RELATED PARTY BALANCES AND TRANSACTIONS
|6 Months Ended|
Jun. 30, 2017
|Related Party Transactions [Abstract]|
|Related Party Transactions Disclosure [Text Block]||
9. RELATED PARTY BALANCES AND TRANSACTIONS
The following is a list of related parties to which the Company has transactions with:
(a) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.
Amount due to related party
Amount due to related party consisted of the following as of the periods indicated:
Related party transactions
There were no significant transactions with related parties during six months ended June 30, 2017 and 2016.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef