UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                  FORM 13F

                            FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2008

Check here if Amendment [  ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:           Asian Century Quest Capital LLC
Address:        152 West 57th Street, 6th Floor
                New York, NY 10019

13 File Number: 028-13311

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.


Person Signing this Report on Behalf of Reporting Manager:

Name:      Steve Zang
Title:     CFO
Phone:     212-328-9303
Signature, Place and Date of Signing:

/s/ Steve Zang          New York, NY            February 13, 2009
______________          ______________          _________________
 [Signature]            [City, State]                [Date]


Report Type (Check only one.):
[X]     13F HOLDINGS REPORT.(Check here if all holdings of this reporting
        manager are reported in this report).

[ ]     13F NOTICE. (Check here if no holdings reported are in this report,
        and all holdings are reported by other reporting managers(s).)

[ ]     13F COMBINATION REPORT.(Check here if a portion of the holdings for
        this reporting manager are reported in this report and a portion are
        reported by other reporting manager(s).)

List of Other Managers Reporting for this Manager: None.



                           FORM 13F SUMMARY PAGE


Report Summary:


Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    7


Form 13F Information Table Value Total:    126,303 (thousands)

List of Other Included Managers:           None


                                                                                                        
                                                                FORM 13F INFORMATION TABLE
                                                              VALUE   SHARES/ SH/ PUT/ INVSTMT   OTHER        VOTING AUTHORITY
           NAME OF ISSUER        TITLE OF CLASS     CUSIP   x($1000) PRN AMT  PRN CALL DISCRETN MANAGERS   SOLE    SHARED    NONE
  ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
  COMCAST CORP CL A COM STK      CL A             20030N101    15192   900000 SH       SOLE                 900000        0        0
  EQUINIX INC                    COM NEW          29444U502    11968   225000 SH       SOLE                 225000        0        0
  CTRIP COM INTL LTD             ADR              22943F100    17850   750000 SH       SOLE                 750000        0        0
  MINDRAY MED INTL LTD  ADR      SPON ADR         602675100    21600  1200000 SH       SOLE                1200000        0        0
  NET SERVICOS DE COMUNICACAO    SPONSD ADR NEW   64109T201     8657  1487435 SH       SOLE                1487435        0        0
  NEW ORIENTAL ED & TECH GRP I   SPON ADR         647581107    34319   625000 SH       SOLE                 625000        0        0
  VIRGIN MEDIA INC               COM              92769L101    16717  3350000 SH       SOLE                3350000        0        0