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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
PERFECT WORD CO LTDSPON ADR REP B71372U10465,9103,547,365SH SOLE 3,547,36500
PERFECT WORD CO LTDSPON ADR REP B71372U10442,0542,263,382SH DFND102,263,3820
PERFECT WORD CO LTDSPON ADR REP B71372U10445,1322,429,051SH DFND202,429,0510
BONA FILM GROUP LTDSPONSORED ADS09777B10729,7604,000,000SH DFND 04,000,0000
BONA FILM GROUP LTDSPONSORED ADS09777B1074,934663,201SH DFND10663,2010
BONA FILM GROUP LTDSPONSORED ADS09777B10762,2808,370,968SH DFND208,370,9680
OXFORD IMMUNOTEC GLOBAL PLCORD SHSG6855A1036,583467,551SH DFND 0467,5510
LIGHTINTHEBOX HLDG CO LTDSPONSORED ADR53225G1025,5991,110,931SH DFND101,110,9310
21VIANET GROUP INCSPONSORED ADR90138A10317,320980,772SH DFND10980,7720
21VIANET GROUP INCSPONSORED ADR90138A10399356,249SH DFND2056,2490
CHINA MING YANG WIND PWR GROSPONSORED ADR16951C1083,0641,326,203SH DFND101,326,2030
NUANCE COMMUNICATIONS INCCOM67020Y1008,681604,981SH DFND10604,9810
YOUKU TUDOU INCSPONSORED ADR98742U1007,555604,408SH DFND10604,4080
YOUKU TUDOU INCSPONSORED ADR98742U10055,1954,415,634SH DFND204,415,6340
SOUFUN HLDGS LTDADR83603410850,2238,370,470SH DFND208,370,4700
SOUFUN HLDGS LTDNOTE836034AB446,54052,000,000SH DFND2052,000,0000
SINA CORPORDG814771048,179254,323SH DFND10254,3230
SINA CORPORDG8147710451,4131,598,654SH DFND201,598,6540
SINA CORPNOTE82922RAD5108,799120,000,000SH DFND20120,000,0000
MINDRAY MEDICAL INTL LTDSPON ADR6026751001,41251,614SH DFND2051,6140
CHINA YUCHAI INTL LTDCOMG2108210519,616993,711SH DFND20993,7110
QIHOO 360 TECHNOLOGY CO LTDADS74734M10929,367573,577SH DFND20573,5770
SUNCOKE ENERGY PARTNERS L PCOMUNIT REP LT86722Y1013,996187,691SH DFND20187,6910
NATURES SUNSHINE PRODUCTS INCOM63902710137,4522,854,607SH DFND 02,854,6070
ALIBABA GROUP HLDG LTDSPONSORED ADS01609W102139,7371,678,725SH DFND 01,678,7250
SOHU COM INCCOM83408W10320,011375,224SH DFND20375,2240
TRANSGLOBE ENERGY CORPCOM8936621068,1352,291,971SH DFND202,291,9710
CHECK CAP LTDSHSM2361E1123,667666,667SH DFND 0666,6670
CHECK CAP LTD*W EXP 02/28/202M2361E120333333,333SH DFND 0333,3330
YANDEX NVNOTE98474TAB316,50020,000,000SH DFND2020,000,0000