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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weifu High-Technology Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WEIFU HIGH-TECHNOLOGY GRP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000002G5"/>
        </identifiers>
        <balance>96974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>283742.68000000</valUSD>
        <pctVal>0.053652637822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Airport Co., Ltd.</name>
        <lei>3003009W045RIKRBZI44</lei>
        <title>SHENZHEN AIRPORT CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000VK1"/>
        </identifiers>
        <balance>237626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>257538.14000000</valUSD>
        <pctVal>0.048697645876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dawning Information Industry Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DAWNING INFORMATION INDUST-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TW7"/>
        </identifiers>
        <balance>146011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>793296.65000000</valUSD>
        <pctVal>0.150003721146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nanjing Securities Co., Ltd.</name>
        <lei>300300E1008732000033</lei>
        <title>NANJING SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031R9"/>
        </identifiers>
        <balance>382240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>771754.07000000</valUSD>
        <pctVal>0.145930254854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOTRANS LIMITED</name>
        <lei>5299005U1RZLKVFWR249</lei>
        <title>SINOTRANS LIMITED-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003GS8"/>
        </identifiers>
        <balance>507522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>231940.30000000</valUSD>
        <pctVal>0.043857374266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yonghui Superstores Co., Ltd.</name>
        <lei>300300KBS8U07A3B5A45</lei>
        <title>YONGHUI SUPERSTORES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000XX9"/>
        </identifiers>
        <balance>1108951.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1471749.90000000</valUSD>
        <pctVal>0.278291811261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Yanghe Brewery Joint-stock Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JIANGSU YANGHE BREWERY -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HB8"/>
        </identifiers>
        <balance>175509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2610875.63000000</valUSD>
        <pctVal>0.493688029502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENGLI PETROCHEMICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>HENGLI PETROCHEMICAL CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018V0"/>
        </identifiers>
        <balance>679702.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1346373.03000000</valUSD>
        <pctVal>0.254584416246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinopec Shanghai Petrochemical Company Limited</name>
        <lei>5299008RZ0G8ACZ8ZU65</lei>
        <title>SINOPEC SHANGHAI PETROCHE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000BB2"/>
        </identifiers>
        <balance>707640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>348425.91000000</valUSD>
        <pctVal>0.065883529249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lepu Medical Technology (Beijing) Co., Ltd.</name>
        <lei>3003007FXUYE3WNDDO39</lei>
        <title>LEPU MEDICAL TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000H44"/>
        </identifiers>
        <balance>206411.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1066552.97000000</valUSD>
        <pctVal>0.201673502969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TONGWEI CO.,LTD</name>
        <lei>N/A</lei>
        <title>TONGWEI CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GS3"/>
        </identifiers>
        <balance>449880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1106280.56000000</valUSD>
        <pctVal>0.209185555783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ningbo Zhoushan Port Company Limited</name>
        <lei>30030062JKWZUF3F8Y93</lei>
        <title>NINGBO ZHOUSHAN PORT CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V12"/>
        </identifiers>
        <balance>1017541.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>513971.40000000</valUSD>
        <pctVal>0.097186371028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA FORTUNE LAND DEVELOPMENT CO., LTD.</name>
        <lei>300300YQSINKF7N7ZB29</lei>
        <title>CHINA FORTUNE LAND DEVELOP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GG8"/>
        </identifiers>
        <balance>349168.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1129352.41000000</valUSD>
        <pctVal>0.213548190308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANXI XINGHUACUN FEN WINE FACTORY CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHANXI XINGHUACUN FEN WINE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DH5"/>
        </identifiers>
        <balance>101026.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2072621.41000000</valUSD>
        <pctVal>0.391910042765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Fosun Pharmaceutical (Group) Co., Ltd.</name>
        <lei>300300DMUYLW3FP1OT73</lei>
        <title>SHANGHAI FOSUN PHARMACEUTI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000X38"/>
        </identifiers>
        <balance>233024.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1116035.85000000</valUSD>
        <pctVal>0.211030174440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nanjing King-friend Biochemical Pharmaceutical Co., Ltd</name>
        <lei>N/A</lei>
        <title>NANJING KING-FRIEND BIOCHE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002WP3"/>
        </identifiers>
        <balance>69400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>634028.93000000</valUSD>
        <pctVal>0.119887937021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Youngor Group Co., Ltd</name>
        <lei>300300PRWK21S8R8F317</lei>
        <title>YOUNGOR GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000XR2"/>
        </identifiers>
        <balance>580975.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>489917.02000000</valUSD>
        <pctVal>0.092637950825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seazen Holdings Co., Ltd</name>
        <lei>N/A</lei>
        <title>SEAZEN HOLDINGS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002BF8"/>
        </identifiers>
        <balance>261460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1155673.36000000</valUSD>
        <pctVal>0.218525194111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangxi Copper Company Limited</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>JIANGXI COPPER CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019P0"/>
        </identifiers>
        <balance>240471.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>457958.99000000</valUSD>
        <pctVal>0.086595036840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SDIC Power Holdings Co., Ltd.</name>
        <lei>300300LQJ91PHBNFC721</lei>
        <title>SDIC POWER HOLDINGS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JM2"/>
        </identifiers>
        <balance>786269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>874404.77000000</valUSD>
        <pctVal>0.165340379652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northeast Securities Co., Ltd.</name>
        <lei>300300E1002922000054</lei>
        <title>NORTHEAST SECURITIES CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000004H9"/>
        </identifiers>
        <balance>271200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>324238.97000000</valUSD>
        <pctVal>0.061310043400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tunghsu Optoelectronic Technology Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>TUNGHSU OPTOELECTRONIC TEC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000578"/>
        </identifiers>
        <balance>635045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>239902.39000000</valUSD>
        <pctVal>0.045362918413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianjin Zhonghuan Semiconductor Co., Ltd.</name>
        <lei>300300Y3UHPAM1FB1Y03</lei>
        <title>TIANJIN ZHONGHUAN SEMICOND-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000B8"/>
        </identifiers>
        <balance>322700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1025480.81000000</valUSD>
        <pctVal>0.193907206672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAILE SCIENCE AND TECHNOLOGY CO., LTD. HUBEI</name>
        <lei>3003002LF6N3XX7UQE31</lei>
        <title>HUBEI KAILE SCIENCE &amp; TECH-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000013H0"/>
        </identifiers>
        <balance>115960.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>221821.54000000</valUSD>
        <pctVal>0.041944027408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fujian Star-net Communication Co., Ltd.</name>
        <lei>N/A</lei>
        <title>FUJIAN STAR-NET COMMUNICAT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000QF0"/>
        </identifiers>
        <balance>67582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>337826.33000000</valUSD>
        <pctVal>0.063879264586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Kunlun Tech Co., Ltd</name>
        <lei>300300AMV45UQEH2Z513</lei>
        <title>BEIJING KUNLUN TECH CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001YF2"/>
        </identifiers>
        <balance>133014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>469743.47000000</valUSD>
        <pctVal>0.088823353135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NavInfo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NAVINFO CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000P69"/>
        </identifiers>
        <balance>227279.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>530272.11000000</valUSD>
        <pctVal>0.100268657027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Venustech Group Inc.</name>
        <lei>N/A</lei>
        <title>VENUSTECH GROUP INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000QJ2"/>
        </identifiers>
        <balance>103908.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>618500.88000000</valUSD>
        <pctVal>0.116951752578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenergy Company Limited</name>
        <lei>300300PA40YYCBW4WW70</lei>
        <title>SHENERGY COMPANY LIMITED-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000005Q7"/>
        </identifiers>
        <balance>569132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>475903.95000000</valUSD>
        <pctVal>0.089988232533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Changan Automobile Company Limited</name>
