERVE AND TREASURY SHARE S Each Class A ordinary share shall entitle the holder thereof to one vote on all matters subject to vote at general meetings of the Company, and each Class B ordinary share shall entitle the holder thereof to twenty votes on all matters subject to vote at general meetings of the Company. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Each Class A ordinary share is not convertible into Class B ordinary shares under any circumstances. Except for the voting rights and the conversion rights, the Class A ordinary shares and the Class B ordinary shares shall rank pari passu with one another and shall have the same rights, preferences, privileges and restrictions. As of December 31, 2021, the Company had ordinary shares outstanding comprising of 62,327,851 Class A ordinary shares and 183,283,628 Class B ordinary shares (including those repurchased), and 2021 Numbers of shares Notes Class A Class B Class B treasury At January 1, 2019 — 200,000,001 — Exercise of warrants (i ) 1,666,666 — — Pre-IPO (ii ) 8,236,838 — — Initial public offering (iii ) 23,873,655 — — New issuance of shares (iv ) 7,307,692 4,526,627 — At December 31, 2019 41,084,851 204,526,628 — Conversion of class B ordinary shares to class A ordinary shares 21,243,000 (21,243,000 ) — At December 31, 2020 and January 1, 2021 62,327,851 183,283,628 — Repurchase of ordinary shares (v ) — (69,144,673 ) 69,144,673 As December 31, 2021 62,327,851 114,138,955 69,144,673 Notes: (i) On March 6, 2019, the Company issued warrants for an aggregate consideration of US$2 million (equivalent to HK$15,699,600). Each warrant entitles the holder thereof to subscribe for one ordinary share at a subscription price of US$7.2. On April 10, 2019, the warrant holder exercised the warrants in full and paid an additional amount of US$10 million for 1,666,666 Class A ordinary shares. As of December 31, 2019 and 2020, the Company had no warrants outstanding, respectively. (ii) Between April 26, 2019 and June 19, 2019, the Company issued 8,236,838 Class A ordinary shares to third parties investors for an aggregate consideration of US$53.5 million for the pre-IPO (iii) On August 5, 2019, the Company completed its Initial Public Offering (“IPO”) on the New York Stock Exchange under the symbol of “HKIB”. The Company issued an aggregate 23,873,655 ADSs, representing 23,873,655 Class A Ordinary Shares for total net proceeds of HK$1,507.2 million after deducting listing expenses of HK$58.3 million. (iv) In December 2019, the Company issued an aggregate of 7,307,692 Class A ordinary shares and 4,526,627 Class B ordinary shares, both with par value US$0.0001 per share, for an aggregate amount of US$100 million (representing a per share price of US$8.45) to Value Partners Greater China High Yield Income Fund, Ariana Capital Investment Limited, and Infinity Power Investments Limited in the form of private placement. Infinity Power Investments Limited is a British Virgin Islands company wholly owned by Mr. Calvin Choi, founder of the Company. (v) On September 30, 2021, the Company repurchased 69,144,673 Class B ordinary shares from the immediate holding company, amounting to HK$5,000,000,000.

Perpetual Securities

Perpetual Securities	12 Months Ended
	Dec. 31, 2021
Disclosure Of Perpetual Securities [Abstract]
Perpetual Securities	25. PERPETUAL SECURITIES On May 14, 2020, the Company issued US$200,000,000 (equivalent to HK$1,550,020,000) and SGD50,000,000 (equivalent to HK$272,890,845) of perpetual securities at initial distribution rate of 7.25% p.a. (the “Perpetual Securities I”) and 4.5% p.a. (the “Perpetual Securities II”) which are listed on Hong Kong Stock Exchange and Singapore Stock Exchange respectively (collectively the “Perpetual Securities”). Of which, US$38,920,000 (equivalent to HK$301,633,892) of Perpetual Securities I and SGD14,740,000 (equivalent to HK$80,448,221) of Perpetual Securities II were issued in settlement for the redemption of Perpetual Securities issued by the immediate holding company in 2017. The consideration amounting to HK$382,082,113 was settled through the current account with the immediate holding company during the year ended December 31, 2020. The direct transaction costs attributable to the Perpetual Securities I and Perpetual Securities II in aggregate amounted to HK$4,460,393. Distributions of the Perpetual Securities I and Perpetual Securities II may be paid semi-annually in arrears on May 14 and November 14 in each year and may be deferred at the discretion of the Company unless a compulsory distribution payment event (including distributions to ordinary shareholders of the Company) has occurred. Following a deferral, arrears of distributions are cumulative. The Perpetual Securities I are unsecured, have no fixed maturity date and are callable at the Company’s option in whole on May 14, 2023 (“First Reset Date”) or any Distribution Payment Date falling after the First Reset Date at their principal amounts together with any accrued, unpaid or deferred distributions. The applicable distribution rate will reset, on First Reset Date and every three years after the First Reset Date, to the sum of the initial spread of 7.011% p.a., the Treasury Rate and a step-up The Perpetual Securities II are unsecured, have no fixed maturity date and are callable at the Company’s option in whole on May 14, 2025, which is five years after the issue date or any Distribution Payment Date thereafter at their principal amounts together with any accrued, unpaid or deferred distributions. On October 27, 2021, the Group has early redeemed principal amount of SGD11,188,000 (equivalent to HK$65,104,192) of Perpetual Securities II at the redemption price equal to 75%. A gain of HK$15,949,627 was recorded directly in the retained earnings. The Perpetual Securities are included in equity in the Group’s consolidated financial statements as the Group does not have a contractual obligation to deliver cash or other financial assets arising from the issue of the Perpetual Securities. For the year ended December 31, 2020 and 2021, the profit attributable to holders of Perpetual Securities based on the applicable distribution rate, was HK$78,987,714 and HK$125,742,843, respectively, where any distribution could be deferred at the discretion of the Company unless a compulsory distribution payment event (including distributions to ordinary shareholders of the Company) has occurred. The Company distributed HK$62,753,625 and HK$124,279,754 to the holders of perpetual securities during the year ended December 31, 2020 and 2021, respectively.

Notes To The Consolidated State

Notes To The Consolidated Statements Of Cash Flows	12 Months Ended
	Dec. 31, 2021
Disclosure Of Cash Flow Information [Abstract]
Notes To The Consolidated Statements Of Cash Flows	26. NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS (a) Major non-cash Save as disclosed elsewhere in these consolidated financial statements, the following non-cash On April 10, 2019, the warrant holder exercised the warrants in full and paid an additional amount of US$10 million for 1,666,666 Class A ordinary shares which was an equity transaction, therefore, the warrant was derecognized as a financial liability and the Company recognized in equity the sum of the additional amount received from the warrant holder and the carrying amount of the warrant. During the year ended December 31, 2020, the Group subscribed two equity linked notes for a consideration of HK$ issued by the tw o former subsidiaries. The underlying securities for an equity linked note were disposed by one of the former fellow subsidiaries, triggering a settlement of equity linked note for a consideration of HK$ . The Group recognized a gain of HK$ from this transaction which was settled in 2020 through the current accounts with AMTD Group under the central treasury agreement. During the year ended December 31, 2021, the underlying securities for the other equity linked note were disposed by one of the former The Group recognized a gain related to the disposed investment of from this transaction which was settled through the current accounts with AMTD Group. During the year ended December 31, 2021, the Group disposed financial assets at fair value through profit or loss of HK$196,036,584 to a former fellow subsidiary. The Group recognized a gain related to the disposed investment of HK$ 5,998,446 The consideration of HK$ 196,036,584 During the year ended December 31, 2021, the Group purchased financial asset s from AMTD Group. The consideration was settled through the current accounts with AMTD Group. During the year ended December 31, 2021, the Group repurchased 69,144,673 Class B ordinary shares from AMTD Group amounting to The consideration was settled through current account with AMTD Group. (b) Changes in liabilities arising from financing activities Margin Derivative Convertible Bank Total HK$ HK$ HK$ HK$ HK$ At January 1, 2019 321,999,549 — — — 321,999,549 Cash flow from financing activities (31,983,066 ) 20,813,810 95,995,690 — 84,826,434 Interest expenses 27,705,955 — — — 27,705,955 At December, 31 2019 317,722,438 20,813,810 95,995,690 — 434,531,938 Cash flow from financing activities (330,197,734 ) — — 230,962,565 (99,235,169 ) Interest expenses 12,475,296 — 7,717,348 1,317,435 21,510,079 Fair value gain recognized in profit or loss — (7,765,148 ) — — (7,765,148 ) Exchange alignment — (94,349 ) (434,609 ) — (528,958 ) At December 31, 2020 — 12,954,313 103,278,429 232,280,000 348,512,742 Cash flow from financing activities — — — 151,263,786 151,263,786 Interest expenses — — 8,085,419 4,740,504 12,825,923 Exchange alignment — 798,360 606,536 586,210 1,991,106 At December 31, 2021 — 13,752,673 111,970,384 388,870,500 514,593,557 (c) Changes in balances with related parties For the year ended December 31, 2019 Related Fellow Immediate company Investing activities — — (2,957,926,150 ) Net cash outflow — — (2,957,926,150 ) For the year ended December 31, 2020 Related Fellow Immediate company Investing activities — — (3,581,230,632 ) Net cash outflow — — (3,581,230,632 ) For the year ended December 31, 2021 Related Fellow Immediate company Investing activities — — (348,701,497 ) Net cash outflow — — (348,701,497 )

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related party transactions [abstract]
Related Party Transactions	27. RELATED PARTY TRANSACTIONS ( A In addition to the transactions disclosed elsewhere in these consolidated financial statements, the Group had the following transactions with related parties during the years: For the year ended December 31, Notes 2019 2020 2021 HK$ HK$ HK$ Underwriting services rendered to immediate holding company (i) 26,420,072 — — Financial advisory services rendered to fellow subsidiaries (i) 15,691,000 30,231,825 — Financial advisory services rendered to related companies controlled by a director of the Company (i) — 95,513,306 — Financial advisory services rendered to former fellow subsidiaries (i) — — 104,300,690 Asset management service fee income from a related party controlled by a director of the Company (i) 478,611 2,672,527 — Investment banking service income from a related party controlled by a director of the Company (i) 2,999,584 — — Management fee paid to immediate holding company (i) 150,000 150,000 150,000 Investment advisory fee paid to a fellow subsidiary (i) 180,000 180,000 180,000 Insurance commission paid to a fellow subsidiary (i) 84,133 105,251 58,228 Asset management services rendered to fellow subsidiaries (i) 457,431 1,362 1,147,769 Acquisition of investments from immediate holding company (ii)(a) — 556,161,528 163,180,000 Acquisition of investments from fellow subsidiaries (ii)(b) — 148,671,602 11,545,800 Disposal of an investment to a former fellow subsidiary (ii)(c) — — 196,036,584 For the year ended December 31, Notes 2019 2020 2021 HK$ HK$ HK$ Administrative service fee paid to immediate holding company (iii) 12,000,000 24,000,000 24,000,000 Interest income from immediate holding company (iv) 17,562,104 101,159,079 116,028,045 Stock loan interest income from a former fellow subsidiary (i) — — 34,740 Recharge from/(to) immediate holding company —Staff costs 17,936,752 20,156,843 22,081,545 —Premises cost 5,300,986 14,010,263 13,964,993 —Office renovation 869,214 — — —Other operating expenses, net 9,798,649 — — (iii) 33,905,601 34,167,106 36,046,538 Treasury shares repurchased from immediate holding company — — 5,000,000,000 Perpetual securities redeemed from a fellow subsidiary — — 4,648,331 Perpetual securities redeemed from a former fellow subsidiary — — 35,719,218 Net changes in fair value on derivative financial asset entered into with a related party (v) 1,165,220,000 321,797,949 — Consideration received for disposal of investments to a related party (v) — 972,215,580 — Consideration received for settlement of derivatives contracts with a related party (v) — 618,682,641 — Notes: (i) The terms of these services were comparable to the fee and conditions offered to the major customers of the Group. (ii) (a) In 2020, the transaction represented the acquisition of 14.4% interest in a fellow subsidiary, AMTD Digital Inc., from AMTD Group based on fair value at the date of acquisition. In 2021, the transaction represented the acquisition of 19.9% interest in another fellow subsidiary, AMTD Assets Alpha Group, from AMTD Group based on the investee’s net asset value on the date of acquisition. The unrealized fair value gain on these two investments for the year ended December 31, 2021 amounted to HK$545.2 million (2020: HK$336.4 million). Also refer to note 32 for the subsequent event relating to the acquisition of further interest in AMTD Digital Inc. (ii) (b) In 2020, the transactions represented the acquisition of equity linked notes from a former fellow subsidiaries based on the fair value as of the date of acquisition. In 2021, the transaction represented the acquisition of an unlisted equity investment from a fellow subsidiary. The related realized and unrealized fair value gain recognized for the year ended December 31, 2020 was HK$82,948,508 and HK$26,688,861, respectively. The related realized and unrealized fair value gain recognized for the year ended December 31, 2021 was HK$119,113,730 and HK$Nil, respectively. (c) The transaction represented the disposal of unlisted equity investment to a related company based on the fair value as of the date of disposal. The gain on disposal amounted to HK$5,998,446. (iii) During the year ended December 31, 2019, staff costs, office renovation and other operating expenses (e.g. advertisement and promotional expense) were recharged by the immediate holding company based on the proportion of the Company’s revenue to the consolidated revenue of the immediate holding company, net of expenses incurred by the Group. Premises cost was recharged based on actual usage. Starting from the third quarter of fiscal year 2019, the immediate holding company charged a fixed service fee of HK$6,000,000 per quarter in place of recharging arrangement for certain operating expenses. (iv) The transaction represented the interest income charged at 2% per annum (Note 5) on the outstanding amount due from the immediate holding company which was payable on demand. (v) In December 2019, the controlling person of the counterparty, with which the Group has entered into the Agreements (Note 14), was appointed as a Director to the Board of Directors of the Company. Accordingly, the counterparty became a related party of the Company. On October 27, 2020, the Agreements were novated to an external party. (B) In addition to balances disclosed elsewhere in these consolidated financial statements, the Group had the following outstanding balances with related parties: (i) Treasury functions of the Group are conducted centrally under AMTD Group and inter-company fund transfers were carried out among the entities within AMTD Group. The treasury function manages available funds at AMTD Group level and allocates the funds to various entities within AMTD Group for their operations. On August 5, 2019, the Group entered into an intercompany financing agreement with its immediate holding company. Under such agreement, any intercompany receivables and payables balances with the immediate holding company and the fellow subsidiaries shall be settled on a net basis with the immediate holding company. As of December 31, 2020 and 2021, the net balance between the Group and the immediate holding company was an amount due from immediate holding company of HK$6,477,266,499 and HK$2,144,975,230 respectively, which bears interest at 2% per annum and are unsecured and repayable on demand. The Group did not have any outstanding balances with its fellow subsidiaries. For the years ended December 31, 2019, 2020 and 2021, there was no provision for credit loss on amounts due from immediate holding company. (C) Compensation of key management personnel of the Group: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Short-term employee benefits 43,062,534 32,692,568 22,426,846 Other long-term benefit 92,700 54,745 55,200 43,155,234 32,747,313 22,482,046

Financial Instruments By Catego

Financial Instruments By Category	12 Months Ended
	Dec. 31, 2021
Disclosure of financial assets [abstract]
Financial Instruments By Category	28. FINANCIAL INSTRUMENTS BY CATEGORY The carrying amounts of each of the categories of financial instruments as of the end of the reporting period are as follows: As of December 31, 2020 Financial assets Financial assets at Mandatorily fair value Financial assets at z cost Total HK$ HK$ HK$ Accounts receivable — 77,350,250 77,350,250 Financial assets included in prepayments, deposits and other receivables — 1,650,827 1,650,827 Due from immediate holding company — 6,477,266,499 6,477,266,499 Financial assets at fair value through profit or loss 1,377,856,715 — 1,377,856,715 Stock loan 878,483,400 — 878,483,400 Derivative financial asset 1,023,902,566 — 1,023,902,566 Other assets — 197,309,175 197,309,175 Cash and bank balances — 453,966,764 453,966,764 3,280,242,681 7,207,543,515 10,487,786,196 Financial liabilities Financial Financial Total HK$ HK$ HK$ Accounts payable — 201,986,202 201,986,202 Financial liabilities included in other payables and accruals — 54,162,984 54,162,984 Bank borrowings — 232,280,000 232,280,000 Derivative financial liability 12,954,313 — 12,954,313 Convertible bond — 103,278,429 103,278,429 12,954,313 591,707,615 604,661,928 As of December 31, 2021 Financial assets Financial assets at Mandatorily fair value Financial assets z Total HK$ HK$ HK$ Accounts receivable — 86,514,680 86,514,680 Financial assets included in prepayments, deposits and other receivables — 1,196,110 1,196,110 Due from immediate holding company — 2,144,975,230 2,144,975,230 Financial assets at fair value through profit or loss 2,574,695,685 — 2,574,695,685 Stock loan 211,331,400 — 211,331,400 Derivative financial asset 969,894,519 — 969,894,519 Other assets — 136,065,738 136,065,738 Cash and bank balances — 526,206,108 526,206,108 3,755,921,604 2,894,957,866 6,650,879,470 Financial liabilities Financial Financial Total HK$ HK$ HK$ Accounts payable — 155,020,918 155,020,918 Financial liabilities included in other payables and accruals — 72,107,680 72,107,680 Bank borrowings — 388,870,500 388,870,500 Derivative financial liability 13,752,673 — 13,752,673 Convertible bond — 111,970,384 111,970,384 13,752,673 727,969,482 741,722,155

Fair Value and Fair Value Hiera

Fair Value and Fair Value Hierarchy of Financial Instruments	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Fair Value and Fair Value Hierarchy of Financial Instruments	29. FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS The carrying amounts and fair values of the Group’s financial instruments measured at fair value are as follows: Carrying amounts Fair values As of December 31, As of December 31, 2020 2021 2020 2021 HK$ HK$ HK$ HK$ Financial assets Financial assets at fair value through profit or loss 1,377,856,715 2,574,695,685 1,377,856,715 2,574,695,685 Derivative financial asset 1,023,902,566 969,894,519 1,036,169,019 968,386,750 Stock loan 878,483,400 211,331,400 878,483,400 211,331,400 3,280,242,681 3,755,921,604 3,292,509,134 3,754,413,835 Financial liabilities Derivative financial liability 12,954,313 13,752,673 12,954,313 13,752,673 Management has assessed that the fair values of cash and cash balances, accounts receivable, financial assets included in prepayments, deposits and other receivables, amount due from immediate holding company, other assets, accounts payable, financial liabilities included in other payables and accruals and convertible bond, approximate to their carrying amounts largely due to the short-term maturities of these instruments or repayable on demand, or that they are interest-bearing at market rates. The Group’s finance department headed by the finance director is responsible for determining the policies and procedures for the fair value measurement of financial instruments. The finance director reports directly to the chief financial officer. At each reporting date, finance department analyzes the movements in the values of financial instruments and determines the major inputs applied in the valuation. The valuation is reviewed and approved by the chief financial officer. The valuation procedures applied include consideration of recent transactions in the same security or financial instrument, recent financing of the investee companies, economic and market conditions, current and projected financial performance of the investee companies, and the investee companies’ management team as well as potential future strategies to realize the investments. The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values: As of December 31, 2020 and 2021, the fair values of listed equity investments, including the stock loan, and an unlisted equity linked note were based on quoted market prices. The valuation methodologies for material unlisted equity securities are set out in Note 3 to the consolidated financial statements. The fair value of the derivative financial asset in relation the Agreements was estimated using the MCS and was determined based on significant observable and unobservable inputs including the current stock price, dividend yield, risk-free rate, volatility of the underlying equity securities and the credit rating of the counterparty on the valuation date. MCS is a financial model that is commonly used to simulate variables that are highly unpredictable. The valuations performed using the MCS require management to estimate the volatility of the underlying equity securities and the credit rating of the counterparty and hence the valuations are subject to estimation uncertainty. The Group classifies the fair value of derivative financial asset as Level 3. The management believed that the estimated fair values resulting from the valuation technique were reasonable. The accounting policy of the day 1 profit or loss arising from the difference between the transaction price and the fair value upon initial recognition is disclosed in Note 2.4 to the consolidated financial statements. The fair value of the conversion option embedded in the convertible bond is calculated based on the difference of the fair value of convertible bond as a whole using binomial method, and the fair value of the loan using the discounted cash flow method. The valuation of the fair value of convertible bond as a whole requires the Group to determine credit spread, liquidity spread and volatility. Below is summary of significant unobservable inputs t o Valuation Significant Range or Sensitivity of value to the input Unlisted equity investment Investment B Multiple/ EVA Equity volatility 63.61% 5% increase/decrease in volatility results in decrease/increase in fair value by 3.5%/3.3% Unlisted equity investment Investment C Multiple/ EVA Equity volatility 39.64% 5% increase/decrease in volatility results in decrease/increase in fair value by 0.9%/0.9% Average P/E multiple of peers 10.4 5% increase/decrease in P/E multiple Derivative financial asset MCS Volatility of Underlying Assets 46.03% 5% increase/decrease in volatility results in increase/decrease in fair value by 0.23%/0.11% Credit rating BB One rank level increase in credit rating One rank level decrease in credit Derivative financial liability Binomial option pricing model Volatility 56.58% 5% increase/decrease in volatility results in increase/decrease in fair value by 1.63%/1.66% Discount rate 9.77% 5% increase/decrease in credit spread results in increase/decrease in fair value by 8.22%/9.41% Below is summary of significant unobservable inputs to valuation of financial instruments together with a quantitative sensitivity analysis as of December 31, 2021: Valuation Significant Range or Sensitivity of value to the input Unlisted Multiple/EVA Equity volatility 75.29% 5% increase/decrease in volatility results in decrease/increase in fair value by 0%/ 0% Median Forward P/E multiple of peers 2.10 5% increase/decrease in P/E multiple results in increase/decrease in fair value by 0%/ 1.9% Unlisted equity investment Investment C Multiple/EVA Equity volatility 48.52% 5% increase/decrease in volatility results in decrease/increase in fair value by 1.3%/1.3% Median Forward P/E multiple of peers 18.97 5% increase/decrease in P/E multiple results in increase/decrease in fair value by 4.2%/4.3% Unlisted equity investment Investment E Multiple/EVA Average P/E multiple of peers 61.29 5% increase/decrease in P/E multiple results in increase/decrease in fair value by 5.0%/5.0% Discount of lack of marketability 45% 5% increase/decrease in discount of lack of marketability results in decrease/increase in fair value by 4.1%/4.1% Unlisted equity investment Investment G Net Asset Value Method Net Asset Value Note (a) 5% increase/decrease in net asset value results in increase/decrease in fair value by 5.0%/5.0% Derivative financial asset MCS Volatility of Underlying Assets 35.95% 5% increase/decrease in volatility results in increase/decrease in fair value by 0.06% Derivative financial liability Binomial option pricing model Volatility 46.21% 5% increase/decrease in volatility results in increase/decrease in fair value by 0.07%/0.13% Discount rate 12.52% 5% increase/decrease in discount rate results in decrease/increase in fair value by 0.70%/0.71% Note: a. The fair value is derived from the net asset value of Investment G that is mostly attributable from its underlying property investments with their fair value being measured by income approach. The directors of the Company considered that remaining assets or liabilities in Investment G are not significant to the amount of overall investment and approximated to their fair value. Fair Value Hierarchy The following tables illustrate the fair value measurement hierarchy of the Group’s financial instruments: Assets measured at fair value Fair value measurement using Quoted prices in active (Level 1) Recent Significant (Level 3) Total HK$ HK$ HK$ HK$ As of December 31, 2020 Financial assets at fair value through profit or loss 185,435,750 892,565,280 299,855,685 1,377,856,715 Stock loan 878,483,400 — — 878,483,400 1,063,919,150 892,565,280 299,855,685 2,256,340,115 Derivative financial asset — — 1,023,902,566 1,023,902,566 1,063,919,150 892,565,280 1,323,758,251 3,280,242,681 As of December 31, 2021 Financial assets at fair value through profit or loss 844,075,860 21,525,064 1,709,094,761 2,574,695,685 Stock loan 211,331,400 — — 211,331,400 1,055,407,260 21,525,064 1,709,094,761 2,786,027,085 Derivative financial asset — — 969,894,519 969,894,519 1,055,407,260 21,525,064 2,678,989,280 3,755,921,604 Liability measured at fair value Fair value measurement using Quoted prices (Level 1) Recent Significant (Level 3) Total HK$ HK$ HK$ HK$ As of December 31, 2020 Derivative financial liabilities — — 12,954,313 12,954,313 As of December 31, 2021 Derivative financial liabilities — — 13,752,673 13,752,673 Other than the transfer from level 2 to 3 as mentioned in Note 3 during the year ended December 31, 2021, there was no other transfer between levels during the years ended December 31, 2019 and 2020. Transfers between levels of the fair value hierarchy are deemed to occur at the end of each reporting period. The movements in fair value measurements within Level 3 during the years are as follow: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Unlisted equity shares at fair value through profit or loss: At January 1, 281,241,909 322,697,916 299,855,685 Addition — — 163,180,000 Transfer — — 1,120,244,487 Disposal — — (196,036,584 ) Net fair value changes recognized 41,456,007 (22,842,231 ) 321,851,173 At December 31, 322,697,916 299,855,685 1,709,094,761 The total profits for the year included an unrealized gain of HK$315,852,726 relating to level 3 financial assets at FVTPL that are measured at fair value held as at December 31, 2021 (Unrealized gain of HK$41,456,007 and unrealized loss of HK$22,842,231 as at December 31, 2019 and 2020, respectively). Fair value gains or losses on financial assets at FVTPL are included in the “Net fair value changes on financial assets at fair value through profit or loss (except derivative financial assets) and stock loan” line item. For the year ended December 31, 2019 HK$ Warrants at fair value through profit or loss: At January 1, — Issued 15,699,600 Exercised (15,699,600 ) At December 31, — For the year ended December 31, 2020 2021 HK$ HK$ Derivative financial asset (Note 14): At January 1, 1,165,220,000 1,023,902,566 Recognition of day 1 profit or loss deferred on inception of contract, renegotiation and extension (41,782,951 ) 14,591,113 Net fair value gains recogni z 413,088,277 (68,599,160 ) Gain related to disposed investment 106,059,881 — Partial settlement (618,682,641 ) — At December 31, 1,023,902,566 969,894,519 For the year ended December 31, 2020 2021 HK$ HK$ Derivative financial liability (Note 23): At January 1, 20,813,810 12,954,313 Net fair value changes recognized in profit or loss (7,765,148 ) 798,360 Exchange alignment (94,349 ) — At December 31, 12,954,313 13,752,673

