RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2016

Schedule Of Debt Interest Expenses [Table Text Block]

Interest expenses from related parties consisted of the following for the periods indicated:

	Three months end  September 30, 2016		Three months ended  September 30, 2015		Nine months end September 30, 2016		Nine months ended September 30, 2015
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Jianpian Mao (b)	$	19,941	$	-	$	19,941	$	-
Total		19,941		-		19,941		-

(b) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.

Unsecured Debt [Member]

Schedule of Related Party Transactions [Table Text Block]

Unsecured borrowings from related parties consisted of the following for the periods indicated:

	Three months end  September 30, 2016		Three months ended  September 30, 2015		Nine months end  September 30, 2016		Nine months ended  September 30, 2015
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Jianpian Mao (b)	$	2,320,934	$	-	$	2,320,934	$	-
Total		2,320,934		-		2,320,934		-

(b) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.

Jianping Mao [Member]

Schedule of Related Party Transactions [Table Text Block]

Amount due to related party consisted of the following as of the periods indicated:

	September 30, 2016		December 31, 2015
	(Unaudited)
Jianpian Mao (b)	$	2,340,895	$	-
Total		2,340,895		-

(b) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.

Director [Member]

Schedule of Related Party Transactions [Table Text Block]

Amount due from director consisted of the following for the periods indicated:

	September 30, 2016		December 31, 2015
	(Unaudited)
Di Xiao (a)	$	-	$	520
Total		-		520

(a) Di Xiao, the director of the Company;