        <lei>N/A</lei>
        <title>CHONGQING CHANGAN AUTOMOB-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000R36"/>
        </identifiers>
        <balance>452020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>703508.19000000</valUSD>
        <pctVal>0.133025705272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FINANCIAL STREET HOLDINGS CO., LTD.</name>
        <lei>300300AENWIK9ED8BK05</lei>
        <title>FINANCIAL STREET HOLDINGS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000KT5"/>
        </identifiers>
        <balance>346381.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>325417.54000000</valUSD>
        <pctVal>0.061532898098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yintai Gold Co., Ltd.</name>
        <lei>N/A</lei>
        <title>YINTAI GOLD CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012L4"/>
        </identifiers>
        <balance>229847.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>509921.96000000</valUSD>
        <pctVal>0.096420666208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinolink Securities Co., Ltd.</name>
        <lei>300300XTI3CMWAP25D43</lei>
        <title>SINOLINK SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000SV4"/>
        </identifiers>
        <balance>350400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>565677.05000000</valUSD>
        <pctVal>0.106963343998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mango Excellent Media Co Ltd</name>
        <lei>N/A</lei>
        <title>MANGO EXCELLENT MEDIA CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001Y83"/>
        </identifiers>
        <balance>206334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1903431.33000000</valUSD>
        <pctVal>0.359918048873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAURA Technology Group Co., Ltd.</name>
        <lei>300300JI5I0B95GO5C39</lei>
        <title>NAURA TECHNOLOGY GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000ML7"/>
        </identifiers>
        <balance>56817.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1373929.96000000</valUSD>
        <pctVal>0.259795130351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIC Jonhon Optronic Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AVIC JONHON OPTRONIC TECH-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007T5"/>
        </identifiers>
        <balance>127600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>740387.82000000</valUSD>
        <pctVal>0.139999239995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Development Company Limited</name>
        <lei>529900CWRQN9ME25NV73</lei>
        <title>COSCO SHIPPING DEVELOPME-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008F2"/>
        </identifiers>
        <balance>919078.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>239270.42000000</valUSD>
        <pctVal>0.045243419797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autobio Diagnostics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AUTOBIO DIAGNOSTICS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GC4"/>
        </identifiers>
        <balance>33300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>765342.86000000</valUSD>
        <pctVal>0.144717965155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>East Money Information Co., Ltd.</name>
        <lei>N/A</lei>
        <title>EAST MONEY INFORMATION CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MD4"/>
        </identifiers>
        <balance>938697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2682845.23000000</valUSD>
        <pctVal>0.507296693814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chengdu Xingrong Environment Co., Ltd.</name>
        <lei>300300XM3A0CVZ914Y75</lei>
        <title>CHENGDU XINGRONG ENVIRONME-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000HN4"/>
        </identifiers>
        <balance>346033.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>225213.37000000</valUSD>
        <pctVal>0.042585385368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DONGXING SECURITIES Company Limited</name>
        <lei>3003005E7NY9IQW9AF89</lei>
        <title>DONGXING SECURITIES CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002177"/>
        </identifiers>
        <balance>319580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>492861.52000000</valUSD>
        <pctVal>0.093194723574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuchan Zhongda Group Co., Ltd.</name>
        <lei>300300PA9D9DEGG5M059</lei>
        <title>WUCHAN ZHONGDA GROUP CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000KF4"/>
        </identifiers>
        <balance>586530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>349374.45000000</valUSD>
        <pctVal>0.066062887790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAANSHAN IRON &amp; STEEL COMPANY LIMITED</name>
        <lei>529900A75J4LKKIUAJ17</lei>
        <title>MAANSHAN IRON &amp; STEEL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DD4"/>
        </identifiers>
        <balance>691500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>252424.04000000</valUSD>
        <pctVal>0.047730625493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TANGSHAN JIDONG CEMENT CO.,LTD.</name>
        <lei>3003008JAIR3NZT2IK64</lei>
        <title>TANGSHAN JIDONG CEMENT INV-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000GX5"/>
        </identifiers>
        <balance>156119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>354306.36000000</valUSD>
        <pctVal>0.066995458036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Greenland Holdings Corporation Limited</name>
        <lei>N/A</lei>
        <title>GREENLAND HOLDINGS CORP LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000388"/>
        </identifiers>
        <balance>940008.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>821937.60000000</valUSD>
        <pctVal>0.155419411578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBMG Corporation</name>
        <lei>529900T6R2GKVJ9Y2J16</lei>
        <title>BBMG CORPORATION-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010M4"/>
        </identifiers>
        <balance>966212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>418323.90000000</valUSD>
        <pctVal>0.079100474764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XINJIANG GOLDWIND SCIENCE &amp; TECHNOLOGY CO.,LTD</name>
        <lei>3003008X6GR2ZPYM2V54</lei>
        <title>XINJIANG GOLDWIND SCI&amp;TECH-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008S5"/>
        </identifiers>
        <balance>399900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>564112.06000000</valUSD>
        <pctVal>0.106667421504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Proya Cosmetics Co Ltd</name>
        <lei>N/A</lei>
        <title>PROYA COSMETICS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002TP9"/>
        </identifiers>
        <balance>23286.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>593108.94000000</valUSD>
        <pctVal>0.112150414406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVE Energy Co., Ltd.</name>
        <lei>300300FTCIO530XV7T38</lei>
        <title>EVE ENERGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GS4"/>
        </identifiers>
        <balance>213439.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1445022.27000000</valUSD>
        <pctVal>0.273237908717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dong-E-E-Jiao Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DONG-E-E-JIAOCO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000006Y9"/>
        </identifiers>
        <balance>75788.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>383993.25000000</valUSD>
        <pctVal>0.072608924284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The People's Insurance Company (Group) of China Limited</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>PICC HOLDING CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003F27"/>
        </identifiers>
        <balance>685494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>624609.16000000</valUSD>
        <pctVal>0.118106761527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanxi Taigang Stainless Steel Co., Ltd.</name>
        <lei>300300TSZ3ZVPD82J476</lei>
        <title>SHANXI TAIGANG STAINLESS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WM5"/>
        </identifiers>
        <balance>660000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>310027.94000000</valUSD>
        <pctVal>0.058622893036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Sinocera Functional Material Co Ltd</name>
        <lei>N/A</lei>
        <title>SHANDONG SINOCERA FUNCTION-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001FB0"/>
        </identifiers>
        <balance>111600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>529123.98000000</valUSD>
        <pctVal>0.100051558200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai RAAS Blood Products Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHANGHAI RAAS BLOOD PRODUC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000C31"/>
        </identifiers>
        <balance>576445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>689996.77000000</valUSD>
        <pctVal>0.130470843509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TONGKUN GROUP CO.,LTD</name>
        <lei>300300AK2H2EJWS24N19</lei>
        <title>TONGKUN GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000012X7"/>
        </identifiers>
        <balance>214119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>386566.93000000</valUSD>
        <pctVal>0.073095579027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianshui Huatian Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TIANSHUI HUATIAN TECHNOLOG-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000825"/>
        </identifiers>
        <balance>317500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>607799.51000000</valUSD>
        <pctVal>0.114928240539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tonghua Dongbao Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TONGHUA DONGBAO PHARMACEUT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000H87"/>
        </identifiers>
        <balance>228571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>563686.11000000</valUSD>
        <pctVal>0.106586879017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF CHENGDU CO., LTD.</name>
        <lei>30030030JPOKGL9K5418</lei>
        <title>BANK OF CHENGDU CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002SN6"/>
        </identifiers>
        <balance>418600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>471445.09000000</valUSD>
        <pctVal>0.089145110868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN CHUANTOU ENERGY CO., LTD.</name>
        <lei>300300WW1VOIP39YTJ43</lei>
        <title>SICHUAN CHUANTOU ENERGY CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000BQ0"/>
        </identifiers>