Financial Risk Management Objec

Financial Risk Management Objectives and Policies	12 Months Ended
	Dec. 31, 2021
Financial Risk Management Objective And Policies [Abstract]
Financial Risk Management Objectives and Policies	30. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The Group has various financial assets and liabilities such as financial assets at fair value through profit or loss, stock loan, accounts receivable, financial assets included in prepayments, deposits and other receivables, amount due from immediate holding company, other assets, accounts payable, financial liabilities included in other payables and accruals which primarily arise directly from its operations. The main risks arising from the Group’s financial instruments are price risk, foreign currency risk, interest rate risk, credit risk and liquidity risk. Management manages and monitors these risks to ensure appropriate measures are implemented on a timely and effective manner. Price risk Equity price risk is the risk that the fair values of equity investments decrease as a result of changes in the levels of equity indices and the value of individual securities. The Group is exposed to equity securities price risk because certain investments held by the Group are classified in the consolidated statements of financial position as financial assets at fair value through profit or loss. Profit for the year would increase/decrease as a result of gains/losses on equity securities classified as financial assets at fair value through profit or loss. At December 31, 2020 and 2021, if there had been a 5% increase/decrease in the equity price of listed equity shares, included in financial assets at fair value through profit or loss and stock loan, with all other variables held constant, the Group’s profit before tax would have been approximately HK$50,070,000 and HK$52,770,000 higher/lower. At December 31, 2020 and 2021, if there had been a 5% increase/decrease in the equity price of unlisted equity shares and unlisted equity linked notes, included in financial assets at fair value through profit or loss, with all other variables held constant, the Group’s profit before tax would have been approximately HK$62,747,000 and HK$86,531,000 higher/lower. The Group had concentration risk in its strategic investments segment as 100% of stock loan at December 31, 2020 and 2021 were investments in listed equity shares in Investment A and 65% and 43% of financial assets at fair values through profit or loss at December 31, 2020 and 2021 were investments in unlisted equity shares in Investment E. On April 1, 2019, the Group entered Agreements with the counterparty in relation to the movement of the share price of the entirety of the Underlying Assets to reduce the Group’s exposure the changes in fair value of financial assets. The Agreements were modified and renewed several times as disclosed in Note 14. The derivative financial asset is initially recogni z Foreign currency risk Certain transactions of the Group are denominated in foreign currencies which are different from the functional currency of the Group, i.e. HK$, and therefore the Group is exposed to foreign currency risk. The Group currently does not have a foreign currency hedging policy. However, management monitors foreign exchange exposure and will consider hedging significant foreign exchange exposure should the need arise. As HK$ is currently pegged to United States dollars (‘‘US$’’), management considers that there is no significant foreign currency risk arising from the Group’s monetary assets and the liability denominated in US$. The Group’s key currency risk exposure primarily arises from accounts receivable and bank balances denominated in Renminbi (“RMB”), New Taiwan Dollar (“NTD”) and Singapore Dollar (“SGD”). As of December 2020 and 2021 , Interest rate risk The Group is exposed to fair value interest rate risk in relation to fixed-rate amount due from immediate holding company and convertible bond. The Group is also exposed to cash flow interest rate risk in relation to variable-rate bank balances and variable-rate bank borrowings. The Group cash flow interest rate risk is mainly concentrated on the fluctuation of interest rates on bank balances, HIBOR arising from the Group’s HK$ denominated borrowings and LIBOR arising from the Group’s US$ denominated borrowings. The Group aims at keeping borrowings at variable rates. The Group manages its interest rate exposures by assessing the potential impact arising from any interest rate movements based on interest rate level and outlook. The management will review the proportion of borrowings in fixed and floating rates and ensure they are within reasonable range. No sensitivity analysis has been presented for variable rate bank balances and variable rate bank borrowings as the bank deposit and bank borrowings as the cash flow interest exposure is insignificant. Interest rate benchmark reform As listed in Note 20, several of the Group’s HIBOR bank borrowings may be subject to the interest rate benchmark reform. The Group is closely monitoring the market and managing the transition to new benchmark interest rates, including announcements made by the relevant IBOR regulators. HIBOR​​​​​​​ While the Hong Kong Dollar Overnight Index Average (“HONIA”) has been identified as an alternative to HIBOR, there is no plan to discontinue HIBOR. The multi-rate approach has been adopted in Hong Kong, whereby HIBOR and HONIA will co-exist. As part of the Group’s risk management for transition, new contracts entered into by the Group are linked to the relevant alternative benchmark rates or interest rates which are not subject to reform to the extent feasible. Otherwise, the Group ensured the relevant contracts include detailed fallback clauses clearly referencing the alternative benchmark rate and the specific triggering event on which the clause is activated. Subsequent to the year ended December 31, 2021, the HIBOR bank borrowing has been repaid. Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group has adopted a policy of only dealing with creditworthy counterparties, as a means of mitigating the risk of financial loss from defaults. The Group’s exposure of its counterparties is continuously monitored and the aggregate value of transactions concluded is spread amongst approved counterparties. Credit exposure is controlled by counterparty limits that are reviewed and approved by the management periodically. The Group has credit risk exposure in relation the Agreements entered into with a counterparty amounting to HK$1,023,902,566 and HK$969,894,519 as of December 31, 2020 and 2021, respectively (Note 14). On December 20, 2019, the Group entered into a pledge agreement with the same counterparty pursuant to which the counterparty pledged certain listed securities to the Group as collateral. As of December 31, 2020 and 2021, the market value of listed securities pledged to the Group amounted to approximately HK$2,860,797,360 and HK$3,089,570,978, respectively (Note 14). The carrying amount of financial assets recorded in the consolidated financial statements, grossed up for any allowances for losses, represents the Group’s maximum exposure to credit risk. Other than accounts receivable mentioned in Note 11, the credit risk on liquid funds is limited because the counterparties are mainly banks with sound credit. The directors of the Company consider the credit risk on amounts due from immediate holding company is not significant after considering immediate holding company’s financial background and creditability. Maximum exposure and staging as of December 31, 2020 and 2021 As of December 31, 2020 12-month ECLs Lifetime ECLs HK$ Stage 1 HK$ Stage 2 HK$ Stage 3 HK$ Simplified approach HK$ Accounts receivable* 21,165,253 — — 56,184,997 77,350,250 Financial assets included in prepayments, deposits and other receivables —Normal** 1,650,827 — — — 1,650,827 —Doubtful** — — — — — Due from immediate holding company —Normal** 6,477,266,499 — — — 6,477,266,499 —Doubtful** — — — — — Other assets —Not yet past due 197,309,175 — — — 197,309,175 Cash and bank balances —Not yet past due 453,966,764 — — — 453,966,764 7,151,358,518 — — 56,184,997 7,207,543,515 * For accounts receivable to which the Group applies the simplified approach for impairment, information based on the provision matrix and internal credit rating mentioned in Note 11 to the consolidated financial statements. ** The credit quality of the financial assets included in prepayments, deposits and other receivables, and due from immediate holding company is considered to be “normal” when they are not past due and there is no information indicating that the financial assets had a significant increase in credit risk since initial recognition; “doubtful” when there has been significant increase in credit risk since initial recognition through information developed internally or externally; “loss” when there is evidence indicating the asset is credit-impaired: and “ write-off As of December 31, 2021 12-month ECLs Lifetime ECLs HK$ Stage 1 HK$ Stage 2 HK$ Stage 3 HK$ Simplified approach HK$ Accounts receivable* 21,545,865 — — 64,968,815 86,514,680 Financial assets included in prepayments, deposits and other receivables —Normal** 1,196,110 — — — 1,196,110 —Doubtful** — — — — — Due from immediate holding company —Normal** 2,144,975,230 — — — 2,144,975,230 —Doubtful** — — — — — Other assets — Not yet past due 136,065,738 — — — 136,065,738 Cash and bank balances — Not yet past due 526,206,108 — — — 526,206,108 2,829,989,051 — — 64,968,815 2,894,957,866 * For accounts receivable to which the Group applies the simplified approach for impairment, information based on the provision matrix and internal credit rating mentioned in Note 11 to the consolidated financial statements. ** The credit quality of the financial assets included in prepayments, deposits and other receivables and due from immediate holding company is considered to be “normal” when they are not past due and there is no information indicating that the financial assets had a significant increase in credit risk since initial recognition; “doubtful” when there has been significant increase in credit risk since initial recognition through information developed internally or externally; “loss” when there is evidence indicating the asset is credit-impaired: and “ write-off Liquidity risk The Group aims to maintain cash and credit lines to meet its liquidity requirements. The Group finances its working capital requirements through a combination of funds generated from operations, loans and equity financing. The following tables detail the Group’s remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. As of December 31, 2020 Weighted On demand 3 months to 1 year 1 to 5 years Total % HK$ HK$ HK$ HK$ Accounts payable N/A 201,986,202 — — 201,986,202 Bank borrowings 2.1 % 233,493,790 — — 233,493,790 Financial liabilities included in other payables and accruals N/A 54,136,011 — — 54,136,011 Convertible bond 7.8 % — — 124,606,940 124,606,940 489,616,003 — 124,606,940 614,222,943 As of December 31, 2021 Weighted On demand 3 months to 1 year 1 to 5 years Total % HK$ HK$ HK$ HK$ Accounts payable N/A 155,020,918 — — 155,020,918 Bank borrowings 2.1 % 390,926,836 2,631,251 — 393,558,087 Financial liabilities included in other payables and accruals N/A 72,029,390 — — 72,029,390 Convertible bond 7.8 % — — 125,319,026 125,319,026 617,977,144 2,631,251 125,319,026 745,927,421 Capital risk management The Group manages its capital to ensure that the Group will be able to continue as a going concern while maximizing the return to stakeholders through the optimisation of the debt and equity balance. The capital structure of the Group consists of debt which includes bank borrowing and convertible bond, equity attributable to equity holders of the Group, comprising issued share capital, retained profits, capital reserves and perpetual securities, as disclosed in consolidated statements of changes in equity. As AMTD GM and AMTD AAAPL are licensed corporations under the Hong Kong Securities and Futures Ordinances, the Group is subject to statutory capital requirement and is required to maintain adequate financial resources to support its business. The Securities and Futures (Financial Resources) Rules require a licensed corporation to maintain liquid capital which is not less than its required liquid capital. In addition, AMTD GM is registered licensed insurance broker company under the Insurance Authority, which is required to maintain a minimum capital and net assets value of not less than HK$500,000. There were no changes on the Group’s approach to capital risk management during the years ended December 31, 2020 and 2021. The Group’s regulated entities have complied with the capital requirements imposed by regulatory bodies at all time during both the current and prior financial years.

Stock Incentive Plan

Stock Incentive Plan	12 Months Ended
	Dec. 31, 2021
Stock Incentive Plan [Abstract]
Stock Incentive Plan	31. STOCK INCENTIVE PLAN AMTD SpiderMan Share Incentive Plan In June 2019, the Group’s board of directors approved the AMTD SpiderMan Share Incentive Plan, or the 2019 Plan, to attract and retain the best available personnel, provide additional incentives to employees, directors, and consultants, and promote the success of the business. The maximum aggregate number of ordinary shares that may be issued under the 2019 Plan is initially 20,000,000 and on January 1 of each year after the effective date of the 2019 Plan, will automatically increase to the number of shares that is equal to ten percent (10%) of the total issued and outstanding share capital of the Group as of December 31 of the preceding year. In addition, on January 1 of each year after the effective date of the 2019 Plan, the aggregate number of shares that may be issued under the 2019 Plan will automatically increase by the number of shares representing 1.0% of the total issued and outstanding share capital of the Group as of December 31 of the preceding year, or such less number as the board of directors may determine. As of the date of this annual report, no awards have been granted under the 2019 Plan.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent Events	32. SUBSEQUENT EVENTS In December 2021, the Group announced the proposed issuance and placement of Class A and Class B ordinary shares through a private placement of US$50 million to a number of reputable professional investors, subject to fulfilling certain closing conditions. The placement was completed before the approval date of the consolidated financial statements. In January 2022, the Group entered into definitive agreements to acquire 100% of the equity interest in L’Officiel Inc. SAS, a global fashion media holding group. As at the approval date of the consolidated financial statements, the transaction has not yet been completed and the Group has still been negotiating with the counterparties to finalize the closing conditions. In February 2022, the Group acquired from AMTD Group Class A ordinary shares and Class B ordinary shares, amounting to of the outstanding issued shares in AMTD Digital Inc. (“AMTD Digital”), a fellow subsidiary and comprehensive one-stop digital solutions platform in Asia, for a consideration of million. The consideration was settled by the issuance of newly issued Class A ordinary shares and newly issued Class B ordinary shares of the Company, priced at per share. Prior to the transaction, the Group held of the issued and outstanding shares in AMTD Digital. AMTD Digital became a consolidated subsidiary after the transaction and the Group will adopt the principle of pooling of interest method.

Approval of Consolidated Financ

Approval of Consolidated Financial Statements	12 Months Ended
	Dec. 31, 2021
Disclosure of non-adjusting events after reporting period [abstract]
Approval of Consolidated Financial Statements	33. APPROVAL OF CONSOLIDATED FINANCIAL STATEMENTS The consolidated financial statements were approved and authori z April 18

