- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References + Details

WARRANTS LIABILITY (Details 1)	Jun. 30, 2015 USD ($)	Jun. 30, 2015 CNY (¥)	Jun. 30, 2014 USD ($)	Jun. 30, 2014 CNY (¥)
Warrants Liability [Line Items]
Warrants liability	$ 0	¥ 0	$ 824,731	¥ 5,021,621
Fair Value, Inputs, Level 1 [Member]
Warrants Liability [Line Items]
Warrants liability				0
Fair Value, Inputs, Level 2 [Member]
Warrants Liability [Line Items]
Warrants liability				5,021,621
Fair Value, Inputs, Level 3 [Member]
Warrants Liability [Line Items]
Warrants liability				¥ 0