        <balance>510036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>668958.82000000</valUSD>
        <pctVal>0.126492797232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tongling Nonferrous Metals Group Co., Ltd.</name>
        <lei>300300JWM4636VG5A986</lei>
        <title>TONGLING NONFERROUS METALS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000529"/>
        </identifiers>
        <balance>1219700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>333065.12000000</valUSD>
        <pctVal>0.062978971843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qingdao Rural Commercial Bank Corporation</name>
        <lei>300300C1194637000087</lei>
        <title>QINGDAO RURAL COMMERCIAL B-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003JQ6"/>
        </identifiers>
        <balance>643700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>403465.18000000</valUSD>
        <pctVal>0.076290853305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Dingli Machinery Co Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG DINGLI MACHINERY -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000023M7"/>
        </identifiers>
        <balance>56240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>602922.40000000</valUSD>
        <pctVal>0.114006032374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sichuan Kelun Pharmaceutical Co., Ltd.</name>
        <lei>30030014Z0J8J835FO94</lei>
        <title>SICHUAN KELUN PHARMACEUTIC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000PW7"/>
        </identifiers>
        <balance>166869.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>495808.28000000</valUSD>
        <pctVal>0.093751923665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Holitech Technology Co., Ltd.</name>
        <lei>300300IZAL0YRTT2GV17</lei>
        <title>HOLITECH TECHNOLOGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009K0"/>
        </identifiers>
        <balance>361110.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>268236.36000000</valUSD>
        <pctVal>0.050720562284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sangfor Technologies Inc</name>
        <lei>N/A</lei>
        <title>SANGFOR TECHNOLOGIES INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000033T1"/>
        </identifiers>
        <balance>31610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>921141.18000000</valUSD>
        <pctVal>0.174177723681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MINSHENG BANKING CORP., LTD.</name>
        <lei>549300HBUGSQD1VCXG94</lei>
        <title>CHINA MINSHENG BANKING-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015Y0"/>
        </identifiers>
        <balance>4130910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>3313962.68000000</valUSD>
        <pctVal>0.626634101807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spring Airlines Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SPRING AIRLINES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001V45"/>
        </identifiers>
        <balance>106239.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>529710.64000000</valUSD>
        <pctVal>0.100162489190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Jiangsu Co., Ltd.</name>
        <lei>300300C1086832000046</lei>
        <title>BANK OF JIANGSU CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002G76"/>
        </identifiers>
        <balance>1337664.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1073121.56000000</valUSD>
        <pctVal>0.202915551505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heilongjiang Agriculture Company Limited</name>
        <lei>300300QU9AQS1YMTV002</lei>
        <title>HEILONGJIANG AGRICULTURE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019Z9"/>
        </identifiers>
        <balance>206000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>469258.25000000</valUSD>
        <pctVal>0.088731603339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing New Building Materials Public Limited Company</name>
        <lei>3003000VY5ALEC09Q824</lei>
        <title>BEIJING NEW BUILDING MATER-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000QS4"/>
        </identifiers>
        <balance>195781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>590854.05000000</valUSD>
        <pctVal>0.111724039366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hunan Valin Steel Co., Ltd.</name>
        <lei>300300XX7EOA6LTKJZ22</lei>
        <title>HUNAN VALIN STEEL CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001006"/>
        </identifiers>
        <balance>710182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>378817.32000000</valUSD>
        <pctVal>0.071630212524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG HUAYOU COBALT CO., LTD</name>
        <lei>30030099QFLNMEGP7M05</lei>
        <title>ZHEJIANG HUAYOU COBALT CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001VW3"/>
        </identifiers>
        <balance>128959.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>709044.14000000</valUSD>
        <pctVal>0.134072492877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baoshan Iron &amp; Steel Co.,Ltd.</name>
        <lei>300300PYAP4PEHORZT21</lei>
        <title>BAOSHAN IRON &amp; STEEL CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015R4"/>
        </identifiers>
        <balance>2150780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1387649.08000000</valUSD>
        <pctVal>0.262389265913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lomon Billions Group Co., Ltd</name>
        <lei>3003006O3YJY5SGWGQ13</lei>
        <title>LOMON BILLIONS GROUP CO  -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015M3"/>
        </identifiers>
        <balance>196182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>513510.95000000</valUSD>
        <pctVal>0.097099304969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unigroup Guoxin Microelectronics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>UNIGROUP GUOXIN MICROELECT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001M14"/>
        </identifiers>
        <balance>70359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>724221.61000000</valUSD>
        <pctVal>0.136942386475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Communications Construction Company Limited</name>
        <lei>529900LWYPVP93SJ2U42</lei>
        <title>CHINA COMMUNICATIONS CONST-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001FN5"/>
        </identifiers>
        <balance>544484.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>565457.54000000</valUSD>
        <pctVal>0.106921837058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC Securities Company Limited</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC SECURITIES CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DB6"/>
        </identifiers>
        <balance>1146043.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>3909461.53000000</valUSD>
        <pctVal>0.739236422059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL BANK CO.,LTD.</name>
        <lei>300300C1030935001303</lei>
        <title>INDUSTRIAL BANK CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001QZ7"/>
        </identifiers>
        <balance>2419958.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>5402983.59000000</valUSD>
        <pctVal>1.021645110679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanxi Xishan Coal and Electricity Power Co., Ltd.</name>
        <lei>3003006IEAP7EBNLIL41</lei>
        <title>SHANXI XISHAN COAL &amp; ELEC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000013Y5"/>
        </identifiers>
        <balance>474689.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>251860.03000000</valUSD>
        <pctVal>0.047623977370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangdong Hongda Blasting Co., Ltd.</name>
        <lei>N/A</lei>
        <title>GUANGDONG HONGDA BLASTING -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001F37"/>
        </identifiers>
        <balance>81898.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>404405.96000000</valUSD>
        <pctVal>0.076468744515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Walvax Biotechnology Co., Ltd.</name>
        <lei>300300H82R2DIQXA8N24</lei>
        <title>WALVAX BIOTECHNOLOGY CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WN2"/>
        </identifiers>
        <balance>178153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1319810.56000000</valUSD>
        <pctVal>0.249561743652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG SANHUA INTELLIGENT CONTROLS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG SANHUA INTELLIGEN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001M22"/>
        </identifiers>
        <balance>416580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1290807.12000000</valUSD>
        <pctVal>0.244077510325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Perfect World Co Ltd</name>
        <lei>N/A</lei>
        <title>PERFECT WORLD CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018W6"/>
        </identifiers>
        <balance>149834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1221949.24000000</valUSD>
        <pctVal>0.231057238236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yantai Jereh Oilfield Services Group Co., Ltd.</name>
        <lei>300300QPHWK638H2EU20</lei>
        <title>YANTAI JEREH OILFIELD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000L55"/>
        </identifiers>
        <balance>111006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>486885.64000000</valUSD>
        <pctVal>0.092064750018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUANENG POWER INTERNATIONAL, INC.</name>
        <lei>529900WU0SMVKMPG4V21</lei>
        <title>HUANENG POWER INTL INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001998"/>
        </identifiers>
        <balance>849510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>507223.97000000</valUSD>
        <pctVal>0.095910505804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Life Insurance Company Limited</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>CHINA LIFE INSURANCE CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001Q93"/>
        </identifiers>
        <balance>321739.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1238657.03000000</valUSD>
        <pctVal>0.234216498612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Newland Digital Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NEWLAND DIGITAL TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000014B1"/>
        </identifiers>
        <balance>121847.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>275492.92000000</valUSD>
        <pctVal>0.052092698424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Securities Co., Ltd.</name>
        <lei>3003006CDEBNKXHOI130</lei>
        <title>CSC FINANCIAL CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031T5"/>
        </identifiers>