Basis of Presentation (Policies

Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2021
Basis of Presentation [Abstract]
Fair value measurement	Fair value measurement The Group measures its derivative financial instruments, debt and equity investments at fair value at the end of each reporting period. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 — based on quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly Level 3 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recogni z
Impairment of non-financial assets	Impairment of non-financial At the end of the reporting period, the Group reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that these assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the relevant asset is estimated in order to determine the extent of the impairment loss (if any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that they may be impaired. The recoverable amount of property, plant and equipment, and intangible assets are estimated individually. When it is not possible to estimate the recoverable amount individually, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. In testing a cash-generating unit for impairment, corporate assets are allocated to the relevant cash-generating unit when a reasonable and consistent basis of allocation can be established, or otherwise they are allocated to the smallest group of cash generating units for which a reasonable and consistent allocation basis can be established. The recoverable amount is determined for the cash-generating unit or group of cash-generating units to which the corporate asset belongs, and is compared with the carrying amount of the relevant cash-generating unit or group of cash-generating units. Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset (or a cash-generating unit) for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or a cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or a cash-generating unit) is reduced to its recoverable amount. For corporate assets or portion of corporate assets which cannot be allocated on a reasonable and consistent basis to a cash-generating unit, the Group compares the carrying amount of a group of cash-generating units, including the carrying amounts of the corporate assets or portion of corporate assets allocated to that group of cash-generating units, with the recoverable amount of the group of cash-generating units. In allocating the impairment loss, the impairment loss is allocated first to reduce the carrying amount of any goodwill (if applicable) and then to the other assets on a pro-rata basis based on the carrying amount of each asset in the unit or the group of cash-generating units. The carrying amount of an asset is not reduced below the highest of its fair value less costs of disposal (if measurable), its value in use (if determinable) and zero. The amount of the impairment loss that would otherwise have been allocated to the asset is allocated pro rata to the other assets of the unit or the group of cash-generating units. An impairment loss is recognized immediately in profit or loss. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit or a group of cash-generating units) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or a cash-generating unit or a group of cash-generating units) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss.
Related parties	Related parties A party is considered to be related to the Group if: (a) the party is a person or a close member of that person’s family and that person (i) has control or joint control over the Group; (ii) has significant influence over the Group; or (iii) is a member of the key management personnel of the Group or of a parent of the Group; or (b) the party is an entity where any of the following conditions applies: (i) the entity and the Group are members of the same group; (ii) one entity is an associate or joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of the other entity); (iii) the entity and the Group are joint ventures of the same third party; (iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v) the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group; and the sponsoring employers of the post-employment benefit plan; (vi) the entity is controlled or jointly controlled by a person identified in (a); (vii) a person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and (viii) the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the parent of the Group.
Property, plant and equipment and depreciation	Property, plant and equipment and depreciation Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. The cost of an item of property, plant and equipment comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to profit or loss in the year in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Depreciation is calculated on a straight-line basis to write off the cost of each item of property, plant and equipment to its residual value over its estimated useful life. The principal annual rates used for this purpose are as follows: Furniture and fixtures 20 % Computer equipment 33 1 3 % Where parts of an item of property, plant and equipment have different useful lives, the cost of that item is allocated on a reasonable basis among the parts and each part is depreciated separately. Residual values, useful lives and the depreciation method are reviewed, and adjusted if appropriate, at least at each financial year end. An item of property, plant and equipment including any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on disposal or retirement recognized in profit or loss in the year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of the relevant asset.​​​​​​​
Intangible assets (other than goodwill)	Intangible assets (other than goodwill) Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination or asset acquisition is the fair value at the date of acquisition. The useful lives of intangible assets are assessed to be either finite or indefinite. Intangible assets with indefinite useful lives are tested for impairment annually either individually or at the cash-generating unit level. Such intangible assets are not amortized. The useful life of an intangible asset with an indefinite life is reviewed annually to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is accounted for on a prospective basis.
Licenses	Licenses Purchased licenses are stated at cost less any impairment losses and have indefinite useful life.
Financial instruments — Investments and other financial assets	Financial instruments — Investments and other financial assets Initial recognition and measurement The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of accounts receivable that do not contain a significant financing component or for which the Group has applied the practical expedient of not adjusting the effect of a significant financing component, the Group initially measures a financial asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Accounts receivable that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15 Revenue from Contracts with Customers (“IFRS 15”) in accordance with the policies set out for “Revenue recognition” below. In order for a financial asset to be classified and measured at amortized cost, the contractual terms needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding and the financial asset needs to be held within a business model whose objective is to collect contractual cash flows. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows. Financial assets classified and measured at fair value through other comprehensive income are held within a business model with the objective to hold financial assets in order to sell and collect contractual cash flows. Financial assets which are not held within the aforementioned business models are classified and measured at fair value through profit or loss. All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost (debt instruments) Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the consolidated statements of profit or loss when the asset is derecognized, modified or impaired. The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating interest income and interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts and payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the consolidated statements of financial position at fair value with net changes in fair value recognized in profit or loss. This category includes debt investments at fair value through profit or loss, derivative instruments and equity investments which the Group had not irrevocably elected to classify at fair value through other comprehensive income. Dividend income which is derived from Group’s ordinary course of business is recognized as revenue in the consolidated statements of profit or loss when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.
Derecognition of financial assets	Derecognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognized (i.e., removed from the Group’s consolidated statements of financial position) when: • the rights to receive cash flows from the asset have expired; or • the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a “pass-through” arrangement, it evaluates if, and to what extent, it has retained the risk and rewards of ownership of the asset. When it has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group’s continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay.
Impairment of financial assets	Impairment of financial assets The Group recognizes an allowance for expected credit losses (“ECLs”) for debt instruments or financial assets at amortized cost. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. General approach For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months 12-month At each reporting date, the Group assesses whether the credit risk on a financial asset has increased significantly since initial recognition. When making the assessment, the Group compares the risk of a default occurring on the financial asset as of the reporting date with the risk of a default occurring on the financial asset as of the date of initial recognition and considers reasonable and supportable information that is available without undue cost or effort, including historical and forward-looking information available without undue cost of effort. The Group considers a financial asset in default when contractual payments are 90 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. Financial assets at amortized cost are subject to impairment under the general approach and they are classified within the following stages for measurement of ECLs except for accounts receivable arising from IFRS 15 which apply the simplified approach as detailed below. Stage 1 — Financial assets for which credit risk has not increased significantly since initial recognition and for which the loss allowance is measured at an amount equal to 12-month Stage 2 — Financial assets for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets and for which the loss allowance is measured at an amount equal to lifetime ECLs Stage 3 — Financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired) and for which the loss allowance is measured at an amount equal to lifetime ECLs Interest income is calculated based on the gross carrying amount of the financial asset unless the financial asset is credit-impaired, in which case interest income is calculated based on amortized cost of the financial asset. Simplified approach For accounts receivable arising from IFRS 15 that do not contain a significant financing component or when the Group applies the practical expedient of not adjusting the effect of a significant financing component, the Group applies the simplified approach in calculating ECLs. Under the simplified approach, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date.
Financial liabilities	Financial liabilities Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at amortized cost or at fair value through profit or loss (warrants and derivative financial instruments), as appropriate. All financial liabilities are recognized initially at fair value and, in the case of financial liabilities at amortized cost, net of directly attributable transaction costs. Transaction costs directly attributable to the acquisition of financial liabilities at fair value through profit or loss are recognized immediately in profit or loss. The Group’s financial liabilities include accounts payable, bank borrowings, financial liabilities included in other payables and accruals, derivative financial liability and convertible bond. Subsequent measurement The subsequent measurement of financial liabilities depends on their classification as follows: Financial liabilities at amortized cost After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the effective interest rate amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in profit or loss. Convertible bonds If the conversion option of convertible bond exhibits characteristics of an embedded derivative (when the conversion option that will be settled other than by the exchange of a fixed amount of another financial asset for a fixed number of the Group’s own equity instruments, it is a conversion option derivation), it is separated from its liability component. On initial recognition, the derivative component of the convertible bond is measured at fair value and presented separately as derivative financial instruments. Transaction costs are apportioned between the liability and derivative components of the convertible bond based on the allocation of proceeds to the liability and derivative components when the instruments are initially recognized. The portion of the transaction costs relating to the liability component is recognized initially as part of the liability. The portion relating to the derivative component is recognized immediately in the statement of profit or loss.
Derecognition of financial liabilities	Derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference between the respective carrying amounts is recognized in profit or loss.
Derivative financial instruments	Derivative financial instruments Derivative financial asset is initially recognized at fair value on the date on which a derivative contract is entered into and is subsequently remeasured at fair value. Derivative financial instruments are carried as an asset when the fair value is positive and as a liability when the fair value is negative. Any gain or loss arising from changes in fair value of the derivative financial instruments is taken directly to profit or loss.
Day 1 profit or loss	Day 1 profit or loss If the fair value of the derivative financial instrument at initial recognition differs from the transaction price and the fair value is not evidenced by a quoted price in an active market for an identical asset or liability (i.e. a Level 1 input) or a valuation technique that uses only data from observable markets, the difference between the fair value at initial recognition and the transaction price is deferred and is only recognized as a gain or loss during the term of the derivative financial instrument using a systematic basis that reflects a change in a factor (including time) that market participants would take into account when pricing the derivative financial instrument.​​​​​​​
Classification as debt or equity	Classification as debt or equity Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.
Equity instruments	Equity instruments An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company are recognized at the proceeds received, net of direct issue costs. Perpetual instruments, which include no contractual obligation for the Group to deliver cash or other financial assets or the Group has the sole discretion to defer payment of distribution and redemption of principal amount indefinitely are classified as equity instruments. Repurchase of the Company’s own equity instruments is recognized and deducted directly in equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Company’s own equity instruments.
Changes in the basis for determining the contractual cash flows as a result of interest rate benchmark reform	Changes in the basis for determining the contractual cash flows as a result of interest rate benchmark reform For changes in the basis for determining the contractual cash flows of a financial asset or financial liability to which the amortized cost measurement applies as a result of interest rate benchmark reform, the Group applies the practical expedient to account for these changes by updating the effective interest rate. Such change in effective interest rate normally has no significant effect on the carrying amount of the relevant financial asset or financial liability. A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if and only if, both these conditions are met: • the change is necessary as a direct consequence of interest rate benchmark reform; and • the new basis for determining the contractual cash flows is economically equivalent to the previous basis (i.e. the basis immediately preceding the change).
Cash and cash equivalents	Cash and cash equivalents For the purpose of the consolidated statements of cash flows, cash and cash equivalents comprise cash on hand and demand deposits, and short term highly liquid investments that are readily convertible into known amounts of cash, are subject to an insignificant risk of changes in value, and have a short maturity of generally within three months when acquired, less bank overdrafts which are repayable on demand and form an integral part of the Group’s cash management. For the purpose of the consolidated statements of financial position, cash and cash equivalents comprise cash on hand and at banks, including term deposits with original maturity within 3 months, which are not restricted as to use.
Provisions	Provisions A provision is recognized when a present obligation (legal or constructive) has arisen as a result of a past event and it is probable that a future outflow of resources will be required to settle the obligation, provided that a reliable estimate can be made of the amount of the obligation. When the effect of discounting is material, the amount recognized for a provision is the present value at the end of the reporting period of the future expenditures expected to be required to settle the obligation. The increase in the discounted present value amount arising from the passage of time is included in finance costs in profit or loss.
Contingent liabilities	Contingent liabilities A contingent liability is a present obligation arising from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. Where the Group is jointly and severally liable for an obligation, the part of the obligation that is expected to be met by other parties is treated as a contingent liability and it is not recognized in the consolidated financial statements. The Group assesses continually to determine whether an outflow of resources embodying economic benefits has become probable. If it becomes probable that an outflow of future economic benefits will be required for an item previously dealt with as a contingent liability, a provision is recognized in the consolidated financial statements in the reporting period in which the change in probability occurs, except in the extremely rare circumstances where no reliable estimate can be made.
Income tax	Income tax Income tax comprises current and deferred tax. Income tax relating to items recognized outside profit or loss is recognized outside profit or loss, either in other comprehensive income or directly in equity. Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period, taking into consideration interpretations and practices prevailing in the countries in which the Group operates. Deferred tax is provided, using the liability method, on all temporary differences at the end of the reporting period between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax liabilities are recognized for all taxable temporary differences, except: • when the deferred tax liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and • in respect of taxable temporary differences associated with investments in subsidiaries, when the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets are recognized for all deductible temporary differences, and the carryforward of unused tax credits and any unused tax losses. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, the carryforward of unused tax credits and unused tax losses can be utilized, except: • when the deferred tax asset relating to the deductible temporary differences arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and • in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets are only recognized to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at the end of each reporting period and are recognized to the extent that it has become probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets and deferred tax liabilities are offset if and only if the Group has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxable entity by the same taxation authority in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.
Revenue recognition	Revenue recognition Revenue from contracts with customers Revenue from contracts with customers is recognized when control of goods or services is transferred to the customers at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to which the Group will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. The primary components of fee and commission income are investment banking fee and income and asset management fee. (a) Investment banking fee and income Investment banking service income is composed of underwriting commission, brokerage fee and financial advisory fee. Underwriting commission earned from underwriting equity and debt securities is recognized at the point in time when the Group’s performance under the terms of a contractual arrangement is completed, which is typically at the closing of a transaction if there is no uncertainty or contingency related to the amount to be paid. The normal credit term is 60 to 120 days upon the completion of performance. Brokerage fee earned from sales of equity and debt securities from underwriting is recognized at the point in time when the associated service is fulfilled, generally on the trade execution date. Financial advisory fee is recognized as or when the services are rendered based on the contractual arrangement. (b) Asset management fee Asset management fee primarily includes fees associated with asset management, performance-based incentive fee, brokerage and handling fee. The management fee and the performance-based incentive fee are earned for the provision of asset management services, which include portfolio diversification and rebalancing. These services represent a single performance obligation comprised of a series of distinct services which are substantially the same, being provided continuously over the contract period. Asset management fees consist of management and performance fees that are fixed or variable. Variable consideration is determined based on underlying assets under management, i.e. AUM, of a customer’s account at a specified period end. At the end of each reporting period, the Group updates the estimated transaction price (including updating its assessment of whether an estimate of variable consideration is constrained) to represent faithfully the circumstances present at the end of the reporting period and the changes in circumstances during the reporting period. Management fee is recognized when services are performed. Fixed consideration is recognized over the schedule period on a straight-line basis because the customer simultaneously receives and consumes the benefits provided by the Company. Performance-based incentive fee is recognized when the performance target is met and the revenue is not probable of a significant reversal. For asset management services, when a single contract contains two performance obligations, the stand-alone selling prices of each of the distinct services underlying the performance obligations (i.e. management fee and performance-based incentive fee for asset management service and brokerage and handling fee for transaction processing service) are stated separately in the contract. These are the observable prices of services when the Company sells each of them separately. Brokerage and handling fees are recognized at the point in time when the associated service is fulfilled, generally on the trade execution date. Revenue from other sources Fair value changes on financial assets at fair value through profit or loss, stock loan and derivative financial asset are recognized in the period in which they arise. Gain/loss recognized during the current period is recognized as gain/loss related to disposed investment, whereas gain/loss recognized for those financial assets at fair value through profit or loss, stock loan and derivative financial asset held at the end of the reporting period is recognized as net fair value changes on financial assets at fair value through profit or loss and stock loan and net fair value changes on derivative financial asset. Dividend income is recognized when the shareholders’ right to receive payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.
Contract liabilities	Contract liabilities A contract liability is recognized when the payment is made and received or the payment is due (whichever is earlier) from a customer before the Group transfers the related goods or services. Contract liabilities are recognized as revenue when the Group performs under the contract (i.e., transfers control of the related goods or services to the customer). For certain customers of asset management service, the Company requires upfront payment of management fee and recorded such upfront fee as contract liabilities in other payables and accruals. Upfront fee is recognized as revenue based on the time elapsed for the service period. Asset management contracts normally cover periods of one to three years.
Government Grant	Government Grant Government grants are not recognized until there is reasonable assurance that the Group will comply with the conditions attaching to them and that the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Group recognizes as expenses the related costs for which the grants are intended to compensate. Specifically, government grants whose primary condition is that the Group should purchase, construct or otherwise acquire non-current Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Group with no future related costs are recognized in profit or loss in the period in which they become receivable. Such grants are presented under other income.
Employee benefits	Employee benefits Retirement benefit cost The Group operates a defined contribution Mandatory Provident Fund retirement benefit scheme (the “MPF Scheme”) under the Mandatory Provident Fund Schemes Ordinance for all of its employees. Contributions are made based on a percentage of the employees’ basic salaries and are charged to profit or loss as they become payable in accordance with the rules of the MPF Scheme. The assets of the MPF Scheme are held separately from those of the Group in an independently administered fund. The Group’s employer contributions vest fully with the employees when contributed into the MPF Scheme.​​​​​​​
Foreign currencies	Foreign currencies These financial statements are presented in Hong Kong dollars, which is the Company’s functional currency. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency. Foreign currency transactions recorded by the entities in the Group are initially recorded using their respective functional currency rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency rates of exchange ruling at the end of the reporting period. Differences arising on settlement or translation of monetary items are recognized in profit or loss. Non-monetary Non-monetary non-monetary In determining the exchange rate on initial recognition of the related asset, expense or income on the derecognition of a non-monetary non-monetary non-monetary non-monetary For the purpose of presenting consolidated financial statements, the assets and liabilities of the Group’s foreign operations are translated at exchange rates prevailing on the reporting date. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in an exchange reserve (attributed to non-controlling On the disposal of a foreign operation (i.e. a disposal of the Group’s entire interest in a foreign operation, or a disposal involving loss of control over a subsidiary that includes a foreign operation of which the retained interest becomes a financial asset), all of the exchange differences accumulated in a foreign exchange translation reserve in respect of that operation attributable to the owners of the Company are reclassified to profit or loss. In addition, in relation to a partial disposal of a subsidiary that includes a foreign operation that does not result in the Group losing control over the subsidiary, the proportionate share of accumulated exchange differences are re-attributed non-controlling

Corporate Information (Tables)

Corporate Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of subsidiaries [abstract]
Summary of information about company principal subsidiaries	Particulars of the Company’s principal subsidiaries are as follows: Name Place of Issued and Percentage of equity and Principal activities 2020 2021 Direct Indirect Direct Indirect AMTD International Holding Group Limited (formerly known as AMTD Financial Planning Limited) (‘‘AMTD IHG’’) Hong Kong (‘‘HK’’) HK$ 500,000 100 % — 100 % — Investment holding AMTD Securities Limited HK HK$ 1 — 100 % — 100 % Investment holding AMTD Global Markets Limited (formerly known as AMTD Asset Management Limited) (“AMTD GM”) HK HK$ 1,561,610,980 — 100 % — 100 % Provision of investment banking, financial advisory services and asset management services AMTD Global Markets Pte. Ltd. Singapore SGD 5,000,000 — 100 % — 100 % Provision of investment banking, financial advisory services Asia Alternative Asset Partners Limited (“AMTD AAAPL”) HK HK$ 5,000,000 — 100 % — 100 % Provision of investment advisory services AMTD Strategic Investment Limited (“AMTD SI”) HK HK$ 1 — 100 % — 100 % Strategic investment AMTD Investment Solutions Group Limited (“AMTD ISG”) HK HK$ 1 — 100 % — 100 % Strategic investment Name Place of Issued and Percentage of equity and Principal activities 2020 2021 Direct Indirect Direct Indirect AMTD Overseas Limited (formerly known as AMTD Europe Holdings Limited) (‘‘AMTD Overseas’’) HK HK$ 1 — 100 % — 100 % Strategic investment AMTD Fintech Investment Limited (‘‘AMTD FI’’) HK HK$ 1 — 100 % — 100 % Strategic investment AMTD Investment Inc. (‘‘AMTD Investment’’) Cayman Islands US$ 1 100 % — 100 % — Investment holding AMTD Strategic Investment (BVI) Limited BVI US$ 1 — 100 % — 100 % Investment holding AMTD Investment Solutions Group (BVI) Limited BVI US$ 1 — 100 % — 100 % Investment holding AMTD IDEA International Limited (formerly known as AMTD Overseas (BVI) Limited) BVI US$ 1 — 100 % — 100 % Investment holding AMTD Fintech Investment (BVI) Limited BVI US$ 1 — 100 % — 100 % Investment holding 尚乘 珠海 股權投資基金管理有限公司 AMTD Capital Co. Ltd* People’s Republic of China US$ 3,990,000 — 100 % — 50.13 % Private fund management * The translation is for identification purpose only

Basis of Presentation (Tables)

Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of annual rates for depreciation of property plant and equipment	The principal annual rates used for this purpose are as follows: Furniture and fixtures 20 % Computer equipment 33 1 3 %

Operating Segment Information (

Operating Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
Summary of operating segments	Segment revenue and results For the year ended December 31, 2019 Investment Asset Strategic Total HK$ HK$ HK$ HK$ Segment revenue Revenue —from contract with customers 455,955,912 124,050,364 — 580,006,276 —others — — 624,167,735 624,167,735 455,955,912 124,050,364 624,167,735 1,204,174,011 Segment results 413,354,182 109,182,198 624,167,734 1,146,704,114 Unallocated other income 22,088,780 Unallocated finance costs (27,705,955 ) Corporate and other unallocated expenses (151,832,967 ) Profit before tax 989,253,972 Other segment information Depreciation 113,919 Capital expenditure 13,710 For the year ended December 31, 2020 Investment Asset Strategic Total HK$ HK$ HK$ HK$ Segment revenue Revenue —from contract with customers 376,324,880 230,938,245 — 607,263,125 —others — — 511,277,048 511,277,048 376,324,880 230,938,245 511,277,048 1,118,540,173 Segment results 339,933,098 225,338,122 511,277,048 1,076,548,268 Unallocated other income 111,867,468 Unallocated finance costs (21,510,079 ) Unallocated net changes in fair value on derivative financial liability 7,765,148 Corporate and other unallocated expenses (173,250,588 ) Profit before tax 1,001,420,217 Other segment information Depreciation 30,374 Capital expenditure 110,734 For the year ended December 31, 2021 Investment Asset Strategic Total HK$ HK$ HK$ HK$ Segment revenue Revenue —from contract with customers 597,097,663 83,379,973 — 680,477,636 —others — — 717,366,581 717,366,581 597,097,663 83,379,973 717,366,581 1,397,844,217 Segment results 580,773,498 77,730,949 717,366,581 1,375,871,028 Unallocated other income 125,538,171 Unallocated finance costs (12,825,923 ) Corporate and other unallocated expenses (157,406,721 ) Profit before tax 1,331,176,555 Other segment information Depreciation 44,226
Summary of segment assets and liabilities	Segment assets and liabilities December 31, 2020 2021 HK$ HK$ Segment assets Investment banking 21,976,920 54,763,265 Asset management 265,452,001 182,765,945 Strategic investment 3,280,242,681 3,755,921,604 Total segment assets 3,567,671,602 3,993,450,814 Unallocated corporate assets 6,958,618,685 2,693,387,229 Total assets 10,526,290,287 6,686,838,043 Segment liabilities Asset management 249,257,201 155,651,880 Unallocated corporate liabilities 552,857,491 742,312,989 Total liabilities 802,114,692 897,964,869
Summary of group's revenue from external customers by geographical areas	The following table sets forth the Group’s revenue from with For the year ended December 31, 2019 Investment Asset Total HK$ HK$ HK$ Hong Kong 118,086,900 21,441,042 139,527,942 Mainland China 300,078,498 92,797,260 392,875,758 United States 30,342,514 3,229,613 33,572,127 Others 7,448,000 6,582,449 14,030,449 455,955,912 124,050,364 580,006,276 For the year ended December 31, 2020 Investment Asset Total HK$ HK$ HK$ Hong Kong 212,766,711 21,836,318 234,603,029 Mainland China 163,447,101 192,391,853 355,838,954 Others 111,068 16,710,074 16,821,142 376,324,880 230,938,245 607,263,125 For the year ended December 31, 2021 Investment Asset Total HK$ HK$ HK$ Hong Kong 567,806,733 13,407,540 581,214,273 Mainland China 29,290,930 66,206,429 95,497,359 Others — 3,766,004 3,766,004 597,097,663 83,379,973 680,477,636

Revenue and Other Income (Table

Revenue and Other Income (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Summary of analysis of revenue	An analysis of revenue is as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Revenue from contracts with customers Investment banking Investment banking fee and income 455,955,912 376,324,880 597,097,663 Asset management Management fee and performance-based incentive fee 103,509,196 196,352,216 57,230,194 Brokerage and handling fees 19,383,099 33,359,007 25,356,917 Others 1,158,069 1,227,022 792,862 124,050,364 230,938,245 83,379,973 580,006,276 607,263,125 680,477,636 Revenue from other sources Strategic investments Dividend income 92,316,548 88,078,159 48,711,208 Gain related to disposed investments 8,235,180 82,948,508 125,112,176 100,551,728 171,026,667 173,823,384 Net fair value changes on financial assets at fair value through profit or loss and stock loan -from listed equity shares, at quoted price (683,060,000 ) (371,305,326 ) 54,008,047 -from unlisted equity shares ( note a) 41,456,007 313,561,520 543,543,197 -from unlisted equity linked notes — 26,688,861 — Total net fair value changes on financial assets at fair value through profit or loss and stock loan (641,603,993 ) (31,054,945 ) 597,551,244 Net fair value changes on derivative financial asset 1,165,220,000 371,305,326 (54,008,047 ) 624,167,735 511,277,048 717,366,581 Total revenue 1,204,174,011 1,118,540,173 1,397,844,217 Note: (a) For the year ended December 2019, 2020 and 2021, net fair value gain arising from investments in equity securities of related parties are HK$ Nil, HK$336,403,752 and HK$545,199,207, respectively (Note 27( A
Summary of revenue from contracts with customers	For the year ended December 31, 2019 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 403,573,912 — — 403,573,912 Financial advisory fee 52,382,000 — — 52,382,000 Asset management Management fee and performance-based incentive fee — 103,509,196 — 103,509,196 Brokerage and handling fee — 19,383,099 — 19,383,099 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — (641,603,993 ) (641,603,993 ) Net fair value changes on derivative financial asset — — 1,165,220,000 1,165,220,000 Gain related to disposed investment — — 8,235,180 8,235,180 Dividend income — — 92,316,548 92,316,548 Others — 1,158,069 — 1,158,069 Total 455,955,912 124,050,364 624,167,735 1,204,174,011 For the year ended December 31, 2020 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 165,472,605 — — 165,472,605 Financial advisory fee 210,852,275 — — 210,852,275 Asset management Management fee and performance-based incentive fee — 196,352,216 — 196,352,216 Brokerage and handling fee — 33,359,007 — 33,359,007 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — (31,054,945 ) (31,054,945 ) Net fair value changes on derivative financial asset — — 371,305,326 371,305,326 Gain related to disposed investment — — 82,948,508 82,948,508 Dividend income — — 88,078,159 88,078,159 Others — 1,227,022 — 1,227,022 Total 376,324,880 230,938,245 511,277,048 1,118,540,173 For the year ended December 31, 2021 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 29,051,940 — — 29,051,940 Financial advisory fee 568,045,723 — — 568,045,723 Asset management Management fee and performance-based incentive fee — 57,230,194 — 57,230,194 Brokerage and handling fee — 25,356,917 — 25,356,917 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — 597,551,244 597,551,244 Net fair value changes on derivative financial asset — — (54,008,047 ) (54,008,047 ) Gain related to disposed investments — — 125,112,176 125,112,176 Dividend income — — 48,711,208 48,711,208 Others — 792,862 — 792,862 Total 597,097,663 83,379,973 717,366,581 1,397,844,217
Disclosure of Revenue Recognition from Performance Obligation	The following table shows the amount of revenue recognized in the current period that were included in the contract liabilities at the beginning of the reporting period: As of December 31, 2020 2021 HK$ HK$ Revenue recognized Asset management 94,328,532 46,640,036
Summary of transaction prices allocated to the remaining performance obligations	As of December 31, 2020 2021 HK$ HK$ Within one year 35,716,912 630,962 More than one year 11,554,086 — 47,270,998 630,962
Summary of other income	Other income For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Bank interest income 1,115,839 67,783 15,174 Interest income from the immediate holding company (Note 27( A B 17,562,104 101,159,079 116,028,045 Government grant — 3,061,665 — Others 3,412,325 7,578,941 9,494,952 22,090,268 111,867,468 125,538,171
Summary of timing of revenue recognition	Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 403,573,912 20,541,168 424,115,080 Services transferred over time 52,382,000 103,509,196 155,891,196 Total revenue from contracts with customers 455,955,912 124,050,364 580,006,276 Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 165,472,605 34,586,029 200,058,634 Services transferred over time 210,852,275 196,352,216 407,204,491 Total revenue from contracts with customers 376,324,880 230,938,245 607,263,125 Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 596,858,673 26,149,779 623,008,452 Services transferred over time 238,990 57,230,194 57,469,184 Total revenue from contracts with customers 597,097,663 83,379,973 680,477,636

Other Operating Expenses (Table

Other Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Operating Income Expense [Abstract]
Summary of Operating Expenses and Foreign Exchange Differences	Other operating expenses included in the consolidated statements of profit or loss and other comprehensive income are as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Other operating expenses Marketing and brand promotional expenses 12,903,989 5,696,606 597,566 Premises costs and office utilities —Premises costs 11,965,344 14,244,127 14,226,081 —Office utilities 9,152,802 6,601,790 7,821,627 21,118,146 20,845,917 22,047,708 Traveling and business development expenses 19,362,587 5,636,354 3,747,166 Commissions and bank charges 2,307,050 1,957,433 1,308,425 Office and maintenance expenses 1,430,834 175,348 55,192 Administrative service fee 12,000,000 24,330,000 24,330,000 Legal and professional fees —Auditor’s remuneration 11,402,267 12,068,575 7,343,259 —Other legal and professional fees 11,776,501 12,434,767 8,636,734 —Professional indemnity expense — 11,811,165 8,683,032 23,178,768 36,314,507 24,663,025 Staff welfare and staff recruitment expenses 2,471,705 1,223,673 2,322,035 Others —Depreciation 113,919 30,374 44,226 —Foreign exchange differences, net 12,596,647 3,222,789 963,422 —Other expenses 7,213,210 4,290,210 3,715,247 19,923,776 7,543,373 4,722,895 114,696,855 103,723,211 83,794,012

Staff Costs (Tables)

Staff Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Classes of employee benefits expense [abstract]
Summary of staff costs	For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Salaries and bonuses 93,703,848 93,660,617 94,776,416 Pension scheme contributions (defined contribution schemes) 903,649 749,664 809,482 94,607,497 94,410,281 95,585,898

