HELD-TO-MATURITY SECURITIES

12 Months Ended

Dec. 31, 2015

HELD-TO-MATURITY SECURITIES [Abstract]

HELD-TO-MATURITY SECURITIES

4. HELD-TO-MATURITY SECURITIES

The balance represents the Company's investments in debt securities issued by the PRC banks with original maturities longer than 3 months but less than one year and the Company has positive intent and ability to hold to maturity.