        <balance>320600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1786315.02000000</valUSD>
        <pctVal>0.337772635418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leyard Optoelectronic Co., Ltd.</name>
        <lei>300300TZ3EYOENTWR527</lei>
        <title>LEYARD OPTOELECTRONIC CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001CB7"/>
        </identifiers>
        <balance>294664.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>253066.46000000</valUSD>
        <pctVal>0.047852100090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yango Group Co., Ltd.</name>
        <lei>3003007OYHGJ5APXVC69</lei>
        <title>YANGO GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000206"/>
        </identifiers>
        <balance>469254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>420935.99000000</valUSD>
        <pctVal>0.079594392418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Jahwa United Co., Ltd</name>
        <lei>N/A</lei>
        <title>SHANGHAI JAHWA UNITED CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017K5"/>
        </identifiers>
        <balance>77800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>527271.06000000</valUSD>
        <pctVal>0.099701191291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luxshare Precision Industry Co., Ltd.</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>LUXSHARE PRECISION INDUSTR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000TP3"/>
        </identifiers>
        <balance>812431.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>5902632.64000000</valUSD>
        <pctVal>1.116123281950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haitong Securities Co., Ltd.</name>
        <lei>300300E1003931000068</lei>
        <title>HAITONG SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000CK1"/>
        </identifiers>
        <balance>937687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1669003.92000000</valUSD>
        <pctVal>0.315590389304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Founder Securities Co., Ltd.</name>
        <lei>300300DSN6TINPUMGY45</lei>
        <title>FOUNDER SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015Y8"/>
        </identifiers>
        <balance>953861.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>955514.26000000</valUSD>
        <pctVal>0.180677297210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoomlion Heavy Industry Science And Technology Co., Ltd</name>
        <lei>529900QZ3EMAU0QKFK85</lei>
        <title>ZOOMLION HEAVY INDUSTRY S-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001527"/>
        </identifiers>
        <balance>751441.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>683635.62000000</valUSD>
        <pctVal>0.129268019609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUADONG MEDICINE CO .,LTD</name>
        <lei>N/A</lei>
        <title>HUADONG MEDICINE CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011S1"/>
        </identifiers>
        <balance>202742.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>725743.36000000</valUSD>
        <pctVal>0.137230132759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thunder Software Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>THUNDER SOFTWARE TECHNOLOG-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000021D0"/>
        </identifiers>
        <balance>46647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>512818.35000000</valUSD>
        <pctVal>0.096968341883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Addsino Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ADDSINO CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DM5"/>
        </identifiers>
        <balance>186071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>359886.89000000</valUSD>
        <pctVal>0.068050675231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TBEA CO., LTD.</name>
        <lei>300300NIEBMOQ4DNLE36</lei>
        <title>TBEA CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000RB8"/>
        </identifiers>
        <balance>430399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>412267.16000000</valUSD>
        <pctVal>0.077955211466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jafron Biomedical Co Ltd</name>
        <lei>N/A</lei>
        <title>JAFRON BIOMEDICAL CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002995"/>
        </identifiers>
        <balance>92208.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>906717.98000000</valUSD>
        <pctVal>0.171450454291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Nuclear Power Co., Ltd</name>
        <lei>300300C5011511000005</lei>
        <title>CHINA NATIONAL NUCLEAR POW-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022N7"/>
        </identifiers>
        <balance>1502966.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>869743.69000000</valUSD>
        <pctVal>0.164459020397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIC Electromechanical Systems Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AVIC ELECTROMECHANICAL SY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001JY5"/>
        </identifiers>
        <balance>418190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>467433.20000000</valUSD>
        <pctVal>0.088386506343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AECC AERO-ENGINE CONTROL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>AECC AERO-ENGINE CONTROL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000RM5"/>
        </identifiers>
        <balance>132700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>256284.53000000</valUSD>
        <pctVal>0.048460601935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Yangtze Power Co., Ltd.</name>
        <lei>3003008VX8JFJXA6QP74</lei>
        <title>CHINA YANGTZE POWER CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001G87"/>
        </identifiers>
        <balance>2562767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>6867646.28000000</valUSD>
        <pctVal>1.298596808035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCEANWIDE HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>OCEANWIDE HOLDINGS CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000123"/>
        </identifiers>
        <balance>501763.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>267644.80000000</valUSD>
        <pctVal>0.050608704758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chinese Universe Publishing and Media Group Co., Ltd.</name>
        <lei>30030040UMRH6C4ZOC68</lei>
        <title>CHINESE UNIVERSE PUBLISHIN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019X4"/>
        </identifiers>
        <balance>157036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>261735.92000000</valUSD>
        <pctVal>0.049491400168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aier Eye Hospital Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AIER EYE HOSPITAL GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GR6"/>
        </identifiers>
        <balance>469114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2883945.15000000</valUSD>
        <pctVal>0.545322489488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO Shipping Energy Transportation Co., Ltd.</name>
        <lei>529900IGB8FVHRCR1W95</lei>
        <title>COSCO SHIPPING ENERGY TRAN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001BD6"/>
        </identifiers>
        <balance>401704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>367161.80000000</valUSD>
        <pctVal>0.069426281155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai International Airport Co., Ltd.</name>
        <lei>3003000CIJ7O6AOQF345</lei>
        <title>SHANGHAI INTERNATIONAL AIR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000V89"/>
        </identifiers>
        <balance>111689.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1138895.15000000</valUSD>
        <pctVal>0.215352618084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA INDUSTRIAL SECURITIES CO.,LTD.</name>
        <lei>300300E1011435000093</lei>
        <title>INDUSTRIAL SECURITIES CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V95"/>
        </identifiers>
        <balance>775953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>752046.70000000</valUSD>
        <pctVal>0.142203806704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG LINGLONG TYRE CO., LTD.</name>
        <lei>3003003R54QIO1CPVS32</lei>
        <title>SHANDONG LINGLONG TYRE CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GM3"/>
        </identifiers>
        <balance>139095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>397540.80000000</valUSD>
        <pctVal>0.075170617835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN SWELLFUN CO., LTD</name>
        <lei>N/A</lei>
        <title>SICHUAN SWELLFUN CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000NH4"/>
        </identifiers>
        <balance>56563.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>499545.46000000</valUSD>
        <pctVal>0.094458583534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liaoning Cheng Da Co., Ltd.</name>
        <lei>300300ZCCWKNUJRL8D79</lei>
        <title>LIAONING CHENG DA CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000LY3"/>
        </identifiers>
        <balance>177209.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>474630.03000000</valUSD>
        <pctVal>0.089747348192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JINYU BIO-TECHNOLOGY CO.,LTD.</name>
        <lei>N/A</lei>
        <title>JINYU BIO-TECHNOLOGY CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000Y37"/>
        </identifiers>
        <balance>130455.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>513864.70000000</valUSD>
        <pctVal>0.097166195225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xinhu Zhongbao Co., Ltd.</name>
        <lei>N/A</lei>
        <title>XINHU ZHONGBAO CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000ZH8"/>
        </identifiers>
        <balance>996468.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>420144.27000000</valUSD>
        <pctVal>0.079444686824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caitong Securities Co., Ltd.</name>
        <lei>300300E1006233000091</lei>
        <title>CAITONG SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002V44"/>
        </identifiers>
        <balance>415909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>603171.77000000</valUSD>
        <pctVal>0.114053185514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DHC Software Co., Ltd</name>
        <lei>300300NIFA1100061160</lei>
        <title>DHC SOFTWARE CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NL4"/>
        </identifiers>
        <balance>361030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>639538.13000000</valUSD>
        <pctVal>0.120929666493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Yangnong Chemical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JIANGSU YANGNONG CHEMICAL -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001B66"/>