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Finance Costs [Abstract]
Summary of Finance Costs	An analysis of finance costs is as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Interests on margin loans payable 27,705,955 12,475,296 — Interests on convertible bond — 7,717,348 8,085,419 Interests on bank borrowings — 1,317,435 4,740,504 27,705,955 21,510,079 12,825,923

Income Tax Expense_(Credit) (Ta

Income Tax Expense/(Credit) (Tables)	12 Months Ended
	Dec. 31, 2021
Major components of tax expense (income) [abstract]
Components of Income Tax Benefits/(Expenses)	Hong Kong profits tax has been provided at the rate of 16.5% (2020: 16.5%; 2019: 16.5%) on the estimated assessable profits arising in Hong Kong: For the year ended December 31, Note 2019 2020 2021 HK$ HK$ HK$ Hong Kong profits tax Charge for the year 69,585,469 96,708,600 104,423,916 Overprovision in prior year — (143,606 ) — Deferred tax 3, 22 79,556,400 (242,913,577 ) — The People’s Republic of China withholding tax Charge for the year 9,207,649 8,807,816 4,871,121 158,349,518 (137,540,767 ) 109,295,037
Reconciliation of income tax expenses and profit before tax at statutory tax rate	A reconciliation of tax expense/(credit) and profit before tax at the Hong Kong statutory tax rate in which the Group’s major operating subsidiaries are domiciled is as follows: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Profit before tax 989,253,972 1,001,420,217 1,331,176,555 Tax at statutory tax rate of 16.5% 163,226,906 165,234,336 219,644,132 Tax effect of two-tiered — (165,000 ) (165,000 ) Tax effect of non-taxable (23,255,305 ) (79,190,106 ) (95,836,917 ) Tax effect of distribution to perpetual securities holders that are deductible for tax purpose — — (20,747,569 ) Tax effect of non-deductible 8,952,076 10,887,971 1,566,657 Tax effect of unrecognized temporary difference 223,434 (25,011 ) (4,075 ) Tax effect of deferred tax liability reversed — (242,913,577 ) — Tax effect of tax loss not recognized 24,541 — — Overprovision in prior year — (143,606 ) — Utilization of tax losses previously not recognized (29,783 ) (33,590 ) (33,312 ) Withholding tax on the dividend income 9,207,649 8,807,816 4,871,121 Income tax expense/(credit) 158,349,518 (137,540,767 ) 109,295,037

Earnings Per Share Attributab_2

Earnings Per Share Attributable To Ordinary Equity Holders of The Parent (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings/(loss) Per Share Attributable To Ordinary Equity Holders of The Parent
Summary of Basic and diluted earnings per share	Basic and diluted earnings per share for each of the periods presented are calculated as follows: For the year ended December 31, 2019 2020 2021 Basic earnings per share: Numerator: Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class A 69,906,757 249,206,548 299,742,816 Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class B 868,366,128 810,766,722 796,709,268 Denominator: Weighted average number of Class A ordinary shares outstanding—basic 16,112,737 57,474,495 62,327,851 Weighted average number of Class B ordinary shares outstanding—basic 200,148,822 186,987,093 165,665,944 Basic earnings per share (HK$) Class A 4.34 4.34 4.81 Basic earnings per share (HK$) Class B 4.34 4.34 4.81 Diluted earnings per share: Numerator: Profit attributable to ordinary equity holders of the parent used in the diluted earnings per share calculation (HK$)-diluted Class A 69,906,757 248,629,790 299,742,816 Profit attributable to ordinary equity holders of the parent used in the diluted earnings per share calculation (HK$)-diluted Class B 868,366,128 810,766,722 796,709,268 Denominator: Weighted average number of Class A ordinary shares outstanding—diluted 16,117,254 58,966,142 62,327,851 Weighted average number of Class B ordinary shares outstanding—diluted 200,204,936 186,987,093 165,665,944 Diluted earnings per share (HK$) Class A 4.34 4.22 4.81 Diluted earnings per share (HK$) Class B 4.34 4.34 4.81
Summary of weighted average shares	Number of shares For the year ended December 31, 2019 2020 2021 Shares: Weighted average number of Class A ordinary shares in issue during the year used in the basic earnings per share calculation 16,112,737 57,474,495 62,327,851 Effect of dilution – weighted average number of ordinary shares: Warrants 864 — — Convertible bond 3,653 1,491,647 — 16,117,254 58,966,142 62,327,851 Weighted average number of Class B ordinary shares in issue during the year used in the basic earnings per share calculation 200,148,822 186,987,093 165,665,944 Effect of dilution – weighted average number of ordinary shares: Warrants 10,728 — — Convertible bond 45,386 — — 200,204,936 186,987,093 165,665,944

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other receivables [abstract]
Summary of accounts receivables	As of December 31, Notes 2020 2021 HK$ HK$ Receivable from investment banking services (i) 21,976,920 54,763,265 Receivable from brokers and clearing house (ii) 19,864,662 21,406,257 Clients’ receivables (ii) 35,508,668 10,345,158 77,350,250 86,514,680 Notes: (i) The normal settlement terms of receivables from investment banking services are specific terms mutually agreed between the contracting parties. Receivable from investing banking services is non-interest 20 (ii) A s of J 1, 2020, the Gr ou s service of HK$ 3,197,245. non-interest agreed between the contracting parties. The normal settlement terms of the remaining clients’ receivables and receivable from brokers and clearing house arising from asset management services are 2 days after trade date or at specific terms agreed with brokers and clearing house. Overdue clients’ receivable is interest-bearing. The Group seeks to maintain strict control over its outstanding receivables and has a credit control team to minimi z t hold any collateral over its accounts receivable.
Summary of aging analysis of accounts receivable	As of December 31, 2020 2021 HK$ HK$ Not yet due 67,241,210 74,048,058 Past due Within 1 month 7,797,011 53,633 1 to 3 months 221,183 5,165,947 Over 3 months 2,090,846 7,247,042 77,350,250 86,514,680
Summary of accounts receivables past due analysis	Internal credit risk rating AAA AA A BBB BB CCC Total As of December 31, 2020 Expected credit loss rate — — 0.07 % 0.05 % — 0.56 % — Gross carrying amount (HK$‘000) — — 21,977 52,723 — 2,650 77,350 Internal credit risk rating AAA AA A BBB BB CCC Total As of December 31, 2021 Expected credit loss rate — — 0.10 % 0.17 % — 0.10 % — Gross carrying amount (HK$‘000) — — 54,763 24,218 — 7,534 86,515

Prepayments, Deposits And Oth_2

Prepayments, Deposits And Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Prepayments, Deposits And Other Receivables [Abstract]
Summary of Prepayments, Deposits And Other Receivables	As of December 31, 2020 2021 HK$ HK$ Prepayments 23,221,564 20,720,272 Deposits 559,933 516,399 Other receivables 1,090,894 679,711 24,872,391 21,916,382

Financial Assets At Fair Valu_2

Financial Assets At Fair Value Through Profit Or Loss And Stock Loan (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Abstract]
Summary of financial assets at fair value through profit or loss and stock loan	As of December 31, 2020 2021 HK$ HK$ Financial assets at fair value through profit or loss, other than stock loan 1,377,856,715 2,574,695,685 Stock loan 878,483,400 211,331,400 Total financial assets at fair value through profit or loss 2,256,340,115 2,786,027,085 Listed equity shares, at quoted price —Investment A 1,001,399,213 1,055,407,260 Total listed equity shares, at quoted price 1,001,399,213 1,055,407,260 Unlisted equity shares —Investment B 85,706,112 86,195,893 —Investment C 24,111,436 21,954,381 —Investment D 190,038,137 — — Investment E (Note 27( A 892,565,280 1,120,244,487 —Investment F — 9,979,264 — Investment G (Note 27( A — 480,700,000 —Investment H — 11,545,800 Total unlisted equity shares 1,192,420,965 1,730,619,825 Unlisted equity linked notes —Investment I 62,519,937 — Total unlisted equity linked notes 62,519,937 — 2,256,340,115 2,786,027,085

Derivative Financial Asset (Tab

Derivative Financial Asset (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Summary of financial Asset fair value	Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value z HK$ HK$ HK$ HK$ At January 1, 2020 1,147,372,779 17,847,221 1,165,220,000 — Recogni z - Changes in fair value 307,143,221 — 307,143,221 307,143,221 - Recognition of day 1 profit or loss — (17,847,221 ) (17,847,221 ) (17,847,221 ) At March 31, 2020 1,454,516,000 — 1,454,516,000 289,296,000 Contract renegotiation on March 31, 2020 (17,215,921 ) 17,215,921 — — At March 31, 2020 1,437,300,079 17,215,921 1,454,516,000 289,296,000 Recogni z e - Changes in fair value (13,291,518 ) — (13,291,518 ) (13,291,518 ) - Partial settlement on June 26, 2020 (618,682,641 ) — (618,682,641 ) — - Gain related to disposed investment 106,059,881 — 106,059,881 — - Recognition of day 1 profit or loss — (17,215,921 ) (17,215,921 ) (17,215,921 ) At June 30, 2020 911,385,801 — 911,385,801 258,788,561 Contract renegotiation on June 30, 2020 (3,679,712 ) 3,679,712 — — At June 30, 2020 907,706,089 3,679,712 911,385,801 258,788,561 Recogni z - Changes in fair value 93,693,124 — 93,693,124 93,693,124 - Recognition of day 1 profit or loss — (3,679,712 ) (3,679,712 ) (3,679,712 ) At September 30, 2020 1,001,399,213 — 1,001,399,213 348,801,973 Contract renegotiation on September 30, 2020 (3,040,097 ) 3,040,097 — — At September 30, 2020 998,359,116 3,040,097 1,001,399,213 348,801,973 Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value HK$ HK$ HK$ HK$ Recognized in profit and loss prior to contract renegotiation on December 31, 2020 - Changes in fair value 25,543,450 — 25,543,450 25,543,450 - Recognition of day 1 profit or loss — (3,040,097 ) (3,040,097 ) (3,040,097 ) At December 31, 2020 1,023,902,566 — 1,023,902,566 371,305,326 Contract renegotiation on December 31, 2020 12,266,453 (12,266,453 ) — — At December 31, 2020 1,036,169,019 (12,266,453 ) 1,023,902,566 371,305,326 Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value z HK$ HK$ HK$ HK$ At December 31, 2020 1,036,169,019 (12,266,453 ) 1,023,902,566 — Recogni z - Changes in fair value (12,266,453 ) — (12,266,453 ) (12,266,453 ) - Recognition of day 1 profit or loss — 12,266,453 12,266,453 12,266,453 At March 31, 2021 1,023,902,566 — 1,023,902,566 — Contract renegotiation on March 31, 2021 (1,678,713 ) 1,678,713 — — At March 31, 2021 1,022,223,853 1,678,713 1,023,902,566 — Recogni z - Changes in fair value (34,326,652 ) — (34,326,652 ) (34,326,652 ) - Recognition of day 1 profit or loss — (1,678,713 ) (1,678,713 ) (1,678,713 ) At June 30, 2021 987,897,201 — 987,897,201 (36,005,365 ) Contract renegotiation on June 30, 2021 2,956,755 (2,956,755 ) — — At June 30, 2021 990,853,956 (2,956,755 ) 987,897,201 (36,005,365 ) Recogni z - Changes in fair value 89,306,993 — 89,306,993 89,306,993 - Recognition of day 1 profit or loss — 2,956,755 2,956,755 2,956,755 At September 30, 2021 1,080,160,949 — 1,080,160,949 56,258,383 Contract renegotiation on September 30, 2021 1,046,618 (1,046,618 ) — — At September 30, 2021 1,081,207,567 (1,046,618 ) 1,080,160,949 56,258,383 Fair value using valuation Day 1 (profit)/loss Net carrying Net changes in fair value HK$ HK$ HK$ HK$ Recognized in profit and loss prior to contract renegotiation on December 31, 2021 - Changes in fair value (111,313,048 ) — (111,313,048 ) (111,313,048 ) - Recognition of day 1 profit or loss — 1,046,618 1,046,618 1,046,618 At December 31, 2021 969,894,519 — 969,894,519 (54,008,047 ) Contract renegotiation on December 31, 2021 (1,507,769 ) 1,507,769 — — At December 31, 2021 968,386,750 1,507,769 969,894,519 (54,008,047 )

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Detailed Information About Other Assets [Abstract]
Summary of detailed information about other assets	As of December 31, 2020 2021 HK$ HK$ Segregated clients’ bank accounts balances: - Asset management business 194,907,501 135,843,360 - Others 2,401,674 222,378 197,309,175 136,065,738

Cash And Bank Balances (Tables)

Cash And Bank Balances (Tables)	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents [abstract]
Summary of detailed information about cash and bank balances	As of December 31, 2020 2021 HK$ HK$ Cash and cash equivalents: - Cash on hand 31,031 595,992 - General bank accounts 453,935,733 525,610,116 Total cash and cash equivalents 453,966,764 526,206,108

Property, Plant And Equipment (

Property, Plant And Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment	Furniture Computer Total HK$ HK$ HK$ Cost: At January 1, 2020 11,090 4,073,634 4,084,724 Additions — 110,734 110,734 At December 31, 2020 and January 1, 2021 and December 31, 2021 11,090 4,184,368 4,195,458 Accumulated depreciation: At January 1, 2020 (8,496 ) (4,045,231 ) (4,053,727 ) Charge for the year (2,218 ) (28,156 ) (30,374 ) At December 31, 2020 and January 1, 2021 (10,714 ) (4,073,387 ) (4,084,101 ) Charge for the year (376 ) (43,850 ) (44,226 ) At December 31, 2021 (11,090 ) (4,117,237 ) (4,128,327 ) Carrying amount: At January 1, 2020 2,594 28,403 30,997 At December 31, 2020 376 110,981 111,357 At December 31, 2021 — 67,131 67,131

Intangible Asset (Tables)

Intangible Asset (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Intangible assets [Abstract]
Summary of intangible assets	HK$ Net carrying amount as of December 31, 2020 and December 31, 2021 15,171,170

Accounts Payable (Tables)

Accounts Payable (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other payables [abstract]
Summary of accounts payable	As of December 31, Note 2020 2021 HK$ HK$ Clients’ payables (i) 138,747 146,917 Payables to clearing house and brokers (i) 1,311,748 8,590,241 Clients’ monies held on trust (Note 15) 200,535,707 146,283,760 201,986,202 155,020,918 Note: (i) As of December 31, 2020 and 2021, payables to clearing house and brokers and clients’ payable arising from assets management business are repayable 2 days after trade date or at pre-agreed
Summary of aging analysis of accounts payable	An aging analysis of the accounts payable as of the end of the reporting period is as follows: As of December 31, 2020 2021 HK$ HK$ Within 1 month 1,450,495 155,020,918 Repayable on demand 200,535,707 — 201,986,202 155,020,918

Bank Borrowings (Tables)

Bank Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]
Summary of currency analysis of bank borrowings	A currency analysis of bank borrowings at the end of the reporting periods is as follows: As of December 31, 2020 2021 HK$ HK$ Hong Kong dollars 116,000,000 116,000,000 United States dollars 116,280,000 272,870,500 232,280,000 388,870,500

Other payables and accruals (Ta

Other payables and accruals (Tables)	12 Months Ended
	Dec. 31, 2021
Accrued Expenses And Other Liabilities [Abstract]
Summary of detailed information about other payables and accruals	As of December 31, Note 2020 2021 HK$ HK$ Accruals and other payables 81,054,895 91,594,587 Contract liabilities (i) 47,270,998 630,962 128,325,893 92,225,549 Note: (i) Contract liabilities include upfront fees received to deliver asset management services.
Summary of detailed information about contract liabilities	Movements in contract liabilities during the years ended December 31, 2020 and 2021 are as follows: HK$ At January 1, 2020 111,974,163 Upfront fee received during the year 38,201,342 Revenue recogni z (102,904,507 ) At December 31, 2020 47,270,998 Revenue recogni z (46,640,036 ) At December 31, 2021 630,962

Deferred Tax Liabilities (Table

Deferred Tax Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]
Summary of deferred tax liabilites	The movements in deferred tax liabilities during the years are as follows: Unreali z HK$ At January 1, 2020 242,913,577 Deferred tax charged to profit or loss during the year (Note 9) (242,913,577 ) At December 31, 2020 and January 1, 2021 and D —

Convertible Bond and Derivati_2

Convertible Bond and Derivative Financial Liability (Tables)	12 Months Ended
	Dec. 31, 2021
Borrowings [abstract]
Summary of convertible bond	The movement of convertible bond during the years ended December 31, 2020 and 2021 are as follows: Liability Derivative HK$ HK$ At January 1, 2020 95,995,690 20,813,810 Interest for the year 7,717,348 — Fair value gain recogni z — (7,765,148 ) Exchange alignment (434,609 ) (94,349 ) At December 31, 2020 103,278,429 12,954,313 Interest for the year 8,085,419 — Exchange alignment 606,536 798,360 At December 31, 2021 111,970,384 13,752,673

Share Capital, Capital Reserv_2

Share Capital, Capital Reserve and Treasury Shares (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of classes of share capital [abstract]
Summary of reserves within equity	Numbers of shares Notes Class A Class B Class B treasury At January 1, 2019 — 200,000,001 — Exercise of warrants (i ) 1,666,666 — — Pre-IPO (ii ) 8,236,838 — — Initial public offering (iii ) 23,873,655 — — New issuance of shares (iv ) 7,307,692 4,526,627 — At December 31, 2019 41,084,851 204,526,628 — Conversion of class B ordinary shares to class A ordinary shares 21,243,000 (21,243,000 ) — At December 31, 2020 and January 1, 2021 62,327,851 183,283,628 — Repurchase of ordinary shares (v ) — (69,144,673 ) 69,144,673 As December 31, 2021 62,327,851 114,138,955 69,144,673 Notes: (i) On March 6, 2019, the Company issued warrants for an aggregate consideration of US$2 million (equivalent to HK$15,699,600). Each warrant entitles the holder thereof to subscribe for one ordinary share at a subscription price of US$7.2. On April 10, 2019, the warrant holder exercised the warrants in full and paid an additional amount of US$10 million for 1,666,666 Class A ordinary shares. As of December 31, 2019 and 2020, the Company had no warrants outstanding, respectively. (ii) Between April 26, 2019 and June 19, 2019, the Company issued 8,236,838 Class A ordinary shares to third parties investors for an aggregate consideration of US$53.5 million for the pre-IPO (iii) On August 5, 2019, the Company completed its Initial Public Offering (“IPO”) on the New York Stock Exchange under the symbol of “HKIB”. The Company issued an aggregate 23,873,655 ADSs, representing 23,873,655 Class A Ordinary Shares for total net proceeds of HK$1,507.2 million after deducting listing expenses of HK$58.3 million. (iv) In December 2019, the Company issued an aggregate of 7,307,692 Class A ordinary shares and 4,526,627 Class B ordinary shares, both with par value US$0.0001 per share, for an aggregate amount of US$100 million (representing a per share price of US$8.45) to Value Partners Greater China High Yield Income Fund, Ariana Capital Investment Limited, and Infinity Power Investments Limited in the form of private placement. Infinity Power Investments Limited is a British Virgin Islands company wholly owned by Mr. Calvin Choi, founder of the Company. (v) On September 30, 2021, the Company repurchased 69,144,673 Class B ordinary shares from the immediate holding company, amounting to HK$5,000,000,000.

Notes To The Consolidated Sta_2

Notes To The Consolidated Statements Of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of reconciliation of liabilities arising from financing activities [abstract]
Summary of liabilities arising from financing activities	(b) Changes in liabilities arising from financing activities Margin Derivative Convertible Bank Total HK$ HK$ HK$ HK$ HK$ At January 1, 2019 321,999,549 — — — 321,999,549 Cash flow from financing activities (31,983,066 ) 20,813,810 95,995,690 — 84,826,434 Interest expenses 27,705,955 — — — 27,705,955 At December, 31 2019 317,722,438 20,813,810 95,995,690 — 434,531,938 Cash flow from financing activities (330,197,734 ) — — 230,962,565 (99,235,169 ) Interest expenses 12,475,296 — 7,717,348 1,317,435 21,510,079 Fair value gain recognized in profit or loss — (7,765,148 ) — — (7,765,148 ) Exchange alignment — (94,349 ) (434,609 ) — (528,958 ) At December 31, 2020 — 12,954,313 103,278,429 232,280,000 348,512,742 Cash flow from financing activities — — — 151,263,786 151,263,786 Interest expenses — — 8,085,419 4,740,504 12,825,923 Exchange alignment — 798,360 606,536 586,210 1,991,106 At December 31, 2021 — 13,752,673 111,970,384 388,870,500 514,593,557
Summary of movement of balances with related parties	(c) Changes in balances with related parties For the year ended December 31, 2019 Related Fellow Immediate company Investing activities — — (2,957,926,150 ) Net cash outflow — — (2,957,926,150 ) For the year ended December 31, 2020 Related Fellow Immediate company Investing activities — — (3,581,230,632 ) Net cash outflow — — (3,581,230,632 ) For the year ended December 31, 2021 Related Fellow Immediate company Investing activities — — (348,701,497 ) Net cash outflow — — (348,701,497 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related party transactions [abstract]
Summary of detailed information about additional information of transactions with related parties	( A In addition to the transactions disclosed elsewhere in these consolidated financial statements, the Group had the following transactions with related parties during the years: For the year ended December 31, Notes 2019 2020 2021 HK$ HK$ HK$ Underwriting services rendered to immediate holding company (i) 26,420,072 — — Financial advisory services rendered to fellow subsidiaries (i) 15,691,000 30,231,825 — Financial advisory services rendered to related companies controlled by a director of the Company (i) — 95,513,306 — Financial advisory services rendered to former fellow subsidiaries (i) — — 104,300,690 Asset management service fee income from a related party controlled by a director of the Company (i) 478,611 2,672,527 — Investment banking service income from a related party controlled by a director of the Company (i) 2,999,584 — — Management fee paid to immediate holding company (i) 150,000 150,000 150,000 Investment advisory fee paid to a fellow subsidiary (i) 180,000 180,000 180,000 Insurance commission paid to a fellow subsidiary (i) 84,133 105,251 58,228 Asset management services rendered to fellow subsidiaries (i) 457,431 1,362 1,147,769 Acquisition of investments from immediate holding company (ii)(a) — 556,161,528 163,180,000 Acquisition of investments from fellow subsidiaries (ii)(b) — 148,671,602 11,545,800 Disposal of an investment to a former fellow subsidiary (ii)(c) — — 196,036,584 For the year ended December 31, Notes 2019 2020 2021 HK$ HK$ HK$ Administrative service fee paid to immediate holding company (iii) 12,000,000 24,000,000 24,000,000 Interest income from immediate holding company (iv) 17,562,104 101,159,079 116,028,045 Stock loan interest income from a former fellow subsidiary (i) — — 34,740 Recharge from/(to) immediate holding company —Staff costs 17,936,752 20,156,843 22,081,545 —Premises cost 5,300,986 14,010,263 13,964,993 —Office renovation 869,214 — — —Other operating expenses, net 9,798,649 — — (iii) 33,905,601 34,167,106 36,046,538 Treasury shares repurchased from immediate holding company — — 5,000,000,000 Perpetual securities redeemed from a fellow subsidiary — — 4,648,331 Perpetual securities redeemed from a former fellow subsidiary — — 35,719,218 Net changes in fair value on derivative financial asset entered into with a related party (v) 1,165,220,000 321,797,949 — Consideration received for disposal of investments to a related party (v) — 972,215,580 — Consideration received for settlement of derivatives contracts with a related party (v) — 618,682,641 — Notes: (i) The terms of these services were comparable to the fee and conditions offered to the major customers of the Group. (ii) (a) In 2020, the transaction represented the acquisition of 14.4% interest in a fellow subsidiary, AMTD Digital Inc., from AMTD Group based on fair value at the date of acquisition. In 2021, the transaction represented the acquisition of 19.9% interest in another fellow subsidiary, AMTD Assets Alpha Group, from AMTD Group based on the investee’s net asset value on the date of acquisition. The unrealized fair value gain on these two investments for the year ended December 31, 2021 amounted to HK$545.2 million (2020: HK$336.4 million). Also refer to note 32 for the subsequent event relating to the acquisition of further interest in AMTD Digital Inc.
Summary of detailed information about compensation of key management personnel	(C) Compensation of key management personnel of the Group: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Short-term employee benefits 43,062,534 32,692,568 22,426,846 Other long-term benefit 92,700 54,745 55,200 43,155,234 32,747,313 22,482,046

