The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CHINA MOBILE GAMES AND ENTMT G SPONSORED ADR 16952T100 26,845 1,269,852 SH   DFND 1 1,269,852 0 0
CHANGYOU COM LTD ADS REP CL A 15911M107 11,656 390,737 SH   DFND 1 390,737 0 0
HOMEINNS HOTEL GROUP SPONSORED ADR 43742E102 23,462 758,800 SH   DFND 1 758,800 0 0
NETEASE INC SPONSORED ADR 64110W102 71,955 496,706 SH   DFND 1 496,706 0 0
CNINSURE INC SPONSORED ADR 18976M103 1,111 125,800 SH   DFND 1 125,800 0 0
SINA CORP ORD G81477104 1,307 24,395 SH   DFND 1 24,395 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 1,634 22,500 SH   DFND 1 22,500 0 0
BAIDU INC SPON ADR REP A 056752108 4,469 22,451 SH   DFND 1 22,451 0 0
PANERA BREAD CO CL A 69840W108 681 3,900 SH   DFND 1 3,900 0 0
BOFI HLDG INC COM 05566U108 740 7,000 SH   DFND 1 7,000 0 0
ZHAOPIN LTD SPONSORED ADR 98954L103 5,907 384,055 SH   DFND 1 384,055 0 0
PHOENIX NEW MEDIA LTD SPONSORED ADS 71910C103 11,223 1,417,000 SH   DFND 1 1,417,000 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 24,303 3,616,543 SH   DFND 1 3,616,543 0 0
WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 9,054 214,255 SH   DFND 1 214,255 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,810 60,600 SH   DFND 1 60,600 0 0
POTASH CORP SASK INC COM 73755L107 489 15,800 SH   DFND 1 15,800 0 0