        </identifiers>
        <balance>35900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>419051.32000000</valUSD>
        <pctVal>0.079238021931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUALAN BIOLOGICAL ENGINEERING, INC.</name>
        <lei>N/A</lei>
        <title>HUALAN BIOLOGICAL ENGINEER-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001JN8"/>
        </identifiers>
        <balance>211357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1498510.74000000</valUSD>
        <pctVal>0.283351993453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Brewery Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHONGQING BREWERY CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TL3"/>
        </identifiers>
        <balance>56081.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>579238.51000000</valUSD>
        <pctVal>0.109527667778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Hengli Hydraulic Co Ltd</name>
        <lei>N/A</lei>
        <title>JIANGSU HENGLI HYDRAULIC C-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019R4"/>
        </identifiers>
        <balance>102237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1160115.65000000</valUSD>
        <pctVal>0.219365182570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRANDJOY HOLDINGS GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>GRANDJOY HOLDINGS GROUP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000BJ5"/>
        </identifiers>
        <balance>331083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>238436.91000000</valUSD>
        <pctVal>0.045085812171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STO Express Co., Ltd.</name>
        <lei>300300AYG8JYIHUJ6F19</lei>
        <title>STO EXPRESS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000T99"/>
        </identifiers>
        <balance>177373.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>411827.09000000</valUSD>
        <pctVal>0.077871999041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Changchun High &amp; New Technology Industries (Group) Inc.</name>
        <lei>300300X04OTKZG18WD66</lei>
        <title>CHANGCHUN HIGH &amp; NEW TECH-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000007J8"/>
        </identifiers>
        <balance>47162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2904689.41000000</valUSD>
        <pctVal>0.549245002198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dongfang Electric Corporation Limited</name>
        <lei>529900ISAW6T566F0R12</lei>
        <title>DONGFANG ELECTRIC CORP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000J28"/>
        </identifiers>
        <balance>321940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>403122.49000000</valUSD>
        <pctVal>0.076226054374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guotai Junan Securities Co., Ltd.</name>
        <lei>300300E1005431000017</lei>
        <title>GUOTAI JUNAN SECURITIES CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022F3"/>
        </identifiers>
        <balance>870881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2126759.73000000</valUSD>
        <pctVal>0.402147007029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUA XIA BANK CO., Limited</name>
        <lei>300300AKNDEHIGVDZW37</lei>
        <title>HUAXIA BANK CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FW7"/>
        </identifiers>
        <balance>1485787.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1286550.38000000</valUSD>
        <pctVal>0.243272607342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>By-health Co Ltd</name>
        <lei>N/A</lei>
        <title>BY-HEALTH CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000Y84"/>
        </identifiers>
        <balance>183319.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>510707.24000000</valUSD>
        <pctVal>0.096569154068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luzhou Laojiao CO.,LTD</name>
        <lei>N/A</lei>
        <title>LUZHOU LAOJIAO CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000GF2"/>
        </identifiers>
        <balance>170675.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2200404.09000000</valUSD>
        <pctVal>0.416072350141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WuXi AppTec Co., Ltd.</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WUXI APPTEC CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
        </identifiers>
        <balance>241510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>3300890.10000000</valUSD>
        <pctVal>0.624162219888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Molybdenum Co., Ltd.</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CHINA MOLYBDENUM CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NR0"/>
        </identifiers>
        <balance>2046991.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1062920.59000000</valUSD>
        <pctVal>0.200986659634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Muyuan Foods Co.,Ltd</name>
        <lei>3003006NCTDQW4KZR676</lei>
        <title>MUYUAN FOODSTUFF CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001RQ3"/>
        </identifiers>
        <balance>436583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>5065233.77000000</valUSD>
        <pctVal>0.957780313297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai 2345 Network Holding Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHANGHAI 2345 NETWORK HOLD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008K2"/>
        </identifiers>
        <balance>668584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>265816.00000000</valUSD>
        <pctVal>0.050262898677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chaozhou Three-circle Group Co Ltd</name>
        <lei>N/A</lei>
        <title>CHAOZHOU THREE-CIRCLE GROU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001Y42"/>
        </identifiers>
        <balance>201903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>791300.36000000</valUSD>
        <pctVal>0.149626244538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INNER MONGOLIA JUNZHENG ENERGY &amp; CHEMICAL GROUP CO., LTD.</name>
        <lei>3003006C9ZMCTO771B16</lei>
        <title>INNER MONGOLIA JUNZHENG EN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010F8"/>
        </identifiers>
        <balance>977745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>351380.89000000</valUSD>
        <pctVal>0.066442283652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Hope Liuhe Co., Ltd.</name>
        <lei>300300F28XODWP5GJF78</lei>
        <title>NEW HOPE LIUHE CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000VB0"/>
        </identifiers>
        <balance>488492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2059645.80000000</valUSD>
        <pctVal>0.389456496813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangdong Haid Group Co., Limited</name>
        <lei>300300Y7LIHH4R4TWD50</lei>
        <title>GUANGDONG HAID GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HP8"/>
        </identifiers>
        <balance>183092.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1232831.99000000</valUSD>
        <pctVal>0.233115047249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gemdale Corporation</name>
        <lei>300300VAI0OCY3OKWO66</lei>
        <title>GEMDALE CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001790"/>
        </identifiers>
        <balance>523107.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1013981.24000000</valUSD>
        <pctVal>0.191732763742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Goodix Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHENZHEN GOODIX TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002G84"/>
        </identifiers>
        <balance>52829.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1666100.82000000</valUSD>
        <pctVal>0.315041444842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Insurance (Group) Company of China, Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>PING AN INSURANCE GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001R84"/>
        </identifiers>
        <balance>1261830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>12747290.44000000</valUSD>
        <pctVal>2.410373219816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF HANGZHOU CO., LTD.</name>
        <lei>300300C1092033000075</lei>
        <title>BANK OF HANGZHOU CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GQ4"/>
        </identifiers>
        <balance>687179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>867268.46000000</valUSD>
        <pctVal>0.163990981472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fiberhome Telecommunication Technologies Co., Ltd.</name>
        <lei>N/A</lei>
        <title>FIBERHOME TELECOM TECH CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018P2"/>
        </identifiers>
        <balance>135679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>554982.83000000</valUSD>
        <pctVal>0.104941183947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hubei Biocause Pharmaceutical Co., Ltd</name>
        <lei>N/A</lei>
        <title>HUBEI BIOCAUSE PHARMACEUTI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000F48"/>
        </identifiers>
        <balance>572441.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>421975.54000000</valUSD>
        <pctVal>0.079790959955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIANFENG SECURITIES CO., LTD.</name>
        <lei>300300E1007142000089</lei>
        <title>TIANFENG SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003F43"/>
        </identifiers>
        <balance>772400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>662267.91000000</valUSD>
        <pctVal>0.125227619322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanxi Meijin Energy Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHANXI MEIJIN ENERGY CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000005J2"/>
        </identifiers>
        <balance>475020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>420731.52000000</valUSD>
        <pctVal>0.079555729377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Energy New Material Co., Ltd.</name>
        <lei>N/A</lei>
        <title>YUNNAN ENERGY NEW MATERIAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002BR3"/>
        </identifiers>
        <balance>93337.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>868957.53000000</valUSD>
        <pctVal>0.164310366138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUBEI JUMPCAN PHARMACEUTICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>HUBEI JUMPCAN PHARMACEUT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018X6"/>
        </identifiers>
        <balance>94380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>339982.99000000</valUSD>
        <pctVal>0.064287065407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhengzhou Yutong Bus Co., Ltd.</name>