Financial Instruments By Cate_2

Financial Instruments By Category (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
Summary of financial assets	Financial assets Financial assets at Mandatorily fair value Financial assets at z cost Total HK$ HK$ HK$ Accounts receivable — 77,350,250 77,350,250 Financial assets included in prepayments, deposits and other receivables — 1,650,827 1,650,827 Due from immediate holding company — 6,477,266,499 6,477,266,499 Financial assets at fair value through profit or loss 1,377,856,715 — 1,377,856,715 Stock loan 878,483,400 — 878,483,400 Derivative financial asset 1,023,902,566 — 1,023,902,566 Other assets — 197,309,175 197,309,175 Cash and bank balances — 453,966,764 453,966,764 3,280,242,681 7,207,543,515 10,487,786,196 Financial assets Financial assets at Mandatorily fair value Financial assets z Total HK$ HK$ HK$ Accounts receivable — 86,514,680 86,514,680 Financial assets included in prepayments, deposits and other receivables — 1,196,110 1,196,110 Due from immediate holding company — 2,144,975,230 2,144,975,230 Financial assets at fair value through profit or loss 2,574,695,685 — 2,574,695,685 Stock loan 211,331,400 — 211,331,400 Derivative financial asset 969,894,519 — 969,894,519 Other assets — 136,065,738 136,065,738 Cash and bank balances — 526,206,108 526,206,108 3,755,921,604 2,894,957,866 6,650,879,470
Summary of financial liabilities	Financial liabilities Financial Financial Total HK$ HK$ HK$ Accounts payable — 201,986,202 201,986,202 Financial liabilities included in other payables and accruals — 54,162,984 54,162,984 Bank borrowings — 232,280,000 232,280,000 Derivative financial liability 12,954,313 — 12,954,313 Convertible bond — 103,278,429 103,278,429 12,954,313 591,707,615 604,661,928 Financial liabilities Financial Financial Total HK$ HK$ HK$ Accounts payable — 155,020,918 155,020,918 Financial liabilities included in other payables and accruals — 72,107,680 72,107,680 Bank borrowings — 388,870,500 388,870,500 Derivative financial liability 13,752,673 — 13,752,673 Convertible bond — 111,970,384 111,970,384 13,752,673 727,969,482 741,722,155

Fair Value and Fair Value Hie_2

Fair Value and Fair Value Hierarchy of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Schedule of carrying amount and fair value of the financial instruments	The carrying amounts and fair values of the Group’s financial instruments measured at fair value are as follows: Carrying amounts Fair values As of December 31, As of December 31, 2020 2021 2020 2021 HK$ HK$ HK$ HK$ Financial assets Financial assets at fair value through profit or loss 1,377,856,715 2,574,695,685 1,377,856,715 2,574,695,685 Derivative financial asset 1,023,902,566 969,894,519 1,036,169,019 968,386,750 Stock loan 878,483,400 211,331,400 878,483,400 211,331,400 3,280,242,681 3,755,921,604 3,292,509,134 3,754,413,835 Financial liabilities Derivative financial liability 12,954,313 13,752,673 12,954,313 13,752,673
Disclosure of detailed information about in unobservable inputs to valuation of financial instruments explanatory	Below is summary of significant unobservable inputs t o Valuation Significant Range or Sensitivity of value to the input Unlisted equity investment Investment B Multiple/ EVA Equity volatility 63.61% 5% increase/decrease in volatility results in decrease/increase in fair value by 3.5%/3.3% Unlisted equity investment Investment C Multiple/ EVA Equity volatility 39.64% 5% increase/decrease in volatility results in decrease/increase in fair value by 0.9%/0.9% Average P/E multiple of peers 10.4 5% increase/decrease in P/E multiple Derivative financial asset MCS Volatility of Underlying Assets 46.03% 5% increase/decrease in volatility results in increase/decrease in fair value by 0.23%/0.11% Credit rating BB One rank level increase in credit rating One rank level decrease in credit Derivative financial liability Binomial option pricing model Volatility 56.58% 5% increase/decrease in volatility results in increase/decrease in fair value by 1.63%/1.66% Discount rate 9.77% 5% increase/decrease in credit spread results in increase/decrease in fair value by 8.22%/9.41% Below is summary of significant unobservable inputs to valuation of financial instruments together with a quantitative sensitivity analysis as of December 31, 2021: Valuation Significant Range or Sensitivity of value to the input Unlisted Multiple/EVA Equity volatility 75.29% 5% increase/decrease in volatility results in decrease/increase in fair value by 0%/ 0% Median Forward P/E multiple of peers 2.10 5% increase/decrease in P/E multiple results in increase/decrease in fair value by 0%/ 1.9% Unlisted equity investment Investment C Multiple/EVA Equity volatility 48.52% 5% increase/decrease in volatility results in decrease/increase in fair value by 1.3%/1.3% Median Forward P/E multiple of peers 18.97 5% increase/decrease in P/E multiple results in increase/decrease in fair value by 4.2%/4.3% Unlisted equity investment Investment E Multiple/EVA Average P/E multiple of peers 61.29 5% increase/decrease in P/E multiple results in increase/decrease in fair value by 5.0%/5.0% Discount of lack of marketability 45% 5% increase/decrease in discount of lack of marketability results in decrease/increase in fair value by 4.1%/4.1% Unlisted equity investment Investment G Net Asset Value Method Net Asset Value Note (a) 5% increase/decrease in net asset value results in increase/decrease in fair value by 5.0%/5.0% Derivative financial asset MCS Volatility of Underlying Assets 35.95% 5% increase/decrease in volatility results in increase/decrease in fair value by 0.06% Derivative financial liability Binomial option pricing model Volatility 46.21% 5% increase/decrease in volatility results in increase/decrease in fair value by 0.07%/0.13% Discount rate 12.52% 5% increase/decrease in discount rate results in decrease/increase in fair value by 0.70%/0.71% Note: a. The fair value is derived from the net asset value of Investment G that is mostly attributable from its underlying property investments with their fair value being measured by income approach. The directors of the Company considered that remaining assets or liabilities in Investment G are not significant to the amount of overall investment and approximated to their fair value.
Disclosure of fair value measurement of assets explanatory	The following tables illustrate the fair value measurement hierarchy of the Group’s financial instruments: Assets measured at fair value Fair value measurement using Quoted prices in active (Level 1) Recent Significant (Level 3) Total HK$ HK$ HK$ HK$ As of December 31, 2020 Financial assets at fair value through profit or loss 185,435,750 892,565,280 299,855,685 1,377,856,715 Stock loan 878,483,400 — — 878,483,400 1,063,919,150 892,565,280 299,855,685 2,256,340,115 Derivative financial asset — — 1,023,902,566 1,023,902,566 1,063,919,150 892,565,280 1,323,758,251 3,280,242,681 As of December 31, 2021 Financial assets at fair value through profit or loss 844,075,860 21,525,064 1,709,094,761 2,574,695,685 Stock loan 211,331,400 — — 211,331,400 1,055,407,260 21,525,064 1,709,094,761 2,786,027,085 Derivative financial asset — — 969,894,519 969,894,519 1,055,407,260 21,525,064 2,678,989,280 3,755,921,604
Disclosure of Fair Value Measurement of Liabilities Explanatory	Liability measured at fair value Fair value measurement using Quoted prices (Level 1) Recent Significant (Level 3) Total HK$ HK$ HK$ HK$ As of December 31, 2020 Derivative financial liabilities — — 12,954,313 12,954,313 As of December 31, 2021 Derivative financial liabilities — — 13,752,673 13,752,673
Schedule of detailed information about in fair value measurement level 3	The movements in fair value measurements within Level 3 during the years are as follow: For the year ended December 31, 2019 2020 2021 HK$ HK$ HK$ Unlisted equity shares at fair value through profit or loss: At January 1, 281,241,909 322,697,916 299,855,685 Addition — — 163,180,000 Transfer — — 1,120,244,487 Disposal — — (196,036,584 ) Net fair value changes recognized 41,456,007 (22,842,231 ) 321,851,173 At December 31, 322,697,916 299,855,685 1,709,094,761 The total profits for the year included an unrealized gain of HK$315,852,726 relating to level 3 financial assets at FVTPL that are measured at fair value held as at December 31, 2021 (Unrealized gain of HK$41,456,007 and unrealized loss of HK$22,842,231 as at December 31, 2019 and 2020, respectively). Fair value gains or losses on financial assets at FVTPL are included in the “Net fair value changes on financial assets at fair value through profit or loss (except derivative financial assets) and stock loan” line item. For the year ended December 31, 2019 HK$ Warrants at fair value through profit or loss: At January 1, — Issued 15,699,600 Exercised (15,699,600 ) At December 31, — For the year ended December 31, 2020 2021 HK$ HK$ Derivative financial asset (Note 14): At January 1, 1,165,220,000 1,023,902,566 Recognition of day 1 profit or loss deferred on inception of contract, renegotiation and extension (41,782,951 ) 14,591,113 Net fair value gains recogni z 413,088,277 (68,599,160 ) Gain related to disposed investment 106,059,881 — Partial settlement (618,682,641 ) — At December 31, 1,023,902,566 969,894,519 For the year ended December 31, 2020 2021 HK$ HK$ Derivative financial liability (Note 23): At January 1, 20,813,810 12,954,313 Net fair value changes recognized in profit or loss (7,765,148 ) 798,360 Exchange alignment (94,349 ) — At December 31, 12,954,313 13,752,673

Financial Risk Management Obj_2

Financial Risk Management Objectives and Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Risk Management Objective And Policies [Abstract]
Disclosure of financial assets that are either past due or impaired	Maximum exposure and staging as of December 31, 2020 and 2021 As of December 31, 2020 12-month ECLs Lifetime ECLs HK$ Stage 1 HK$ Stage 2 HK$ Stage 3 HK$ Simplified approach HK$ Accounts receivable* 21,165,253 — — 56,184,997 77,350,250 Financial assets included in prepayments, deposits and other receivables —Normal** 1,650,827 — — — 1,650,827 —Doubtful** — — — — — Due from immediate holding company —Normal** 6,477,266,499 — — — 6,477,266,499 —Doubtful** — — — — — Other assets —Not yet past due 197,309,175 — — — 197,309,175 Cash and bank balances —Not yet past due 453,966,764 — — — 453,966,764 7,151,358,518 — — 56,184,997 7,207,543,515 * For accounts receivable to which the Group applies the simplified approach for impairment, information based on the provision matrix and internal credit rating mentioned in Note 11 to the consolidated financial statements. ** The credit quality of the financial assets included in prepayments, deposits and other receivables, and due from immediate holding company is considered to be “normal” when they are not past due and there is no information indicating that the financial assets had a significant increase in credit risk since initial recognition; “doubtful” when there has been significant increase in credit risk since initial recognition through information developed internally or externally; “loss” when there is evidence indicating the asset is credit-impaired: and “ write-off As of December 31, 2021 12-month ECLs Lifetime ECLs HK$ Stage 1 HK$ Stage 2 HK$ Stage 3 HK$ Simplified approach HK$ Accounts receivable* 21,545,865 — — 64,968,815 86,514,680 Financial assets included in prepayments, deposits and other receivables —Normal** 1,196,110 — — — 1,196,110 —Doubtful** — — — — — Due from immediate holding company —Normal** 2,144,975,230 — — — 2,144,975,230 —Doubtful** — — — — — Other assets — Not yet past due 136,065,738 — — — 136,065,738 Cash and bank balances — Not yet past due 526,206,108 — — — 526,206,108 2,829,989,051 — — 64,968,815 2,894,957,866 * For accounts receivable to which the Group applies the simplified approach for impairment, information based on the provision matrix and internal credit rating mentioned in Note 11 to the consolidated financial statements. ** The credit quality of the financial assets included in prepayments, deposits and other receivables and due from immediate holding company is considered to be “normal” when they are not past due and there is no information indicating that the financial assets had a significant increase in credit risk since initial recognition; “doubtful” when there has been significant increase in credit risk since initial recognition through information developed internally or externally; “loss” when there is evidence indicating the asset is credit-impaired: and “ write-off
Disclosure of maturity analysis for non-derivative financial liabilities	The following tables detail the Group’s remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. As of December 31, 2020 Weighted On demand 3 months to 1 year 1 to 5 years Total % HK$ HK$ HK$ HK$ Accounts payable N/A 201,986,202 — — 201,986,202 Bank borrowings 2.1 % 233,493,790 — — 233,493,790 Financial liabilities included in other payables and accruals N/A 54,136,011 — — 54,136,011 Convertible bond 7.8 % — — 124,606,940 124,606,940 489,616,003 — 124,606,940 614,222,943 As of December 31, 2021 Weighted On demand 3 months to 1 year 1 to 5 years Total % HK$ HK$ HK$ HK$ Accounts payable N/A 155,020,918 — — 155,020,918 Bank borrowings 2.1 % 390,926,836 2,631,251 — 393,558,087 Financial liabilities included in other payables and accruals N/A 72,029,390 — — 72,029,390 Convertible bond 7.8 % — — 125,319,026 125,319,026 617,977,144 2,631,251 125,319,026 745,927,421

Corporate Information - Summary

Corporate Information - Summary of information about company principal subsidiaries (Detail)		12 Months Ended
		Dec. 31, 2021HKD ($)	Dec. 31, 2020	Dec. 31, 2021SGD ($)	Dec. 31, 2021USD ($)
AMTD International Holding Group Limited (formerly known as AMTD Financial Planning Limited) ("AMTD IHG") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		Hong Kong (‘‘HK’’)
Issued and registered share capital		$ 500,000
Proportion Of Ownership Interest In Subsidiary Direct		100.00%	100.00%
Principal activities		Investment holding
AMTD Securities Limited [member]
Disclosure of subsidiaries [line items]
Place of incorporation		HK
Issued and registered share capital		$ 1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Investment holding
AMTD Global Markets Limited (formerly known as AMTD Asset Management Limited) ("AMTD GM") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		HK
Issued and registered share capital		$ 1,561,610,980
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Provision of investment banking, financial advisory services and asset management services
AMTD Global Markets Pte Ltd [Member]
Disclosure of subsidiaries [line items]
Place of incorporation		Singapore
Issued and registered share capital				$ 5,000,000
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Provision of investment banking, financial advisory services
Asia Alternative Asset Partners Limited ("AMTD AAAPL") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		HK
Issued and registered share capital		$ 5,000,000
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Provision of investment advisory services
AMTD Strategic Investment Limited ("AMTD SI") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		HK
Issued and registered share capital		$ 1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Strategic investment
AMTD Investment Solutions Group Limited ("AMTD ISG") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		HK
Issued and registered share capital		$ 1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Strategic investment
AMTD Overseas Limited (formerly known as AMTD Europe Holdings Limited) ("AMTD Overseas") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		HK
Issued and registered share capital		$ 1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%
Principal activities		Strategic investment
AMTD Fintech Investment Limited ("AMTD FI") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		HK
Issued and registered share capital		$ 1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Strategic investment
AMTD Investment Inc. ("AMTD Investment") [member]
Disclosure of subsidiaries [line items]
Place of incorporation		Cayman Islands
Issued and registered share capital					$ 1
Proportion Of Ownership Interest In Subsidiary Direct		100.00%	100.00%
Principal activities		Investment holding
AMTD Strategic Investment (BVI) Limited [member]
Disclosure of subsidiaries [line items]
Place of incorporation		BVI
Issued and registered share capital					1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Investment holding
AMTD Investment Solutions Group (BVI) Limited [member]
Disclosure of subsidiaries [line items]
Place of incorporation		BVI
Issued and registered share capital					1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Investment holding
AMTD IDEA International Limited (formerly known as AMTD Overseas (BVI) Limited)
Disclosure of subsidiaries [line items]
Place of incorporation		BVI
Issued and registered share capital					1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Investment holding
AMTD Fintech Investment (BVI) Limited [member]
Disclosure of subsidiaries [line items]
Place of incorporation		BVI
Issued and registered share capital					1
Proportion of Ownership Interest In Subsidiaries Indirect		100.00%	100.00%
Principal activities		Investment holding
AMTD Capital Co., Ltd. [Member]
Disclosure of subsidiaries [line items]
Place of incorporation	[1]	People’s Republic of China
Issued and registered share capital	[1]				$ 3,990,000
Proportion of Ownership Interest In Subsidiaries Indirect	[1]	50.13%	100.00%
Principal activities	[1]	Private fund management
[1]	* The translation is for identification purpose only

Corporate Information - Summa_2

Corporate Information - Summary of Reorganization - Additional Information (Detail)	Mar. 14, 2019Subsidiaries	Apr. 01, 2019shares	Mar. 18, 2019shares
AMTD Group And Transferred Entities [Member]
Disclosure of subsidiaries [line items]
Percentage of equity transferred			100.00%
AMTD Group And Transferred Entities [Member] | Class B Ordinary Shares [Member]
Disclosure of subsidiaries [line items]
Newly issued Shares			199,990,000
AMTD ISG [Member] | Class B Ordinary Shares [Member]
Disclosure of subsidiaries [line items]
Newly issued Shares			199,990,000
AMTD IHG [Member]
Disclosure of subsidiaries [line items]
Percentage of equity transferred		100.00%
AMTD IHG [Member] | Class B Ordinary Shares [Member]
Disclosure of subsidiaries [line items]
Newly issued Shares		1
VIRGIN ISLANDS, BRITISH [member]
Disclosure of subsidiaries [line items]
Number of subsidiaries incorporated | Subsidiaries	4

Basis of Presentation - Summary

Basis of Presentation - Summary of annual rates for depreciation of property plant and equipment (Detail)	12 Months Ended
	Dec. 31, 2021
Furniture and fixtures [member]
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate, property, plant and equipment	20.00%
Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate, property, plant and equipment	33.33%

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Jan. 01, 2021
LIBOR [member]
Basis of Presentation [Line Items]
Borrowings		$ 116,280,000
Bank Borrowing [Member] | Interest Rate Benchmark Reform-Phase 2 [member]
Basis of Presentation [Line Items]
Borrowings, original currency	denominated in US$
Borrowings, Maturity	1 March 2022

Significant Accounting Estima_2

Significant Accounting Estimates and Judgements - Additional Information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting judgements and estimates [Abstract]
Deferred tax expense (income) recognised in profit or loss	$ 242,913,577	$ (79,556,400)

Operating Segment Information -

Operating Segment Information - Schedule Of Operating Segments (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of operating segments [line items]
Revenue from contracts with customers	$ 680,477,636	$ 607,263,125	$ 580,006,276
Unallocated other income	125,538,171	111,867,468	22,090,268
Unallocated finance costs	(12,825,923)	(21,510,079)	(27,705,955)
Unallocated net changes in fair value on derivative financial liability		7,765,148
PROFIT BEFORE TAX	1,331,176,555	1,001,420,217	989,253,972
Depreciation	44,226	30,374	113,919
Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	1,397,844,217	1,118,540,173	1,204,174,011
Gross profit	1,375,871,028	1,076,548,268	1,146,704,114
Unallocated amounts [member]
Disclosure of operating segments [line items]
Unallocated other income	125,538,171	111,867,468	22,088,780
Unallocated finance costs	(12,825,923)	(21,510,079)	(27,705,955)
Unallocated net changes in fair value on derivative financial liability		7,765,148
Corporate and other unallocated expenses	(157,406,721)	(173,250,588)	(151,832,967)
External Customer [member] | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	680,477,636	607,263,125	580,006,276
Other Customer [member] | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	717,366,581	511,277,048	624,167,735
Investment Banking [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	597,097,663	376,324,880	455,955,912
Investment Banking [member] | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	597,097,663	376,324,880	455,955,912
Gross profit	580,773,498	339,933,098	413,354,182
Investment Banking [member] | External Customer [member] | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	597,097,663	376,324,880	455,955,912
Asset Management [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	83,379,973	230,938,245	124,050,364
Asset Management [member] | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	83,379,973	230,938,245	124,050,364
Gross profit	77,730,949	225,338,122	109,182,198
Asset Management [member] | External Customer [member] | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	83,379,973	230,938,245	124,050,364
Strategic Investment | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	717,366,581	511,277,048	624,167,735
Gross profit	717,366,581	511,277,048	624,167,734
Strategic Investment | Other Customer [member] | Operating segments [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	717,366,581	511,277,048	624,167,735
Other Segments [Member]
Disclosure of operating segments [line items]
Depreciation	$ 44,226	30,374	113,919
Capital expenditure		$ 110,734	$ 13,710

Operating Segment Information_2

Operating Segment Information - Schedule of segment assets and liabilities (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Segment assets	$ 6,686,838,043	$ 10,526,290,287
Segment liabilities	897,964,869	802,114,692
Operating segments [member]
Disclosure of operating segments [line items]
Segment assets	3,993,450,814	3,567,671,602
Operating segments [member] | Investment Banking [member]
Disclosure of operating segments [line items]
Segment assets	54,763,265	21,976,920
Operating segments [member] | Asset Management [member]
Disclosure of operating segments [line items]
Segment assets	182,765,945	265,452,001
Segment liabilities	155,651,880	249,257,201
Operating segments [member] | Strategic Investment [member]
Disclosure of operating segments [line items]
Segment assets	3,755,921,604	3,280,242,681
Unallocated amounts [member]
Disclosure of operating segments [line items]
Segment assets	2,693,387,229	6,958,618,685
Segment liabilities	$ 742,312,989	$ 552,857,491

Operating Segment Information_3

Operating Segment Information - Schedule of group's revenue from external customers by geographical areas (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of geographical areas [line items]
Revenue from contracts with customers	$ 680,477,636	$ 607,263,125	$ 580,006,276
Investment Banking [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	597,097,663	376,324,880	455,955,912
Asset Management [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	83,379,973	230,938,245	124,050,364
HK [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	581,214,273	234,603,029	139,527,942
HK [Member] | Investment Banking [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	567,806,733	212,766,711	118,086,900
HK [Member] | Asset Management [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	13,407,540	21,836,318	21,441,042
CN [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	95,497,359	355,838,954	392,875,758
CN [Member] | Investment Banking [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	29,290,930	163,447,101	300,078,498
CN [Member] | Asset Management [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	66,206,429	192,391,853	92,797,260
US [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers			33,572,127
US [Member] | Investment Banking [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers			30,342,514
US [Member] | Asset Management [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers			3,229,613
Other Countries [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	3,766,004	16,821,142	14,030,449
Other Countries [Member] | Investment Banking [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers		111,068	7,448,000
Other Countries [Member] | Asset Management [Member]
Disclosure of geographical areas [line items]
Revenue from contracts with customers	$ 3,766,004	$ 16,710,074	$ 6,582,449

Operating Segment Information_4

Operating Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021
One Of The Customers [Member]
Disclosure of operating segments [line items]
Percentage of entity's revenue	19.70%

Revenue and Other Income - Sche

Revenue and Other Income - Schedule of analysis of revenue (Detail) - HKD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		$ 680,477,636	$ 607,263,125	$ 580,006,276
Dividend income		48,711,208	88,078,159	92,316,548
Gain related to disposed investment		125,112,176	82,948,508	8,235,180
Dividend and gain related to disposed investment		173,823,384	171,026,667	100,551,728
Total net fair value changes on financial assets at fair value through profit or loss and stock loan		597,551,244	(31,054,945)	(641,603,993)
Net fair value changes on derivative financial asset		(54,008,047)	371,305,326	1,165,220,000
Total revenue		1,397,844,217	1,118,540,173	1,204,174,011
Management Fee and Performance Based Incentive Fee [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		57,230,194	196,352,216	103,509,196
Brokerage And Handling Fees [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		25,356,917	33,359,007	19,383,099
Others [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		792,862	1,227,022	1,158,069
Listed Equity Shares [member]
Disclosure Of Analysis Of Revenue [Line Items]
Total net fair value changes on financial assets at fair value through profit or loss and stock loan		54,008,047	(371,305,326)	(683,060,000)
Unlisted Equity Shares [member]
Disclosure Of Analysis Of Revenue [Line Items]
Total net fair value changes on financial assets at fair value through profit or loss and stock loan	[1]	543,543,197	313,561,520	41,456,007
Unlisted Equity Linked Notes [member]
Disclosure Of Analysis Of Revenue [Line Items]
Total net fair value changes on financial assets at fair value through profit or loss and stock loan			26,688,861
Derivative financial Asset [member]
Disclosure Of Analysis Of Revenue [Line Items]
Net fair value changes on derivative financial asset		717,366,581	511,277,048	624,167,735
Investment Banking [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		597,097,663	376,324,880	455,955,912
Total revenue		597,097,663	376,324,880	455,955,912
Investment Banking [member] | Investment banking fee and income [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		597,097,663	376,324,880	455,955,912
Asset Management [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		83,379,973	230,938,245	124,050,364
Total revenue		83,379,973	230,938,245	124,050,364
Asset Management [member] | Management Fee and Performance Based Incentive Fee [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		57,230,194	196,352,216	103,509,196
Asset Management [member] | Brokerage And Handling Fees [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		25,356,917	33,359,007	19,383,099
Asset Management [member] | Others [member]
Disclosure Of Analysis Of Revenue [Line Items]
Revenue from external customers and others		792,862	1,227,022	1,158,069
Strategic Investment [member]
Disclosure Of Analysis Of Revenue [Line Items]
Dividend income		48,711,208	88,078,159	92,316,548
Gain related to disposed investment		125,112,176	82,948,508	8,235,180
Total revenue		$ 717,366,581	$ 511,277,048	$ 624,167,735
[1]	For the year ended December 2019, 2020 and 2021, net fair value gain arising from investments in equity securities of related parties are HK$ Nil, HK$336,403,752 and HK$545,199,207, respectively (Note 27(a)(ii)).

