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Loan Receivables
12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
LOAN RECEIVABLES

3. LOAN RECEIVABLES


As of December 31, 2020, the balance of loan receivables was $5.36 million, which was from Shenzhen Tiantian Haodian Technology Co., Ltd. (“Tiantian Haodian”). On June 28, 2020, Guangchengji, a wholly owned subsidiary of Future FinTech (Hong Kong) Limited, entered into a “Loan Agreement” with Tiantian Haodian. Pursuant to the Loan Agreement, Guangchengji has lent cash up to but not greater than RMB35 million (approximately $5.36 million) with Tiantian Haodian at the annual interest rate of 10% from June 28, 2020 to June 27, 2021.