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Summary of significant accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2017
Summary Of Significant Accounting Policies Tables |
Details of subsidiaries |
Name of company |  | Place of incorporation |  | Particular of issued and fully paid up capital |  | Group’s effective interest |  |  | Held by the Company |  |  | Held by a subsidiary |  |  | Principal activities |
True Silver Limited |  | British Virgin Islands |  | US$50,000 |  |  | 100 | % |  |  | 100 | % |  |  | - |  |  | Investment holding |
Chutian Financial Holdings (Hong Kong) Limited |  | Hong Kong |  | HK$10,000 |  |  | 100 | % |  |  | - |  |  |  | 100 | % |  | Investment holding |
Wuhan Chutian Investment Holdings Co. Ltd |  | PRC |  | RMB3,000,000 |  |  | 100 | % |  |  | - |  |  |  | 100 | % |  | Investment holding |
Hubei Chutian Microfinance Co., Ltd |  | PRC |  | RMB450,000,000 |  |  | 80 | % |  |  | - |  |  |  | 80 | % |  | Microfinance lenders |
Disclosure of estimated useful lives of property and equipment |
|  | Estimated useful life
Leasehold improvement |  | 5 years
Vehicles |  | 5 years
Office equipment and furniture |  | 3 years

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