Revenue and Other Income - Sc_2

Revenue and Other Income - Schedule of analysis of revenue (Parenthetical) (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Gain loss due to change in fair value of investments in related parties	$ 545,199,207	$ 336,403,752	$ 0

Revenue and Other Income - Sc_3

Revenue and Other Income - Schedule revenue from contracts with customers (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	$ 680,477,636	$ 607,263,125	$ 580,006,276
Net fair value changes on financial assets at fair value through profit or loss and stock loan	597,551,244	(31,054,945)	(641,603,993)
Net fair value changes on derivative financial instrument	(54,008,047)	371,305,326	1,165,220,000
Gain related to disposed investment	125,112,176	82,948,508	8,235,180
Dividend income	48,711,208	88,078,159	92,316,548
Total revenue	1,397,844,217	1,118,540,173	1,204,174,011
Underwriting Commission And Brokerage Fee [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	29,051,940	165,472,605	403,573,912
Financial Advisory Fee [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	568,045,723	210,852,275	52,382,000
Management Fee And Performance Based Incentive Fee [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	57,230,194	196,352,216	103,509,196
Brokerage And Handling Fees [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	25,356,917	33,359,007	19,383,099
Others [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	792,862	1,227,022	1,158,069
Investment Banking [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	597,097,663	376,324,880	455,955,912
Total revenue	597,097,663	376,324,880	455,955,912
Investment Banking [member] | Underwriting Commission And Brokerage Fee [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	29,051,940	165,472,605	403,573,912
Investment Banking [member] | Financial Advisory Fee [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	568,045,723	210,852,275	52,382,000
Asset Management [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	83,379,973	230,938,245	124,050,364
Total revenue	83,379,973	230,938,245	124,050,364
Asset Management [member] | Management Fee And Performance Based Incentive Fee [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	57,230,194	196,352,216	103,509,196
Asset Management [member] | Brokerage And Handling Fees [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	25,356,917	33,359,007	19,383,099
Asset Management [member] | Others [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from external customers and others	792,862	1,227,022	1,158,069
Strategic Investment [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Net fair value changes on financial assets at fair value through profit or loss and stock loan	597,551,244	(31,054,945)	(641,603,993)
Net fair value changes on derivative financial instrument	(54,008,047)	371,305,326	1,165,220,000
Gain related to disposed investment	125,112,176	82,948,508	8,235,180
Dividend income	48,711,208	88,078,159	92,316,548
Total revenue	$ 717,366,581	$ 511,277,048	$ 624,167,735

Revenue and Other Income - Summ

Revenue and Other Income - Summary of timing of revenue recognition (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	$ 680,477,636	$ 607,263,125	$ 580,006,276
Investment Banking [member]
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	597,097,663	376,324,880	455,955,912
Asset Management [member]
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	83,379,973	230,938,245	124,050,364
Services transferred at a point in time
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	623,008,452	200,058,634	424,115,080
Services transferred at a point in time | Investment Banking [member]
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	596,858,673	165,472,605	403,573,912
Services transferred at a point in time | Asset Management [member]
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	26,149,779	34,586,029	20,541,168
Services transferred over time
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	57,469,184	407,204,491	155,891,196
Services transferred over time | Investment Banking [member]
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	238,990	210,852,275	52,382,000
Services transferred over time | Asset Management [member]
Disclosure Of Timing Of Revenue Recognition [Line Items]
Revenue from contracts with customers	$ 57,230,194	$ 196,352,216	$ 103,509,196

Revenue and Other Income - Disc

Revenue and Other Income - Disclosure of Revenue Recognition from Performance Obligation (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Asset management	$ 46,640,036	$ 94,328,532

Revenue and Other Income - Sc_4

Revenue and Other Income - Schedule of transaction prices allocated to the remaining performance obligations (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of performance obligations [line items]
Current contract liabilities	$ 630,962	$ 47,270,998	$ 111,974,163
Within one year
Disclosure of performance obligations [line items]
Transaction price allocated to remaining performance obligations	$ 630,962	35,716,912
More than one year
Disclosure of performance obligations [line items]
Transaction price allocated to remaining performance obligations		$ 11,554,086

Revenue and Other Income - Sc_5

Revenue and Other Income - Schedule of other income (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Other Operating Income [Line Items]
Bank interest income	$ 15,174	$ 67,783	$ 1,115,839
Interest income from the immediate holding company (Note 27(A)(iv)) (Note 27(B)(i))	116,028,045	101,159,079	17,562,104
Government grants	0	3,061,665
Others	9,494,952	7,578,941	3,412,325
Total other income	$ 125,538,171	$ 111,867,468	$ 22,090,268

Revenue and Other Income - Addi

Revenue and Other Income - Additional Information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Government grants		$ 3,061,665
Revenue from early terminated contracts	$ 15,563,437

Other Operating Expenses - Sche

Other Operating Expenses - Schedule of operating expenses and foreign exchange differences included in the consolidated statement of profit or loss and other comprehensive income (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other operating expenses
Marketing and brand promotional expenses	$ 597,566	$ 5,696,606	$ 12,903,989
Premises costs and office utilities
Premises costs	14,226,081	14,244,127	11,965,344
Office utilities	7,821,627	6,601,790	9,152,802
Premises costs and office utilities	22,047,708	20,845,917	21,118,146
Traveling and business development expenses	3,747,166	5,636,354	19,362,587
Commissions and bank charges	1,308,425	1,957,433	2,307,050
Office and maintenance expenses	55,192	175,348	1,430,834
Administrative service fee (Note 26(a)(iii))	24,330,000	24,330,000	12,000,000
Legal and professional fees
Auditor's remuneration	7,343,259	12,068,575	11,402,267
Other legal and professional fees	8,636,734	12,434,767	11,776,501
Professional indemnity expense	8,683,032	11,811,165
Legal and professional fees	24,663,025	36,314,507	23,178,768
Staff welfare and staff recruitment expenses	2,322,035	1,223,673	2,471,705
Staff welfare and staff recruitment expenses
Depreciation	44,226	30,374	113,919
Foreign exchange differences, net	963,422	3,222,789	12,596,647
Other expenses	3,715,247	4,290,210	7,213,210
Other expenses, by nature	4,722,895	7,543,373	19,923,776
Operating expenses	$ 83,794,012	$ 103,723,211	$ 114,696,855

Staff Costs - Schedule of staff

Staff Costs - Schedule of staff costs (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Classes of employee benefits expense [abstract]
Salaries and bonuses	$ 94,776,416	$ 93,660,617	$ 93,703,848
Pension scheme contributions (defined contribution schemes)	809,482	749,664	903,649
Employee benefits expense	$ 95,585,898	$ 94,410,281	$ 94,607,497

Finance Costs - Schedule of fin

Finance Costs - Schedule of finance costs (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finance Costs [Abstract]
Interests on margin loans payable	$ 0	$ 12,475,296	$ 27,705,955
Interests on convertible bond	8,085,419	7,717,348
Interests on bank borrowings	4,740,504	1,317,435
Total Finance costs	$ 12,825,923	$ 21,510,079	$ 27,705,955

Income Tax Expense_(Credit) - C

Income Tax Expense/(Credit) - Components of Income Tax Benefits/(Expenses) (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Hong Kong profits tax
Charge for the year	$ 104,423,916	$ 96,708,600	$ 69,585,469
Overprovision in prior year		(143,606)
Deferred tax		(242,913,577)	79,556,400
The People's Republic of China withholding tax Charge for the year	4,871,121	8,807,816	9,207,649
Income tax expense/(credit)	$ 109,295,037	$ (137,540,767)	$ 158,349,518

Income Tax Expense_(Credit) - A

Income Tax Expense/(Credit) - Additional Information (Detail) - HK [Member]	Mar. 28, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax [Line Items]
Applicable tax rate	16.50%	16.50%	16.50%	16.50%
Tax Rate Applicable on Profit of First Two Million Hong Kong Dollars [Member]
Income Tax [Line Items]
Applicable tax rate		8.25%	8.25%
Tax Rate Applicable on Profit of First Two Million Hong Kong Dollars [Member] | Intoduction Of Two Tiered Profits Tax Rates Regime [Member]
Income Tax [Line Items]
Applicable tax rate	8.25%
Tax Rate Applicable on Profit of Above Two Million Hong Kong Dollars [Member]
Income Tax [Line Items]
Applicable tax rate		16.50%	16.50%
Tax Rate Applicable on Profit of Above Two Million Hong Kong Dollars [Member] | Intoduction Of Two Tiered Profits Tax Rates Regime [Member]
Income Tax [Line Items]
Applicable tax rate	16.50%

Income Tax Expense_(Credit) - R

Income Tax Expense/(Credit) - Reconciliation of income tax expenses and profit before tax at statutory tax rate (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Major components of tax expense (income) [abstract]
Profit before tax	$ 1,331,176,555	$ 1,001,420,217	$ 989,253,972
Tax at statutory tax rate of 16.5%	219,644,132	165,234,336	163,226,906
Tax effect of two-tiered profit tax rate	(165,000)	(165,000)
Tax effect of non-taxable income	(95,836,917)	(79,190,106)	(23,255,305)
Tax effect of distribution to perpetual securities holders that are deductible for tax purpose	(20,747,569)
Tax effect of non-deductible expenses	1,566,657	10,887,971	8,952,076
Tax effect of unrecognized temporary difference	(4,075)	(25,011)	223,434
Tax effect of deferred tax liability reversed		(242,913,577)
Tax effect of tax loss not recognised			24,541
Overprovision in prior year		(143,606)
Utilization of tax losses previously not recognised	(33,312)	(33,590)	(29,783)
Withholding tax on the dividend income	4,871,121	8,807,816	9,207,649
Income tax expense/(credit)	$ 109,295,037	$ (137,540,767)	$ 158,349,518

Income Tax Expense_(Credit) -_2

Income Tax Expense/(Credit) - Reconciliation of income tax expenses and profit before tax at statutory tax rate (Parenthetical) (Detail)	Mar. 28, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
HK [Member]
Reconciliation Of Income Tax Expenses And Profit Before Tax At Statutory Tax Rate [Line Items]
Applicable tax rate	16.50%	16.50%	16.50%	16.50%

Earnings Per Share Attributab_3

Earnings Per Share Attributable To Ordinary Equity Holders of The Parent - Summary of Basic and diluted earnings per share (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Profit attributable to ordinary equity holders of the parent used in the basic earnings per share	$ 1,096,452,084	$ 1,059,973,270	$ 938,272,885
Class A ordinary shares [Member]
Numerator:
Profit attributable to ordinary equity holders of the parent used in the basic earnings per share	$ 299,742,816	$ 249,206,548	$ 69,906,757
Denominator:
Weighted average number of shares outstanding—basic	62,327,851	57,474,495	16,112,737
Basic earnings per share	$ 4.81	$ 4.34	$ 4.34
Numerator:
Profit attributable to ordinary equity holders of the parent used in the diluted earnings per share	$ 299,742,816	$ 248,629,790	$ 69,906,757
Denominator:
Weighted average number of ordinary shares outstanding—diluted	62,327,851	58,966,142	16,117,254
Diluted earnings per share	$ 4.81	$ 4.22	$ 4.34
Class B ordinary shares [Member]
Numerator:
Profit attributable to ordinary equity holders of the parent used in the basic earnings per share	$ 796,709,268	$ 810,766,722	$ 868,366,128
Denominator:
Weighted average number of shares outstanding—basic	165,665,944	186,987,093	200,148,822
Basic earnings per share	$ 4.81	$ 4.34	$ 4.34
Numerator:
Profit attributable to ordinary equity holders of the parent used in the diluted earnings per share	$ 796,709,268	$ 810,766,722	$ 868,366,128
Denominator:
Weighted average number of ordinary shares outstanding—diluted	165,665,944	186,987,093	200,204,936
Diluted earnings per share	$ 4.81	$ 4.34	$ 4.34

Earnings Per Share Attributab_4

Earnings Per Share Attributable To Ordinary Equity Holders of The Parent - Summary of weighted average shares (Detail) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class A Ordinary Shares [Member]
Shares:
Weighted average number of ordinary shares	62,327,851	57,474,495	16,112,737
Total shares	62,327,851	58,966,142	16,117,254
Class A Ordinary Shares [Member] | Warrants [member]
Shares:
Effect of dilution – weighted average number of ordinary shares			864
Class A Ordinary Shares [Member] | Convertible Bond [member]
Shares:
Effect of dilution – weighted average number of ordinary shares		1,491,647	3,653
Class B Ordinary Shares [Member]
Shares:
Weighted average number of ordinary shares	165,665,944	186,987,093	200,148,822
Total shares	165,665,944	186,987,093	200,204,936
Class B Ordinary Shares [Member] | Warrants [member]
Shares:
Effect of dilution – weighted average number of ordinary shares			10,728
Class B Ordinary Shares [Member] | Convertible Bond [member]
Shares:
Effect of dilution – weighted average number of ordinary shares			45,386

Earnings Per Share Attributab_5

Earnings Per Share Attributable To Ordinary Equity Holders of The Parent - Additional information (Detail)	12 Months Ended
	Dec. 31, 2020HKD ($)
Earnings per share [line items]
Increase Decrease Through The Adjustment Effect Of Interest On The Convertible Bond	$ 7,717,348
Increase (decrease) in credit derivative, fair value	7,765,148
Increase (decrease) through effect of changes in foreign exchange rates, liabilities arising from financing activities	$ 528,958

Accounts Receivable - Summary o

Accounts Receivable - Summary of trade receivables (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Trade Receivables [Line Items]
Accounts receivable	$ 86,514,680	$ 77,350,250
Receivable from investment banking services [Member]
Disclosure Of Trade Receivables [Line Items]
Accounts receivable	54,763,265	21,976,920
Receivable from brokers and clearing house [Member]
Disclosure Of Trade Receivables [Line Items]
Accounts receivable	21,406,257	19,864,662
Clients' receivables [Member]
Disclosure Of Trade Receivables [Line Items]
Accounts receivable	$ 10,345,158	$ 35,508,668

Accounts Receivable - Summary_2

Accounts Receivable - Summary of aging analysis of accounts receivable (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Aging Anaylsis Of Accounts Receivable [Line Items]
Accounts receivable	$ 86,514,680	$ 77,350,250
Current [member]
Disclosure Of Aging Anaylsis Of Accounts Receivable [Line Items]
Accounts receivable	74,048,058	67,241,210
Within 1 month [member]
Disclosure Of Aging Anaylsis Of Accounts Receivable [Line Items]
Accounts receivable	53,633	7,797,011
1 to 3 months [member]
Disclosure Of Aging Anaylsis Of Accounts Receivable [Line Items]
Accounts receivable	5,165,947	221,183
Over 3 months [member]
Disclosure Of Aging Anaylsis Of Accounts Receivable [Line Items]
Accounts receivable	$ 7,247,042	$ 2,090,846

Accounts Receivable - Summary_3

Accounts Receivable - Summary of trade receivable past due analysis (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Trade Receivable Past Due Analysis [Line Items]
Gross carrying amount	$ 86,514,680	$ 77,350,250
Credit Grade A [Member]
Disclosure Of Trade Receivable Past Due Analysis [Line Items]
Expected credit loss rate.	0.10%	0.07%
Gross carrying amount	$ 54,763,000	$ 21,977,000
Credit Grade BBB [Member]
Disclosure Of Trade Receivable Past Due Analysis [Line Items]
Expected credit loss rate.	0.17%	0.05%
Gross carrying amount	$ 24,218,000	$ 52,723,000
Credit Grade CCC [Member]
Disclosure Of Trade Receivable Past Due Analysis [Line Items]
Expected credit loss rate.	0.10%	0.56%
Gross carrying amount	$ 7,534,000	$ 2,650,000

Accounts Receivable - Additiona

Accounts Receivable - Additional information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021	Jan. 01, 2020	Dec. 31, 2019
DisclosureOfTradeReceivables [Line Items]
Loss allowance for accounts receivable	$ 0	$ 0		$ 0
Estimated loss on default percent	45.00%	45.00%
Impairment losses under expected credit loss model on accounts receivable	$ 17,109,001
Current trade receivables	$ 77,350,250	$ 86,514,680
Bottom of range [member]
DisclosureOfTradeReceivables [Line Items]
Probability of default	0.11%	0.12%
Top of range [member]
DisclosureOfTradeReceivables [Line Items]
Probability of default	30.91%	4.98%
Investment Banking [member]
DisclosureOfTradeReceivables [Line Items]
Receivables from contracts with customers			$ 66,740,188
Asset Management Service [Member]
DisclosureOfTradeReceivables [Line Items]
Receivables from contracts with customers			$ 3,197,245
Asset Management Service [Member] | Non Interest Bearing [Member]
DisclosureOfTradeReceivables [Line Items]
Current trade receivables	$ 34,208,077	$ 2,765,965
Fellow Subsidaries And Immediate Holding Company [Member]
DisclosureOfTradeReceivables [Line Items]
Loss allowance for accounts receivable	$ 0	$ 0

Prepayments, Deposits And Oth_3

Prepayments, Deposits And Other Receivables - Summary of prepayments, deposits and other receivables (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Detailed Information About Prepayments And Other Assets [Line Items]
Prepayments	$ 20,720,272	$ 23,221,564
Deposits	516,399	559,933
Other receivables	679,711	1,090,894
Prepayments, deposits and other receivables	$ 21,916,382	$ 24,872,391

Prepayments, Deposits And Oth_4

Prepayments, Deposits And Other Receivables - Additional information (Detail)	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Detailed Information About Prepayments And Other Assets [Line Items]
Percentage Of Loss On Default	45.00%	45.00%
Bottom of range [member]
Disclosure Of Detailed Information About Prepayments And Other Assets [Line Items]
Probability Of Default	0.09%	0.09%
Top of range [member]
Disclosure Of Detailed Information About Prepayments And Other Assets [Line Items]
Probability Of Default	0.44%	0.44%

Financial Assets At Fair Valu_3

Financial Assets At Fair Value Through Profit Or Loss And Stock Loan - Summary of financial assets at fair value through profit or loss and stock loan (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Financial assets at fair value through profit or loss and stock loan [Line Items]
Financial assets at fair value through profit or loss	$ 2,574,695,685	$ 1,377,856,715
Stock loan	211,331,400	878,483,400
Financial assets	2,786,027,085	2,256,340,115
Listed equity shares, at quoted price [Abstract]
Listed equity shares, at quoted price	1,055,407,260	1,001,399,213
Fair value of investments in unlisted equity shares [Abstract]
Unlisted equity shares	1,730,619,825	1,192,420,965
Unlisted equity linked notes [Abstract]
Unlisted equity linked note		62,519,937
Financial assets at fair value through profit or loss and stock loan	2,786,027,085	2,256,340,115
Investment A [member]
Listed equity shares, at quoted price [Abstract]
Listed equity shares, at quoted price	1,055,407,260	1,001,399,213
Investment B [member]
Fair value of investments in unlisted equity shares [Abstract]
Unlisted equity shares	86,195,893	85,706,112
Investment C [member]
Fair value of investments in unlisted equity shares [Abstract]
Unlisted equity shares	21,954,381	24,111,436
Investment D [member]
Fair value of investments in unlisted equity shares [Abstract]
Unlisted equity shares		190,038,137
Investment E [member]
Fair value of investments in unlisted equity shares [Abstract]
Unlisted equity shares	1,120,244,487	892,565,280
Investment F [member]
Unlisted equity linked notes [Abstract]
Unlisted equity linked note	9,979,264
Investment G [Member]
Fair value of investments in unlisted equity shares [Abstract]
Unlisted equity shares	480,700,000
Investment H [Member]
Fair value of investments in unlisted equity shares [Abstract]
Unlisted equity shares	$ 11,545,800
Investment I [Member]
Fair value of investments in unlisted debt securities [Abstract]
Unlisted debt securities		$ 62,519,937

Financial Assets At Fair Valu_4

Financial Assets At Fair Value Through Profit Or Loss And Stock Loan - (Additional Information) (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 28, 2021
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Line Items]
Unrealized gain on stock loan	$ 47,378,880
Investment A [member]
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Line Items]
Effective interest rate of financial assets reclassified out of financial assets at fair value through profit or loss			2.00%
Investment E [member]
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Line Items]
Extinguishment of Debt, Amount		$ 556,161,528
Investment G [Member]
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Line Items]
Extinguishment of Debt, Amount	163,180,000
Listed Equity Shares [member]
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Line Items]
Unrealized gain on stock loan		324,855,300
Listed Equity Shares [member] | Stock Loan [member]
Financial Assets At Fair Value Through Profit or Loss And Stock Loan [Line Items]
Fair value of listed equity shares	$ 211,331,400	$ 878,483,400

