- Definition

Any certificate of deposit or savings account held by a bank or other financial institution for a short-term specified period of time. Because of their short-term, time deposits are considered highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months.

+ References+ Details

Time Deposits - Additional Information (Detail)					12 Months Ended
Time Deposits - Additional Information (Detail)	Mar. 31, 2014 USD ($)	Mar. 31, 2014 CNY	Mar. 31, 2013 USD ($)	Mar. 31, 2013 CNY	Mar. 31, 2014 Minimum [Member]
Cash and Cash Equivalents [Line Items]
Time deposit	$ 11,339,515	70,472,817
Time deposits, original maturity of more than three months when acquired					3 months
Time deposits, interest rate	3.35%	3.35%