        <lei>300300OMPRVW0Q75F037</lei>
        <title>ZHENGZHOU YUTONG BUS CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000PY4"/>
        </identifiers>
        <balance>256536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>442819.74000000</valUSD>
        <pctVal>0.083732370226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poly Developments and Holdings Group Co., Ltd.</name>
        <lei>300300W9OF1ZRGUDVU96</lei>
        <title>POLY DEVELOPMENTS AND HOLD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001ND1"/>
        </identifiers>
        <balance>1390014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2906781.78000000</valUSD>
        <pctVal>0.549640646484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ninestar Corporation</name>
        <lei>N/A</lei>
        <title>NINESTAR CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007W9"/>
        </identifiers>
        <balance>121000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>563419.76000000</valUSD>
        <pctVal>0.106536515145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Lead Intelligent Equipment CO.,LTD.</name>
        <lei>N/A</lei>
        <title>WUXI LEAD INTELLIGENT EQUI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001ZF9"/>
        </identifiers>
        <balance>102105.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>667577.67000000</valUSD>
        <pctVal>0.126231636871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Thunisoft Co Ltd</name>
        <lei>300300ARLN2H6DSZJ004</lei>
        <title>BEIJING THUNISOFT CORP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001QM5"/>
        </identifiers>
        <balance>93813.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>374442.32000000</valUSD>
        <pctVal>0.070802947868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HBIS COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>HESTEEL CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000H20"/>
        </identifiers>
        <balance>1230359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>355124.67000000</valUSD>
        <pctVal>0.067150191508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apeloa Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>APELOA PHARMACEUTICAL CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000Q45"/>
        </identifiers>
        <balance>136597.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>450121.20000000</valUSD>
        <pctVal>0.085112996464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIVZON PHARMACEUTICAL GROUP INC.</name>
        <lei>529900Y4GWTVVTORJ443</lei>
        <title>LIVZON PHARMACEUTICAL GROU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000002Y8"/>
        </identifiers>
        <balance>71311.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>484403.26000000</valUSD>
        <pctVal>0.091595359107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meinian Onehealth Healthcare Holdings Co., Ltd.</name>
        <lei>300300EYIBAM5S5ILV56</lei>
        <title>MEINIAN ONEHEALTH HEALTHCA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001LV7"/>
        </identifiers>
        <balance>454208.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>926056.71000000</valUSD>
        <pctVal>0.175107196648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Changshu Rural Commercial Bank Co., Ltd.</name>
        <lei>300300C1115432000063</lei>
        <title>JIANGSU CHANGSHU RURAL COM-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RJ6"/>
        </identifiers>
        <balance>317549.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>337418.98000000</valUSD>
        <pctVal>0.063802239156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou Robam Appliances Co Ltd</name>
        <lei>N/A</lei>
        <title>HANGZHOU ROBAM APPLIANCES-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WY9"/>
        </identifiers>
        <balance>109926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>483859.48000000</valUSD>
        <pctVal>0.091492536255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Spacesat Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA SPACESAT CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000SM3"/>
        </identifiers>
        <balance>136972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>597481.06000000</valUSD>
        <pctVal>0.112977134485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Tunnel Engineering Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHANGHAI TUNNEL ENGINEERIN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000B83"/>
        </identifiers>
        <balance>364353.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>291265.88000000</valUSD>
        <pctVal>0.055075192669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Contemporary Amperex Technology Co., Limited</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>CONTEMPORARY AMPEREX TECHN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003662"/>
        </identifiers>
        <balance>257299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>6347515.64000000</valUSD>
        <pctVal>1.200245792079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING SHUNXIN AGRICULTURE CO.,LTD</name>
        <lei>300300F5SAQWICHUKJ16</lei>
        <title>BEIJING SHUNXIN AGRICULT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000XH3"/>
        </identifiers>
        <balance>85926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>692732.97000000</valUSD>
        <pctVal>0.130988229006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Jin Jiang International Hotels Co., Ltd.</name>
        <lei>300300KOJEHP8FQX5092</lei>
        <title>SHANGHAI JINJIANG INTERNAT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000MK0"/>
        </identifiers>
        <balance>92900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>364751.87000000</valUSD>
        <pctVal>0.068970589747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHONGJIN GOLD CORP., LTD</name>
        <lei>300300Q0ZK8HFP814Z87</lei>
        <title>ZHONGJIN GOLD CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FM8"/>
        </identifiers>
        <balance>399940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>517201.60000000</valUSD>
        <pctVal>0.097797166523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIC SHENYANG AIRCRAFT COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>AVIC SHENYANG AIRCRAFT CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000MH6"/>
        </identifiers>
        <balance>135238.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>627994.93000000</valUSD>
        <pctVal>0.118746973608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Offcn Education Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>OFFCN EDUCATION TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001641"/>
        </identifiers>
        <balance>190555.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>748173.22000000</valUSD>
        <pctVal>0.141471373995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Enlight Media Co., Ltd.</name>
        <lei>3003001OIMLU5YWOKG42</lei>
        <title>BEIJING ENLIGHT MEDIA CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001617"/>
        </identifiers>
        <balance>339960.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>524772.89000000</valUSD>
        <pctVal>0.099228814664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Accord Medicines Corporation Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA NATIONAL ACCORD MEDI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000009N6"/>
        </identifiers>
        <balance>43230.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>275304.35000000</valUSD>
        <pctVal>0.052057041899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONGi Green Energy Technology Co., Ltd.</name>
        <lei>300300NRGAITUP1EZ248</lei>
        <title>LONGI GREEN ENERGY TECHNOL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001FR6"/>
        </identifiers>
        <balance>439357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2531924.67000000</valUSD>
        <pctVal>0.478759266362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jinduicheng Molybdenum Co Ltd</name>
        <lei>N/A</lei>
        <title>JINDUICHENG MOLYBDENUM CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009Y1"/>
        </identifiers>
        <balance>311579.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>272442.89000000</valUSD>
        <pctVal>0.051515971105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRG Banking Equipment Co., Ltd.</name>
        <lei>N/A</lei>
        <title>GRG BANKING EQUIPMENT CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000650"/>
        </identifiers>
        <balance>279154.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>511089.49000000</valUSD>
        <pctVal>0.096641433363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Baiyun International Airport Company Limited</name>
        <lei>300300HCH80SKW83W383</lei>
        <title>GUANGZHOU BAIYUN INTERNATI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DX0"/>
        </identifiers>
        <balance>239809.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>517093.72000000</valUSD>
        <pctVal>0.097776767595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS SECURITIES CO.,LTD</name>
        <lei>30030060IEIMX476KH87</lei>
        <title>CHINA MERCHANTS SECURITIES-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HK9"/>
        </identifiers>
        <balance>662629.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2057897.71000000</valUSD>
        <pctVal>0.389125952111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRRC Corporation Limited</name>
        <lei>30030099HATQH2XC0B72</lei>
        <title>CRRC CORP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000CP9"/>
        </identifiers>
        <balance>2833928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2233381.06000000</valUSD>
        <pctVal>0.422307934537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unisplendour Corporation Limited</name>
        <lei>N/A</lei>
        <title>UNISPLENDOUR CORP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000010T1"/>
        </identifiers>
        <balance>236722.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1439540.39000000</valUSD>
        <pctVal>0.272201345158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Energy Group Co., Ltd.</name>
        <lei>300300YTPGF0TA4RPB80</lei>
        <title>SHENZHEN ENERGY GROUP CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000933"/>
        </identifiers>
        <balance>459396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>301594.91000000</valUSD>
        <pctVal>0.057028299285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glodon Company Limited</name>
        <lei>N/A</lei>
        <title>GLODON CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000PH8"/>
        </identifiers>