Derivative Financial Asset - Ad

Derivative Financial Asset - Additional information (Detail)	Jul. 01, 2019$ / shares	Apr. 01, 2019$ / shares	Dec. 31, 2021HKD ($)	Dec. 31, 2020HKD ($)	Jun. 26, 2020$ / sharesshares
Disclosure of detailed information about financial instruments [line items]
Market value of derivative contracts pledged | $			$ 3,089,570,978	$ 2,860,797,360
Underlying listed shares
Disclosure of detailed information about financial instruments [line items]
Number of shares of investment, disposed | shares					176,766,469
Number of consideration received from the disposal of investment | shares					618,682,641
Sale of stock per share					$ 5.5
Bottom of range [member]
Disclosure of detailed information about financial instruments [line items]
Percentage of profit eligible based on market price	25.00%
Top of range [member]
Disclosure of detailed information about financial instruments [line items]
Percentage of profit eligible based on market price	40.00%
AMTD Investment Solutions Group And AMTD Strategic Investments [Member]
Disclosure of detailed information about financial instruments [line items]
Number of shares of investment, disposed | shares					176,766,469
Upside Participation And Profit Distribution Amendment Agreement One [Member] | AMTD Investment Solutions Group And AMTD Strategic Investments [Member] | Ariana Capital And Investment [Member]
Disclosure of detailed information about financial instruments [line items]
Percentage of profit eligible based on market price		25.00%
Upside Participation And Profit Distribution Amendment Agreement Two [Member] | Bottom of range [member]
Disclosure of detailed information about financial instruments [line items]
Underlying, derivative instrument	$ 8.1
Upside Participation And Profit Distribution Amendment Agreement Two [Member] | Top of range [member]
Disclosure of detailed information about financial instruments [line items]
Underlying, derivative instrument	$ 9
Upside Participation And Profit Distribution Amendment Agreement Two [Member] | AMTD Investment Solutions Group And AMTD Strategic Investments [Member] | Ariana Capital And Investment [Member]
Disclosure of detailed information about financial instruments [line items]
Underlying, derivative instrument		$ 8.1

Derivative Financial Asset - Su

Derivative Financial Asset - Summary of financial instrument fair value (Detail) - HKD ($)	3 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020
Fair value using valuation technique [member]
Disclosure Of Derivative Financial Instrument Fair Value Change In Profit Or Loss And Other Comprehensive Income [Line Items]
Beginning balance	$ 1,081,207,567	$ 990,853,956	$ 1,022,223,853	$ 1,036,169,019	$ 998,359,116	$ 907,706,089	$ 1,437,300,079	$ 1,147,372,779
Changes in fair value	(111,313,048)	89,306,993	(34,326,652)	(12,266,453)	25,543,450	93,693,124	(13,291,518)	307,143,221
Partial settlement on June 26, 2020							(618,682,641)
Gain on disposal of derivative							106,059,881
Contract renegotiation	(1,507,769)	1,046,618	2,956,755	(1,678,713)	12,266,453	(3,040,097)	(3,679,712)	(17,215,921)
Ending balance	968,386,750	1,081,207,567	990,853,956	1,022,223,853	1,036,169,019	998,359,116	907,706,089	1,437,300,079
Fair value using valuation technique [member] | Previously Reported [Member]
Disclosure Of Derivative Financial Instrument Fair Value Change In Profit Or Loss And Other Comprehensive Income [Line Items]
Beginning balance	1,080,160,949	987,897,201	1,023,902,566	1,023,902,566	1,001,399,213	911,385,801	1,454,516,000
Ending balance	969,894,519	1,080,160,949	987,897,201	1,023,902,566	1,023,902,566	1,001,399,213	911,385,801	1,454,516,000
Day 1 profit or loss [member]
Disclosure Of Derivative Financial Instrument Fair Value Change In Profit Or Loss And Other Comprehensive Income [Line Items]
Beginning balance	(1,046,618)	(2,956,755)	1,678,713	(12,266,453)	3,040,097	3,679,712	17,215,921	17,847,221
Recognition of day 1 profit or loss	1,046,618	2,956,755	(1,678,713)	12,266,453	(3,040,097)	(3,679,712)	(17,215,921)	(17,847,221)
Contract renegotiation	1,507,769	(1,046,618)	(2,956,755)	1,678,713	(12,266,453)	3,040,097	3,679,712	17,215,921
Ending balance	1,507,769	(1,046,618)	(2,956,755)	1,678,713	(12,266,453)	3,040,097	3,679,712	17,215,921
Net carrying amount presented on the statement of financial position [member]
Disclosure Of Derivative Financial Instrument Fair Value Change In Profit Or Loss And Other Comprehensive Income [Line Items]
Beginning balance	1,080,160,949	987,897,201	1,023,902,566	1,023,902,566	1,001,399,213	911,385,801	1,454,516,000	1,165,220,000
Changes in fair value	(111,313,048)	89,306,993	(34,326,652)	(12,266,453)	25,543,450	93,693,124	(13,291,518)	307,143,221
Partial settlement on June 26, 2020							(618,682,641)
Gain on disposal of derivative							106,059,881
Recognition of day 1 profit or loss	1,046,618	2,956,755	(1,678,713)	12,266,453	(3,040,097)	(3,679,712)	(17,215,921)	(17,847,221)
Ending balance	969,894,519	1,080,160,949	987,897,201	1,023,902,566	1,023,902,566	1,001,399,213	911,385,801	1,454,516,000
Net carrying amount presented on the statement of financial position [member] | Previously Reported [Member]
Disclosure Of Derivative Financial Instrument Fair Value Change In Profit Or Loss And Other Comprehensive Income [Line Items]
Beginning balance	1,080,160,949	987,897,201	1,023,902,566	1,023,902,566	1,001,399,213	911,385,801	1,454,516,000
Ending balance	969,894,519	1,080,160,949	987,897,201	1,023,902,566	1,023,902,566	1,001,399,213	911,385,801	1,454,516,000
Net fair value change on derivative financial instrument presented on the statement of profit or loss and other comprehensive income [member]
Disclosure Of Derivative Financial Instrument Fair Value Change In Profit Or Loss And Other Comprehensive Income [Line Items]
Beginning balance	56,258,383	(36,005,365)	0	371,305,326	348,801,973	258,788,561	289,296,000
Changes in fair value	(111,313,048)	89,306,993	(34,326,652)	(12,266,453)	25,543,450	93,693,124	(13,291,518)	307,143,221
Recognition of day 1 profit or loss	1,046,618	2,956,755	(1,678,713)	12,266,453	(3,040,097)	(3,679,712)	(17,215,921)	(17,847,221)
Ending balance	(54,008,047)	56,258,383	(36,005,365)	0	371,305,326	348,801,973	258,788,561	289,296,000
Net fair value change on derivative financial instrument presented on the statement of profit or loss and other comprehensive income [member] | Previously Reported [Member]
Disclosure Of Derivative Financial Instrument Fair Value Change In Profit Or Loss And Other Comprehensive Income [Line Items]
Beginning balance	56,258,383	(36,005,365)	0	371,305,326	348,801,973	258,788,561	289,296,000
Ending balance	$ (54,008,047)	$ 56,258,383	$ (36,005,365)	$ 0	$ 371,305,326	$ 348,801,973	$ 258,788,561	$ 289,296,000

Other Assets - Summary of detai

Other Assets - Summary of detailed information about other assets (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Detailed Information About Other Assets [Line Items]
Other assets	$ 136,065,738	$ 197,309,175
Asset management business [Member]
Disclosure Of Detailed Information About Other Assets [Line Items]
Other assets	135,843,360	194,907,501
Others [Member]
Disclosure Of Detailed Information About Other Assets [Line Items]
Other assets	$ 222,378	$ 2,401,674

Cash and bank balances - Summar

Cash and bank balances - Summary of detailed information about cash and bank balances (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents [abstract]
Cash on hand	$ 595,992	$ 31,031
General bank accounts	525,610,116	453,935,733
Total cash and bank balances	$ 526,206,108	$ 453,966,764

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of detailed information about property plant and equipment (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	$ 111,357
Ending balance	67,131	$ 111,357
Carrying amount	67,131	111,357	$ 30,997
Fixtures and fittings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying amount		376	2,594
Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Carrying amount	67,131	110,981	$ 28,403
Cost [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	4,195,458	4,084,724
Additions		110,734
Ending balance		4,195,458
Cost [member] | Fixtures and fittings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	11,090	11,090
Ending balance		11,090
Cost [member] | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	4,184,368	4,073,634
Additions		110,734
Ending balance		4,184,368
Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(4,084,101)	(4,053,727)
Change for the year	44,226	30,374
Ending balance	(4,128,327)	(4,084,101)
Accumulated depreciation [member] | Fixtures and fittings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(10,714)	(8,496)
Change for the year	376	2,218
Ending balance	(11,090)	(10,714)
Accumulated depreciation [member] | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(4,073,387)	(4,045,231)
Change for the year	43,850	28,156
Ending balance	$ (4,117,237)	$ (4,073,387)

Intangible asset - Summary of I

Intangible asset - Summary of Intangible asset (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Intangible assets [Abstract]
Net carrying amount as of December 31, 2020 and December 31, 2021	$ 15,171,170	$ 15,171,170

Accounts payable - Summary of t

Accounts payable - Summary of trade and other payables (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Trade and other payables [abstract]
Clients' payables	$ 146,917	$ 138,747
Payables to clearing house and brokers	8,590,241	1,311,748
Clients' monies held on trust (Note 15)	146,283,760	200,535,707
Accounts payable	$ 155,020,918	$ 201,986,202

Accounts payable - Summary of a

Accounts payable - Summary of aging analysis of the accounts payable (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Detailed Information About Aging Analysis Of Trade And Other Payables Explanatory [Line Items]
Trade and other current payables	$ 155,020,918	$ 201,986,202
Within one month [member]
Disclosure Of Detailed Information About Aging Analysis Of Trade And Other Payables Explanatory [Line Items]
Trade and other current payables	155,020,918	1,450,495
Repayable on demand [member]
Disclosure Of Detailed Information About Aging Analysis Of Trade And Other Payables Explanatory [Line Items]
Trade and other current payables		$ 200,535,707

Bank Borrowings - Summary of cu

Bank Borrowings - Summary of currency analysis of bank borrowings (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 388,870,500	$ 232,280,000
Hong Kong Dollars [Member]
Disclosure of detailed information about borrowings [line items]
Borrowings	116,000,000	116,000,000
United States Dollars [Member]
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 272,870,500	$ 116,280,000

Bank Borrowings - Additional In

Bank Borrowings - Additional Information (Detail)	Dec. 31, 2021HKD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020HKD ($)	Dec. 31, 2020USD ($)
Disclosure of detailed information about borrowings [abstract]
Borrowings, interest rate	2.10%	2.10%	2.10%	2.10%
Borrowings	$ 388,870,500		$ 232,280,000
Banking facilities granted to the Group	$ 389,815,000	$ 50,000,000	$ 232,560,000	$ 30,000,000

Other Payables And Accruals - S

Other Payables And Accruals - Summary of detailed information about other payables and accruals (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Detailed Information About Accrued Expenses And Other Liabilities [Line Items]
Accruals and other payables	$ 91,594,587	$ 81,054,895
Contract liabilities	630,962	47,270,998	$ 111,974,163
Current accrued expenses and other current liabilities	$ 92,225,549	$ 128,325,893

Other Payables And Accruals -_2

Other Payables And Accruals - Summary of detailed information about contract liabilities (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of performance obligations [line items]
Beginning Value	$ 47,270,998	$ 111,974,163
Upfront fee received during the year		38,201,342
Revenue recognized during the year	(46,640,036)	(102,904,507)
Ending value	$ 630,962	$ 47,270,998

Deferred Tax Liabilities - Summ

Deferred Tax Liabilities - Summary of Deferred Tax Liabilites (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax charged to profit or loss during the year (Note 9)		$ (242,913,577)	$ 79,556,400
Unrealized Gain on Investment [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance	$ 0	242,913,577
Deferred tax charged to profit or loss during the year (Note 9)	0	(242,913,577)
Ending balance	$ 0	$ 0	$ 242,913,577

Deferred Tax Liabilities - Addi

Deferred Tax Liabilities - Additional Information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax expense (income) recognized in profit or loss		$ (242,913,577)	$ 79,556,400
HK [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Estimated tax losses	$ (348,724)	$ (550,615)

Convertible Bond and Derivati_3

Convertible Bond and Derivative Financial Liability - Additional Information (Detail) - Convertible bonds [member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 19, 2019
Summary of convertible bonds [line items]
Convertible bond, interest rate		2.00%
Convertible bond, principal amount		$ 15,000,000
Convertible bond, maturity date	June 30, 2023
Convertible bond, conversion basis	99.44 American Depositary Shares (“ADSs”) per US$1,000 principal.
Convertible bond, conversion price	$ 99.44
Convertible bond, minimum conversion amount	$ 10,000,000

Convertible Bond and Derivati_4

Convertible Bond and Derivative Financial Liability - Summary of convertible bonds (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Summary of movement of convertible bond [line items]
Fair value gain recognized in profit or loss		$ 7,765,148
Convertible bonds [member] | Liability component [Member]
Summary of movement of convertible bond [line items]
Beginning balance	$ 103,278,429	95,995,690
Interest for the year	8,085,419	7,717,348
Exchange alignment	606,536	(434,609)
Ending balance	111,970,384	103,278,429
Convertible bonds [member] | Derivative Financial Liability [Member]
Summary of movement of convertible bond [line items]
Beginning balance	12,954,313	20,813,810
Fair value gain recognized in profit or loss		(7,765,148)
Exchange alignment	798,360	(94,349)
Ending balance	$ 13,752,673	$ 12,954,313

Share Capital, Capital Reserv_3

Share Capital, Capital Reserve and Treasury Shares - Additional Information (Detail) $ / shares in Units, $ in Millions	Aug. 05, 2019HKD ($)shares	Apr. 26, 2019USD ($)shares	Apr. 10, 2019USD ($)shares	Sep. 30, 2021HKD ($)shares	Dec. 31, 2021HKD ($)shares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019HKD ($)shares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2021$ / sharesshares
Disclosure of classes of share capital [line items]
Increase (decrease) through exercise of warrants, equity							$ 94,197,600
Proceeds from issue of shares							2,767,254,756
Proceeds from warrant issue							$ 15,699,600	$ 2
Description of warrant rights							one ordinary share	one ordinary share
Exercise price of warrant | $ / shares								$ 7.2
New issuance of shares							$ 782,393,491
Listing expense							$ 58,300,000
Class B ordinary shares converted into Class A ordinary shares | shares					0	21,243,000	0	0
Initial Public Offer [Member]
Disclosure of classes of share capital [line items]
Share issuance costs	$ 1,507,200,000
Class B Ordinary Shares [Member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares						$ 0.0001		$ 0.0001	$ 0.0001
Number of ordinary shares issued during the period | shares							4,526,627	4,526,627
Proceeds from issue of shares				$ 5,000,000,000	$ 5,000,000,000
Common stock shares outstanding | shares						183,283,628			183,283,628
Repurchase of ordinary shares | shares				69,144,673	69,144,673
Class A ordinary shares [Member]
Disclosure of classes of share capital [line items]
Increase (decrease) through exercise of warrants, equity			$ 10
Par value per share | $ / shares						$ 0.0001		$ 0.0001	$ 0.0001
Number of ordinary shares issued during the period | shares		8,236,838	1,666,666				7,307,692	7,307,692
Proceeds from issue of shares		$ 53.5
Common stock shares outstanding | shares						62,327,851		41,084,851	62,327,851
Class A ordinary shares [Member] | Initial Public Offer [Member]
Disclosure of classes of share capital [line items]
Shares Issued and fully paid | shares	23,873,655
American depository shares [member] | Initial Public Offer [Member]
Disclosure of classes of share capital [line items]
Shares Issued and fully paid | shares	23,873,655
Class A and Class B ordinary shares [member]
Disclosure of classes of share capital [line items]
Issue price per share | $ / shares								$ 8.45
New issuance of shares								$ 100

Share Capital, Capital Reserv_4

Share Capital, Capital Reserve and Treasury Shares - Summary of Reserves Within Equity (Detail) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class A ordinary shares [Member]
Disclosure of reserves within equity [line items]
Beginning balance, Number of shares	62,327,851	41,084,851
Exercise of warrants, Number of shares			1,666,666
Pre-IPO financing, Number of shares			8,236,838
Initial public offering, Number of shares			23,873,655
New issuance of shares, Number of shares			7,307,692
Convertion of class B ordinary shares to class A ordiniary shares Number of shares		21,243,000
Ending balance, Number of shares	62,327,851	62,327,851	41,084,851
Class B ordinary shares excluding treasury shares [Member]
Disclosure of reserves within equity [line items]
Beginning balance, Number of shares	183,283,628	204,526,628	200,000,001
New issuance of shares, Number of shares			4,526,627
Convertion of class B ordinary shares to class A ordiniary shares Number of shares		(21,243,000)
Repurchase of ordinary shares	69,144,673
Ending balance, Number of shares	114,138,955	183,283,628	204,526,628
Class B treasury shares [Member]
Disclosure of reserves within equity [line items]
Repurchase of ordinary shares	69,144,673
Ending balance, Number of shares	69,144,673

Perpetual Securities - Addition

Perpetual Securities - Additional Information (Detail)	May 14, 2020HKD ($)	Dec. 31, 2021HKD ($)	Dec. 31, 2020HKD ($)	Oct. 27, 2021HKD ($)	Oct. 27, 2021SGD ($)	May 14, 2020USD ($)	May 14, 2020HKD ($)	May 14, 2020SGD ($)
Disclosure of classes of share capital [line items]
Exchange of Securities into aggregate amount of Senior perpetual capital securities			$ 382,082,113
Profit attributable to holders of Perpetual Securities		$ 125,742,843	78,987,714
Cash paid to holders of preprtual securities		$ 124,279,754	$ 62,753,625
Perpetual Securities I [member]
Disclosure of classes of share capital [line items]
Debt securities issued						$ 200,000,000	$ 1,550,020,000
Shares Distribution rate						7.25%	7.25%	7.25%
Direct transaction costs attributable to the perpetual securities	$ 4,460,393
Exchange of Securities into aggregate amount of Senior perpetual capital securities						$ 38,920,000	$ 301,633,892
First reset date of perpetual securities issued		May 14, 2023
Initial spread		7.011%
Step up margin to the distribution rate		5.00%
Perpetual Securities II [member]
Disclosure of classes of share capital [line items]
Debt securities issued							$ 272,890,845	$ 50,000,000
Shares Distribution rate						4.50%	4.50%	4.50%
Direct transaction costs attributable to the perpetual securities	$ 4,460,393
Exchange of Securities into aggregate amount of Senior perpetual capital securities							$ 80,448,221	$ 14,740,000
Optional dedemption date		May 14, 2025
Debt securities redeemed face amount				$ 65,104,192	$ 11,188,000
Percentage of debt securities ,redemption price				75.00%	75.00%
Gain loss on debt securities				$ 15,949,627

Notes To The Consolidated Sta_3

Notes To The Consolidated Statements Of Cash Flows - Summary Of Liabilities Arising From Financing Activities (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	$ 348,512,742	$ 434,531,938	$ 321,999,549
Cash flow from financing activities	151,263,786	(99,235,169)	84,826,434
Interest expenses	12,825,923	21,510,079	27,705,955
Exchange alignment	1,991,106	(528,958)
Fair value gain recognized in profit or loss		(7,765,148)
Ending balance	514,593,557	348,512,742	434,531,938
Margin Loans Payable [Member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance		317,722,438	321,999,549
Cash flow from financing activities		(330,197,734)	(31,983,066)
Interest expenses		12,475,296	27,705,955
Ending balance			317,722,438
Convertible Bond [member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	103,278,429	95,995,690
Cash flow from financing activities			95,995,690
Interest expenses	8,085,419	7,717,348
Exchange alignment	606,536	(434,609)
Ending balance	111,970,384	103,278,429	95,995,690
Derivative Financial Liability [Member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	12,954,313	20,813,810
Cash flow from financing activities			20,813,810
Exchange alignment	798,360	(94,349)
Fair value gain recognized in profit or loss		(7,765,148)
Ending balance	13,752,673	12,954,313	$ 20,813,810
Bank Borrowings [Member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	232,280,000
Cash flow from financing activities	151,263,786	230,962,565
Interest expenses	4,740,504	1,317,435
Exchange alignment	586,210
Ending balance	$ 388,870,500	$ 232,280,000

Notes To The Consolidated Sta_4

Notes To The Consolidated Statements Of Cash Flows - Summary Of Balances With Related Parties Explnatory (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Company [Member]
Disclosure of transactions between related parties [line items]
Investing activities
Net cash outflow
Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Investing activities
Net cash outflow
Immediate holding company [Member]
Disclosure of transactions between related parties [line items]
Investing activities	(348,701,497)	(3,581,230,632)	(2,957,926,150)
Net cash outflow	$ (348,701,497)	$ (3,581,230,632)	$ (2,957,926,150)

Notes To The Consolidated Sta_5

Notes To The Consolidated Statements Of Cash Flows - Additional Information (Detail) $ in Millions	Apr. 26, 2019USD ($)shares	Apr. 10, 2019USD ($)shares	Sep. 30, 2021HKD ($)shares	Dec. 31, 2021HKD ($)shares	Dec. 31, 2020HKD ($)	Dec. 31, 2019HKD ($)shares
Notes To The Consolidated Statement Of Cash Flows [Line Items]
Purchasing financial assets				$ 181,633,667	$ 148,671,602
Peoceeds from Disposel of equity linked notes by subsidiary					195,789,033
Exercise of warrants						$ 94,197,600
Gain recognized on investment of equity linked notes				119,113,730	$ 82,948,667
Acquisition of financial assets at fair value through profit or loss				163,180,000
Disposal of financial assets at fair value through profit or loss				$ 196,036,584
Proceeds from issue of shares						$ 2,767,254,756
Class A ordinary shares [Member]
Notes To The Consolidated Statement Of Cash Flows [Line Items]
Exercise of warrants		$ 10
Number of ordinary shares issued during the period | shares	8,236,838	1,666,666				7,307,692
Proceeds from issue of shares	$ 53.5
Class B Ordinary Shares [Member]
Notes To The Consolidated Statement Of Cash Flows [Line Items]
Number of ordinary shares issued during the period | shares						4,526,627
Repurchase of ordinary shares | shares			69,144,673	69,144,673
Proceeds from issue of shares			$ 5,000,000,000	$ 5,000,000,000
Fellow Subsidiaries [Member]
Notes To The Consolidated Statement Of Cash Flows [Line Items]
Gain recognized on investment of equity linked notes				$ 5,998,446

Related Party Transactions - Su

Related Party Transactions - Summary of Detailed Information About Additional Information of Transactions With Related Parties (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions	$ 105,448,459	$ 128,419,020	$ 46,046,698
Interest income from immediate holding company	116,028,045	101,159,079	17,562,104
Consideration received for disposal of investments to a related party controlled by a director of the Company		972,215,580
Consideration received for settlement of derivatives contracts with a related party controlled by a director of the Company		618,682,641
Immediate holding company [Member]
Disclosure of transactions between related parties [line items]
Staff costs	22,081,545	20,156,843	17,936,752
Premises cost	13,964,993	14,010,263	5,300,986
Office renovation			869,214
Other operating (income)/expenses, net			9,798,649
Total of recharge from immediate holding company	36,046,538	34,167,106	33,905,601
Treasury shares repurchased from immediate holding company	5,000,000,000
Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions	104,300,690
Related Party [Member]
Disclosure of transactions between related parties [line items]
Net changes in fair value on derivative financial asset entered into with a related party controlled by a director of the Company		321,797,949	1,165,220,000
Underwriting Services [Member] | Immediate holding company [Member]
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions			26,420,072
Financial Advisory Service [Member] | Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions		30,231,825	15,691,000
Financial Advisory Service [Member] | Related Company [Member]
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions		95,513,306
Management Fee Income [Member] | Immediate holding company [Member]
Disclosure of transactions between related parties [line items]
Management fee paid to immediate holding company	150,000	150,000	150,000
Investment Advisory Fee [Member] | Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Services received, related party transactions	180,000	180,000	180,000
Insurance Commission [Member] | Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Services received, related party transactions	58,228	105,251	84,133
Asset Management Services [Member] | Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions	1,147,769	1,362	457,431
Asset Management Services [Member] | Entities with joint control or significant influence over entity [Member]
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions		2,672,527	478,611
Acquisition of Investment [Member] | Immediate holding company [Member]
Disclosure of transactions between related parties [line items]
Acquisition of investments from immediate holding company	163,180,000	556,161,528
Acquisition of Investment [Member] | Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Acquisition of investments from a fellow subsidiary	11,545,800	148,671,602
Administrative Service Fees [Member] | Immediate holding company [Member]
Disclosure of transactions between related parties [line items]
Administrative service fee paid to immediate holding company	24,000,000	24,000,000	12,000,000
Investment banking service [Member] | Entities with joint control or significant influence over entity [Member]
Disclosure of transactions between related parties [line items]
Revenue from rendering of services, related party transactions			2,999,584
Interest income [Member] | Immediate holding company [Member]
Disclosure of transactions between related parties [line items]
Interest income from immediate holding company	116,028,045	$ 101,159,079	$ 17,562,104
Disposal of Investments [Member] | Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Disposal of an investment to a related company	196,036,584
Stock Loan Interest Income [Member] | Former Fellow Subsidiary [Member]
Disclosure of transactions between related parties [line items]
Stock loan interest income from a related company	34,740
Perpetual Securities Redeemed [Member] | Fellow Subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Perpetual securities redeemed from a fellow subsidiary	4,648,331
Perpetual Securities Redeemed [Member] | Former Fellow Subsidiary [Member]
Disclosure of transactions between related parties [line items]
Perpetual securities redeemed from a related company	$ 35,719,218

Related Party Transactions - _2

Related Party Transactions - Summary of Detailed Information About Additional Information of Transactions With Related Parties (Parenthetical) (Detail) - HKD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Unrealized gain (loss) on investments	$ 545.2	$ 336.4
AMTD Digital [Member]
Disclosure of transactions between related parties [line items]
Percentage of ownership interest in subsidiary		14.40%
AMTD Assets Alpha Group [Member]
Disclosure of transactions between related parties [line items]
Percentage of ownership interest in subsidiary	19.90%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of unconsolidated structured entities [line items]
Provision for credit loss from related parties	$ 0	$ 0	$ 0
Gain related to disposed investment	125,112,176	82,948,508	$ 8,235,180
Equity investments [member]
Disclosure of unconsolidated structured entities [line items]
Gain related to disposed investment	5,998,446
Fellow Subsidiaries [member]
Disclosure of unconsolidated structured entities [line items]
Realized fair value gain recognized on acquisition of equity linked notes		82,948,508
Realized fair value gain recognized on Acquisition Of Unlisted equity investment	119,113,730
Unrealized fair value gain recognized on acquisition of equity linked notes		26,688,861
Unrealized fair value gain recognized on Acquisition Of Unlisted equity investment	0
Immediate holding company [Member]
Disclosure of unconsolidated structured entities [line items]
Advances to related parties	$ 2,144,975,230	$ 6,477,266,499
Interest rate on receivables		2.00%
Interest on advances			2.00%
Immediate holding company [Member] | Administrative Service Fees [Member] | Quarterly [Member]
Disclosure of unconsolidated structured entities [line items]
Service received related party transactions			$ 6,000,000

Related Party Transactions - _3

Related Party Transactions - Summary of Detailed Information About Compensation Of Key Management Personnel (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Detailed Information About Compensation Of Key Management Personnel [Line Items]
Short-term employee benefits	$ 22,426,846	$ 32,692,568	$ 43,062,534
Other long-term benefit	55,200	54,745	92,700
Total benefits	$ 22,482,046	$ 32,747,313	$ 43,155,234

Financial Instruments By Cate_3

Financial Instruments By Category - Summary of Financial Assets (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of financial assets [line items]
Accounts receivable	$ 86,514,680	$ 77,350,250
Financial assets included in prepayments, deposits and other receivables	1,196,110	1,650,827
Due from immediate holding company	2,144,975,230	6,477,266,499
Financial assets at fair value through profit or loss	2,574,695,685	1,377,856,715
Stock loan	211,331,400	878,483,400
Derivative financial Asset	969,894,519	1,023,902,566
Other assets	136,065,738	197,309,175
Cash and bank balances	526,206,108	453,966,764	$ 766,430,471	$ 126,855,518
Financial assets	3,755,921,604	3,280,242,681
Financial Assets By Category [member]
Disclosure of financial assets [line items]
Financial assets	6,650,879,470	10,487,786,196
Financial assets at fair value through profit or loss mandatorily measured at fair value category [member]
Disclosure of financial assets [line items]
Financial assets at fair value through profit or loss	2,574,695,685	1,377,856,715
Stock loan	211,331,400	878,483,400
Derivative financial Asset	969,894,519	1,023,902,566
Financial assets	3,755,921,604	3,280,242,681
Financial assets at amortized cost, category [member]
Disclosure of financial assets [line items]
Accounts receivable	86,514,680	77,350,250
Financial assets included in prepayments, deposits and other receivables	1,196,110	1,650,827
Due from immediate holding company	2,144,975,230	6,477,266,499
Other assets	136,065,738	197,309,175
Cash and bank balances	526,206,108	453,966,764
Financial assets	$ 2,894,957,866	$ 7,207,543,515

Financial Instruments By Cate_4

Financial Instruments By Category - Summary of Financial Liabilities (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial liabilities [line items]
Accounts payable	$ 155,020,918	$ 201,986,202
Financial liabilities included in other payables and accruals	72,107,680	54,162,984
Bank borrowings	388,870,500	232,280,000
Derivative financial liability	13,752,673	12,954,313
Convertible bond	111,970,384	103,278,429
Financial liabilities	741,722,155	604,661,928
Financial liabilities at amortized cost [Member]
Disclosure of financial liabilities [line items]
Accounts payable	155,020,918	201,986,202
Financial liabilities included in other payables and accruals	72,107,680	54,162,984
Bank borrowings	388,870,500	232,280,000
Convertible bond	111,970,384	103,278,429
Financial liabilities	727,969,482	591,707,615
Financial liabilities at fair value through profit or loss, category [member]
Disclosure of financial liabilities [line items]
Derivative financial liability	13,752,673	12,954,313
Financial liabilities	$ 13,752,673	$ 12,954,313

Fair value and fair value hie_3

Fair value and fair value hierarchy of financial instruments - Schedule of carrying amount and fair value of the financial instruments (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Categories of financial assets [abstract]
Financial assets at fair value through profit or loss	$ 2,574,695,685	$ 1,377,856,715
Derivative financial Asset	969,894,519	1,023,902,566
Stock loan	211,331,400	878,483,400
Financial assets	2,786,027,085	2,256,340,115
Carrying amounts [member]
Categories of financial assets [abstract]
Financial assets	3,755,921,604	3,280,242,681
Categories of financial liabilities [abstract]
Derivative financial liability	13,752,673	12,954,313
Carrying amounts [member] | Financial assets at fair value through profit or loss, category [member]
Categories of financial assets [abstract]
Financial assets at fair value through profit or loss	2,574,695,685	1,377,856,715
Carrying amounts [member] | Stock loan [member]
Categories of financial assets [abstract]
Stock loan	211,331,400	878,483,400
Carrying amounts [member] | Derivative financial Asset [member]
Categories of financial assets [abstract]
Derivative financial Asset	969,894,519	1,023,902,566
Fair values [member]
Categories of financial assets [abstract]
Financial assets	3,754,413,835	3,292,509,134
Categories of financial liabilities [abstract]
Derivative financial liability	13,752,673	12,954,313
Fair values [member] | Financial assets at fair value through profit or loss, category [member]
Categories of financial assets [abstract]
Financial assets at fair value through profit or loss	2,574,695,685	1,377,856,715
Fair values [member] | Stock loan [member]
Categories of financial assets [abstract]
Stock loan	211,331,400	878,483,400
Fair values [member] | Derivative financial Asset [member]
Categories of financial assets [abstract]
Derivative financial Asset	$ 968,386,750	$ 1,036,169,019

Fair value and fair value hie_4

Fair value and fair value hierarchy of financial instruments - Summary of Significant Unobservable Inputs to Valuation of Financial Instruments (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Unlisted Equity Investment Investment C
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Valuation Technique	Multiple/EVA	Multiple/ EVA
Significant Unobservable input	Equity volatility	Equity volatility
Range	48.52%	39.64%
Sensitivity of Value to the input	5% increase/decrease in volatility results in decrease/increase in fair value by 1.3%/1.3%	5% increase/decrease in volatility results in decrease/increase in fair value by 0.9%/0.9%
Unlisted Equity Investment Investment B
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Valuation Technique	Multiple/EVA	Multiple/ EVA
Significant Unobservable input	Equity volatility	Equity volatility
Range	75.29%	63.61%
Sensitivity of Value to the input	5% increase/decrease in volatility results in decrease/increase in fair value by 0%/ 0%	5% increase/decrease in volatility results in decrease/increase in fair value by 3.5%/3.3%
Unlisted Equity Investment Investment G
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Valuation Technique	Net Asset Value Method
Significant Unobservable input	Net Asset Value
Sensitivity of Value to the input	5% increase/decrease in net asset value results in increase/decrease in fair value by 5.0%/5.0%
Derivative Financial Liability [member]
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Valuation Technique	Binomial option pricing model	Binomial option pricing model
Significant Unobservable input	Volatility	Volatility
Range	46.21%	56.58%
Sensitivity of Value to the input	5% increase/decrease in volatility results in increase/decrease in fair value by 0.07%/0.13%	5% increase/decrease in volatility results in increase/decrease in fair value by 1.63%/1.66%
Derivative financial Asset [member]
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Valuation Technique	MCS	MCS
Significant Unobservable input	Volatility of Underlying Assets	Volatility of Underlying Assets
Range	35.95%	46.03%
Sensitivity of Value to the input	5% increase/decrease in volatility results in increase/decrease in fair value by 0.06%	5% increase/decrease in volatility results in increase/decrease in fair value by 0.23%/0.11%
Credit Rate Increase BB To BBB | Derivative financial Asset [member]
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Significant Unobservable input		Credit rating
Sensitivity of Value to the input		One rank level increase in credit rating of counterparty from BB to BBB results in increase in fair value by 0.02%
Credit Rate Decrease BB to B | Derivative financial Asset [member]
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Sensitivity of Value to the input		One rank level decrease in credit rating of counterparty from BB to B results in decrease in fair value by 0.16%
Average PE multiple of peers [Member] | Unlisted Equity Investment Investment C
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Significant Unobservable input		Average P/E multiple of peers
Range		10.40%
Sensitivity of Value to the input		5% increase/decrease in P/E multipleresults in increase/decrease in fair valueby 4.7%/4.7%
Average PE multiple of peers [Member] | Unlisted Equity Investment Investment E
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Valuation Technique	Multiple/EVA
Significant Unobservable input	Average P/E multiple of peers
Range	61.29%
Sensitivity of Value to the input	5% increase/decrease in P/E multiple results in increase/decrease in fair value by 5.0%/5.0%
Discount Rate [Member] | Derivative Financial Liability [member]
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Significant Unobservable input	Discount rate	Discount rate
Range	12.52%	9.77%
Sensitivity of Value to the input	5% increase/decrease in discount rate results in decrease/increase in fair value by 0.70%/0.71%	5% increase/decrease in credit spread results in increase/decrease in fair value by 8.22%/9.41%
Median Forward PE Multiple Of Peers [Member] | Unlisted Equity Investment Investment C
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Significant Unobservable input	Median Forward P/E multiple of peers
Range	18.97%
Sensitivity of Value to the input	5% increase/decrease in P/E multiple results in increase/decrease in fair value by 4.2%/4.3%
Median Forward PE Multiple Of Peers [Member] | Unlisted Equity Investment Investment B
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Significant Unobservable input	Median Forward P/E multiple of peers
Range	2.10%
Sensitivity of Value to the input	5% increase/decrease in P/E multiple results in increase/decrease in fair value by 0%/ 1.9%
Discount of lack of marketability [Member] | Unlisted Equity Investment Investment E
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Significant Unobservable input	Discount of lack of marketability
Range	45.00%
Sensitivity of Value to the input	5% increase/decrease in discount of lack of marketability results in decrease/increase in fair value by 4.1%/4.1%

Fair value and fair value hie_5

Fair value and fair value hierarchy of financial instruments - Disclosure of Fair Value Measurement of Assets Explanatory (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	$ 2,574,695,685	$ 1,377,856,715
Stock loan	211,331,400	878,483,400
Financial assets	2,786,027,085	2,256,340,115
Derivative financial Asset	969,894,519	1,023,902,566
Financial assets	3,755,921,604	3,280,242,681
Quoted prices in active markets (Level 1)
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	844,075,860	185,435,750
Stock loan	211,331,400	878,483,400
Financial assets	1,055,407,260	1,063,919,150
Derivative financial Asset	0	0
Financial assets	1,055,407,260	1,063,919,150
Recent transaction price (Level 2)
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	21,525,064	892,565,280
Stock loan	0	0
Financial assets	21,525,064	892,565,280
Derivative financial Asset	0	0
Financial assets	21,525,064	892,565,280
Significant unobservable inputs (Level 3)
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through profit or loss	1,709,094,761	299,855,685
Stock loan	0	0
Financial assets	1,709,094,761	299,855,685
Derivative financial Asset	969,894,519	1,023,902,566	$ 1,165,220,000
Financial assets	$ 2,678,989,280	$ 1,323,758,251

Fair Value and Fair Value Hie_6

Fair Value and Fair Value Hierarchy of Financial Instruments - Disclosure of Fair Value Measurement of Liabilities Explanatory (Detail) - Liability measured at fair value [Member] - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of fair value measurement of liabilities [line items]
Derivative financial instrument	$ 13,752,673	$ 12,954,313
Level 1 [member]
Disclosure of fair value measurement of liabilities [line items]
Derivative financial instrument	0	0
Level 2 [member]
Disclosure of fair value measurement of liabilities [line items]
Derivative financial instrument	0	0
Level 3 [member]
Disclosure of fair value measurement of liabilities [line items]
Derivative financial instrument	$ 13,752,673	$ 12,954,313

Fair value and fair value hie_7

Fair value and fair value hierarchy of financial instruments - Schedule of detailed information about in fair value measurement Level 3 (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Unlisted debt securities and unlisted equity shares at fair value through profit or loss:
Balance	$ 2,256,340,115
Net fair value changes recognized in profit or loss	597,551,244	$ (31,054,945)	$ (641,603,993)
Balance	2,786,027,085	2,256,340,115
Derivative financial asset (Note 14):
Balance	1,023,902,566
Balance	969,894,519	1,023,902,566
Derivative financial liability (Note 23):
Net fair value changes recognized in profit or loss		(7,765,148)
Financial liabilities at fair value through profit or loss—Held for trading [Member]
Derivative financial liability (Note 23):
Beginning balance	12,954,313	20,813,810
Net fair value changes recognized in profit or loss	798,360	(7,765,148)
Exchange alignment	0	(94,349)
Ending balance	13,752,673	12,954,313	20,813,810
Level 3 [member]
Unlisted debt securities and unlisted equity shares at fair value through profit or loss:
Balance	299,855,685	322,697,916	281,241,909
Addition	163,180,000	0	0
Transfer	1,120,244,487	0	0
Disposal	(196,036,584)	0	0
Net fair value changes recognized in profit or loss	321,851,173	(22,842,231)	41,456,007
Balance	1,709,094,761	299,855,685	322,697,916
Warrants at fair value through profit or loss:
Balance		0	0
Issued			15,699,600
Exercised			(15,699,600)
Balance			0
Derivative financial asset (Note 14):
Balance	1,023,902,566	1,165,220,000
Recognition of day 1 profit or loss deferred on inception of contract, renegotiation and extension	14,591,113	(41,782,951)
Net fair value gains recognized in profit or loss	(68,599,160)	413,088,277
Gain related to disposed investment	0	106,059,881
Partial settlement	0	(618,682,641)
Balance	$ 969,894,519	$ 1,023,902,566	$ 1,165,220,000

Fair value and fair value hie_8

Fair value and fair value hierarchy of financial instruments - Additional information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Transfer between levels during period		$ 0	$ 0
Financial assets at fair value through profit or loss, category [member] | Level 3 of fair value hierarchy [member]
Disclosure of detailed information about financial instruments [line items]
Unrealized gain (loss)	$ 315,852,726	$ 22,842,231	$ 41,456,007

Financial risk management obj_3

Financial risk management objectives and policies - Disclosure of financial assets that are either past due or impaired (Details) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial assets that are either past due or impaired [line items]
Accounts receivable	$ 86,514,680	$ 77,350,250
Financial assets included in prepayments, deposits and other receivables	21,916,382	24,872,391
Financial assets at amortised cost	2,894,957,866	7,207,543,515
Normal [member]
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets included in prepayments, deposits and other receivables	1,196,110	1,650,827
Due from immediate holding company	2,144,975,230	6,477,266,499
Not yet past due [member]
Disclosure of financial assets that are either past due or impaired [line items]
Bank balances-segregated accounts	136,065,738	197,309,175
Cash and bank balances	526,206,108	453,966,764
12-month expected credit losses [member] | Stage 1 [member]
Disclosure of financial assets that are either past due or impaired [line items]
Accounts receivable	21,545,865	21,165,253
Financial assets at amortised cost	2,829,989,051	7,151,358,518
12-month expected credit losses [member] | Stage 1 [member] | Normal [member]
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets included in prepayments, deposits and other receivables	1,196,110	1,650,827
Due from immediate holding company	2,144,975,230	6,477,266,499
12-month expected credit losses [member] | Stage 1 [member] | Not yet past due [member]
Disclosure of financial assets that are either past due or impaired [line items]
Bank balances-segregated accounts	136,065,738	197,309,175
Cash and bank balances	526,206,108	453,966,764
Lifetime expected credit losses [member]
Disclosure of financial assets that are either past due or impaired [line items]
Accounts receivable	86,514,680	77,350,250
Lifetime expected credit losses [member] | Simplified approach [member]
Disclosure of financial assets that are either past due or impaired [line items]
Accounts receivable	64,968,815	56,184,997
Financial assets at amortised cost	$ 64,968,815	$ 56,184,997

Financial risk management obj_4

Financial risk management objectives and policies - Disclosure of maturity analysis for non-derivative financial liabilities (Detail) - HKD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable	$ 155,020,918	$ 201,986,202
Bank borrowings	393,558,087	233,493,790
Financial liabilities included in other payables and accruals	72,029,390	54,136,011
Convertible bonds	125,319,026	124,606,940
Non-derivative financial liabilities, undiscounted cash flows	$ 745,927,421	$ 614,222,943
Weighted average interest rate	2.10%	2.10%
Convertible Bond [Member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Weighted average interest rate	7.80%	7.80%
Bank borrowings [Member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Weighted average interest rate	2.10%	2.10%
On demand or less than 3 months [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable	$ 155,020,918	$ 201,986,202
Bank borrowings	390,926,836	233,493,790
Financial liabilities included in other payables and accruals	72,029,390	54,136,011
Non-derivative financial liabilities, undiscounted cash flows	617,977,144	489,616,003
3 months to 1 year [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings	2,631,251
Non-derivative financial liabilities, undiscounted cash flows	2,631,251
1 to 5 years [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Convertible bonds	125,319,026	124,606,940
Non-derivative financial liabilities, undiscounted cash flows	$ 125,319,026	$ 124,606,940

Financial risk management obj_5

Financial risk management objectives and policies - Additional Information (Detail) - HKD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of financial assets that are either past due or impaired [line items]
Profit Loss Before Tax	$ 1,331,176,555	$ 1,001,420,217	$ 989,253,972
Net Asset Value	500,000
Derivative financial instrument charged to profit or loss	54,008,047	371,305,326
Ariana Capital Investment Limited [member] | Derivative Financial Assets [member]
Disclosure of financial assets that are either past due or impaired [line items]
Credit risk exposure of derivative financial instruments	$ 969,894,519	$ 1,023,902,566
Investment [member] | Unlisted Equity Shares And Unlisted Debt Securities [Member]
Disclosure of financial assets that are either past due or impaired [line items]
Concentration risk percentage	43.00%	65.00%
Stock Loan [member] | Bank of Qingdao Co Ltd [member]
Disclosure of financial assets that are either past due or impaired [line items]
Stock Loan Percent	100.00%	100.00%
Price Risk [member]
Disclosure of financial assets that are either past due or impaired [line items]
Percentage Of Increase Decrease In Market Value Of Financial Assets At FVTPL	5.00%	5.00%
Profit Loss Before Tax	$ 52,770,000	$ 50,070,000
Price Risk [member] | Unlisted Equity Shares And Unlisted Debt Securities [Member]
Disclosure of financial assets that are either past due or impaired [line items]
Percentage Of Increase Decrease In Market Value Of Financial Assets At FVTPL	5.00%	5.00%
Profit Loss Before Tax	$ 86,531,000	$ 62,747,000
Credit risk [member]
Disclosure of financial assets that are either past due or impaired [line items]
Fair value of securities pledged	$ 3,089,570,978	$ 2,860,797,360

Stock Incentive Plan - Addition

Stock Incentive Plan - Additional Information (Detail) - Two Thousand Nineteen Plan [member]	Dec. 31, 2021shares
Stock Incentive Plan [Line Items]
Maximum number of ordinary shares that may be issued	20,000,000
Percent of automatic increase of shares on total issued and outstanding share capital	10.00%
Percent of additional automatic increase of shares on total issued and outstanding share capital	1.00%

Subsequent event - Additional I

Subsequent event - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Feb. 28, 2022	Jan. 31, 2022
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from issue of private placement	$ 50
Subsequent event [Member]
Disclosure of non-adjusting events after reporting period [line items]
Consideration paid		$ 992.8
Share per price		$ 8.38
Subsequent event [Member] | AMTD Digital [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of acquisition of ordinary shares		82.70%
Percentage of owned issued and outstanding shares		14.40%
Subsequent event [Member] | LOfficiel [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of acquisition of Issued shares			100.00%
Class A Ordinary Shares [Member] | Subsequent event [Member]
Disclosure of non-adjusting events after reporting period [line items]
Purchase of ordinary shares		31,732,000
Newly issued ordinary shares		67,200,330
Class A and Class B Ordinary Shares [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued	11,682,242
Class B Ordinary Shares [Member] | Subsequent event [Member]
Disclosure of non-adjusting events after reporting period [line items]
Purchase of ordinary shares		24,202,000
Newly issued ordinary shares		51,253,702

Approval of Consolidated Fina_2

Approval of Consolidated Financial Statements - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021
Disclosure of non-adjusting events after reporting period [abstract]
Date of approval of financial statements	Apr. 18, 2022