        <balance>130989.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1291773.66000000</valUSD>
        <pctVal>0.244260272469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wangsu Science &amp; Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WANGSU SCIENCE &amp; TECHNOLOG-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GQ8"/>
        </identifiers>
        <balance>281999.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>338745.92000000</valUSD>
        <pctVal>0.064053148999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG SUPOR CO., LTD</name>
        <lei>N/A</lei>
        <title>ZHEJIANG SUPOR CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KS5"/>
        </identifiers>
        <balance>63394.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>636832.66000000</valUSD>
        <pctVal>0.120418091702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Aerospace Times Electronics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA AEROSPACE TIMES ELEC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000J93"/>
        </identifiers>
        <balance>315102.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>287114.98000000</valUSD>
        <pctVal>0.054290302873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Construction Group Co., Ltd.</name>
        <lei>3003009M1GRD07UMUZ33</lei>
        <title>SHANGHAI CONSTRUCTION GROU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WR4"/>
        </identifiers>
        <balance>1031811.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>448185.03000000</valUSD>
        <pctVal>0.084746887891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA VANKE CO., LTD.</name>
        <lei>529900E66UJ2DWY7KW55</lei>
        <title>CHINA VANKE CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000000T2"/>
        </identifiers>
        <balance>1132772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>4189545.48000000</valUSD>
        <pctVal>0.792197234049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing E-hualu Information Technology Co., Ltd</name>
        <lei>N/A</lei>
        <title>BEIJING E-HUALU INFO TECH-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000012M0"/>
        </identifiers>
        <balance>62770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>497346.40000000</valUSD>
        <pctVal>0.094042765337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zheshang Securities Co., Ltd.</name>
        <lei>300300E1009033000054</lei>
        <title>ZHESHANG SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002R65"/>
        </identifiers>
        <balance>321900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>451350.01000000</valUSD>
        <pctVal>0.085345350997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huagong Tech Company Limited</name>
        <lei>300300PJC3VZEBWN8591</lei>
        <title>HUAGONG TECH CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001303"/>
        </identifiers>
        <balance>116503.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>402697.93000000</valUSD>
        <pctVal>0.076145774721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RiseSun Real Estate Development Co., Ltd</name>
        <lei>300300C1332213000053</lei>
        <title>RISESUN REAL ESTATE DEVEL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000005Y9"/>
        </identifiers>
        <balance>503878.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>577469.75000000</valUSD>
        <pctVal>0.109193214605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Capital Securities Co., Ltd.</name>
        <lei>3003007W6RHRZJVRZ944</lei>
        <title>FIRST CAPITAL SECURITIES C-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000027G0"/>
        </identifiers>
        <balance>405808.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>397324.66000000</valUSD>
        <pctVal>0.075129748125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Giant Network Group Co Ltd</name>
        <lei>N/A</lei>
        <title>GIANT NETWORK GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010R3"/>
        </identifiers>
        <balance>195480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>481249.62000000</valUSD>
        <pctVal>0.090999040270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK CORPORATION</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000742"/>
        </identifiers>
        <balance>1111626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>992445.98000000</valUSD>
        <pctVal>0.187660681582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OFILM Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>OFILM GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000S33"/>
        </identifiers>
        <balance>314305.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>817808.91000000</valUSD>
        <pctVal>0.154638721449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanxi Lu'an Environmental Energy Dev. Co., Ltd</name>
        <lei>N/A</lei>
        <title>SHANXI LU'AN ENVIRONMENTAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NT7"/>
        </identifiers>
        <balance>346662.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>273199.72000000</valUSD>
        <pctVal>0.051659079382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LBX Pharmacy Chain Joint Stock Company</name>
        <lei>N/A</lei>
        <title>LAOBAIXING PHARMACY CHAIN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000023Q8"/>
        </identifiers>
        <balance>33229.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>470337.68000000</valUSD>
        <pctVal>0.088935711748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Originwater Technology Co., Ltd.</name>
        <lei>300300JGUWLVI6KFDX02</lei>
        <title>BEIJING ORIGINWATER TECHNO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N95"/>
        </identifiers>
        <balance>366639.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>421224.39000000</valUSD>
        <pctVal>0.079648925704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIC Capital Co., Ltd.</name>
        <lei>300300459IU931EYE898</lei>
        <title>AVIC CAPITAL CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000KC1"/>
        </identifiers>
        <balance>1040152.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>582788.29000000</valUSD>
        <pctVal>0.110198892356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pangang Group Vanadium Titanium &amp; Resources Co., Ltd.</name>
        <lei>300300ONZYFDMNITT218</lei>
        <title>PANGANG GROUP VANADIUM TIT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000007H2"/>
        </identifiers>
        <balance>995331.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>283062.55000000</valUSD>
        <pctVal>0.053524032676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WUXI TAIJI INDUSTRY LIMITED CORPORATION</name>
        <lei>N/A</lei>
        <title>WUXI TAIJI INDUS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000B00"/>
        </identifiers>
        <balance>244085.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>408204.12000000</valUSD>
        <pctVal>0.077186935035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wanda Film Holding Co Ltd</name>
        <lei>N/A</lei>
        <title>WANDA FILM HOLDING CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001WW1"/>
        </identifiers>
        <balance>240850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>520360.72000000</valUSD>
        <pctVal>0.098394521568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHUI CONCH CEMENT COMPANY LIMITED</name>
        <lei>529900HS6X8TTV0FHV63</lei>
        <title>ANHUI CONCH CEMENT CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019V8"/>
        </identifiers>
        <balance>465873.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>3487579.56000000</valUSD>
        <pctVal>0.659463155167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wus Printed Circuit Kunshan Co Ltd</name>
        <lei>N/A</lei>
        <title>WUS PRINTED CIRCUIT KUNSHA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SP5"/>
        </identifiers>
        <balance>199850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>706342.61000000</valUSD>
        <pctVal>0.133561663097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUNDA Holding CO., Ltd.</name>
        <lei>300300YSHTUKQFZYWD77</lei>
        <title>YUNDA HOLDING CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000015"/>
        </identifiers>
        <balance>279416.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>966604.82000000</valUSD>
        <pctVal>0.182774400821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Juhua Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG JUHUA CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WQ6"/>
        </identifiers>
        <balance>318100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>310099.96000000</valUSD>
        <pctVal>0.058636511231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Haige Communications Group Incorporated Company</name>
        <lei>300300DDUUICKXUNQI85</lei>
        <title>GUANGZHOU HAIGE COMMUNICAT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000T24"/>
        </identifiers>
        <balance>267165.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>489139.41000000</valUSD>
        <pctVal>0.092490913278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fujian Sunner Development Co., Ltd.</name>
        <lei>300300O2MSF659DM5M44</lei>
        <title>FUJIAN SUNNER DEVELOPMENT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000G78"/>
        </identifiers>
        <balance>144189.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>591628.31000000</valUSD>
        <pctVal>0.111870443465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Enterprise Company Limited</name>
        <lei>300300WE2BSMMTGELK61</lei>
        <title>CHINA ENTERPRISE CO LTD - A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000B42"/>
        </identifiers>
        <balance>470878.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>271157.51000000</valUSD>
        <pctVal>0.051272919804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Jingsheng Mechanical &amp; Electrical Co Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG JINGSHENG MECHANI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001DJ8"/>
        </identifiers>
        <balance>148791.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>520829.02000000</valUSD>
        <pctVal>0.098483071976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF CHINA LIMITED</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>BANK OF CHINA LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001N05"/>
        </identifiers>
        <balance>4070300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2004123.52000000</valUSD>
        <pctVal>0.378957840848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHACHA FOOD COMPANY, LIMITED</name>
        <lei>300300AJZ9YPIRBJZN87</lei>
        <title>CHACHA FOOD CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010Q5"/>
        </identifiers>
        <balance>58796.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>450801.92000000</valUSD>
        <pctVal>0.085241713172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ninestar Corporation</name>
        <lei>N/A</lei>
        <title>NINESTAR CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007W9"/>
        </identifiers>
        <balance>2200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>10244.00000000</valUSD>
        <pctVal>0.001937028373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guoxuan High-tech Co., Ltd.</name>
        <lei>300300J1NKV8ZBF0KN15</lei>
        <title>GOTION HIGH-TECH CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NY7"/>
        </identifiers>
        <balance>130890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>497058.84000000</valUSD>
        <pctVal>0.093988390885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Sinnet Technology Co Ltd</name>
        <lei>300300MM9YV3NQUC5B37</lei>
        <title>BEIJING SINNET TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001S16"/>
        </identifiers>
        <balance>178700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>659150.22000000</valUSD>
        <pctVal>0.124638098237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Songcheng Performance Development Co Ltd</name>
        <lei>N/A</lei>
        <title>SONGCHENG PERFORMANCE DEVE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000XG4"/>
        </identifiers>
        <balance>302924.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>741478.58000000</valUSD>
        <pctVal>0.140205490783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hengtong Optic-Electric CO.,LTD</name>
        <lei>N/A</lei>
        <title>HENGTONG OPTIC-ELECTRIC CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FQ9"/>
        </identifiers>
        <balance>220615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>512226.97000000</valUSD>
        <pctVal>0.096856518392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Company Limited</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PETROCHINA CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007Q1"/>
        </identifiers>
        <balance>2501595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1483029.68000000</valUSD>
        <pctVal>0.280424694305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foxconn Industrial Internet Co Ltd</name>
        <lei>N/A</lei>
        <title>FOXCONN INDUSTRIAL INTERNE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031P3"/>
        </identifiers>
        <balance>690212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1479496.56000000</valUSD>
        <pctVal>0.279756619951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOE Technology Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BOE TECHNOLOGY GROUP CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000016L5"/>
        </identifiers>
        <balance>3944580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2606372.41000000</valUSD>
        <pctVal>0.492836519847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Buchang Pharmaceuticals Co Ltd</name>
        <lei>N/A</lei>
        <title>SHANDONG BUCHANG PHARMACEU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FV6"/>
        </identifiers>
        <balance>95249.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>388798.93000000</valUSD>
        <pctVal>0.073517625818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Meheco Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA MEHECO CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000Q29"/>
        </identifiers>
        <balance>123800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>247853.98000000</valUSD>
        <pctVal>0.046866477125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited</name>
        <lei>529900ROARJHMUIME057</lei>
        <title>GUANGZHOU BAIYUNSHAN PHAR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001733"/>
        </identifiers>
        <balance>162939.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>745331.66000000</valUSD>
        <pctVal>0.140934066074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Betta Pharmaceuticals Co Ltd</name>
        <lei>N/A</lei>
        <title>BETTA PHARMACEUTICALS CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002DD9"/>
        </identifiers>
        <balance>46500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>920953.63000000</valUSD>
        <pctVal>0.174142260027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUAYU Automotive Systems Company Limited</name>
        <lei>3003001J2BNVV78BOT83</lei>
        <title>HUAYU AUTOMOTIVE SYSTEMS -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000M15"/>
        </identifiers>
        <balance>365279.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1074479.21000000</valUSD>
        <pctVal>0.203172268273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weihai Guangwei Composites Co Ltd</name>
        <lei>N/A</lei>
        <title>WEIHAI GUANGWEI COMPOSITES-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000034T9"/>
        </identifiers>
        <balance>60020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>532709.08000000</valUSD>
        <pctVal>0.100729461404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHANGZHOU PIENTZEHUANG PHARMACEUTICAL.LTD</name>
        <lei>N/A</lei>
        <title>ZHANGZHOU PIENTZEHUANG PHA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001F21"/>
        </identifiers>
        <balance>69950.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1684975.77000000</valUSD>
        <pctVal>0.318610491473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE HOLDINGS CO.,LTD</name>
        <lei>300300T3ACALX7NIPW13</lei>
        <title>CHINA MERCHANTS SHEKOU IND-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FC6"/>
        </identifiers>
        <balance>764198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1777569.26000000</valUSD>
        <pctVal>0.336118907844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GD POWER DEVELOPMENT CO., LTD.</name>
        <lei>300300BVGPH64Z7BNK97</lei>
        <title>GD POWER DEVELOPMENT CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000PC0"/>
        </identifiers>
        <balance>2276900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>595983.87000000</valUSD>
        <pctVal>0.112694032229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Kangtai Biological Products Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>SHENZHEN KANGTAI BIOLOGICA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002Q33"/>
        </identifiers>
        <balance>74808.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1716368.76000000</valUSD>
        <pctVal>0.324546562573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GF Securities Company Limited</name>
        <lei>3003007E0Y3ZJ5HNA936</lei>
        <title>GF SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000008L2"/>
        </identifiers>
        <balance>685928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1370351.72000000</valUSD>
        <pctVal>0.259118524298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China TransInfo Technology Co., Ltd</name>
        <lei>N/A</lei>
        <title>CHINA TRANSINFO TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MJ1"/>
        </identifiers>
        <balance>172800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>586533.48000000</valUSD>
        <pctVal>0.110907066828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Weixing New Building Materials Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG WEIXING NEW BUILD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MK9"/>
        </identifiers>
        <balance>182315.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>299999.78000000</valUSD>
        <pctVal>0.056726677647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang CONBA Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG CONBA PHARMACEUTI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001H86"/>
        </identifiers>
        <balance>309100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>240536.24000000</valUSD>
        <pctVal>0.045482772517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGEL YEAST CO., LTD</name>
        <lei>3003002K1DZ78FXZXI48</lei>
        <title>ANGEL YEAST CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000014G0"/>
        </identifiers>
        <balance>95510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>668647.70000000</valUSD>
        <pctVal>0.126433967842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Northern Rare Earth (Group) High-Tech Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA NORTHERN RARE EARTH -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000T18"/>
        </identifiers>
        <balance>421021.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>555185.98000000</valUSD>
        <pctVal>0.104979597390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chengdu Kanghong Pharmaceutical Group Co., Ltd</name>
        <lei>N/A</lei>
        <title>CHENGDU KANGHONG PHARMACEU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000020C4"/>
        </identifiers>
        <balance>84539.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>593277.12000000</valUSD>
        <pctVal>0.112182215405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toly Bread Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TOLY BREAD CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002524"/>
        </identifiers>
        <balance>63640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>458227.81000000</valUSD>
        <pctVal>0.086645867762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WINGTECH TECHNOLOGY CO., LTD</name>
        <lei>N/A</lei>
        <title>WINGTECH TECHNOLOGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000M72"/>
        </identifiers>
        <balance>108500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1933511.37000000</valUSD>
        <pctVal>0.365605855487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUNEYAO AIRLINES Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JUNEYAO AIRLINES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001ZY0"/>
        </identifiers>
        <balance>189820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>244400.55000000</valUSD>
        <pctVal>0.046213471278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Longsheng Group Co., Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG LONGSHENG GROUP C-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FJ4"/>
        </identifiers>
        <balance>376971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>682177.37000000</valUSD>
        <pctVal>0.128992280481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Shiji Information Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BEIJING SHIJI INFORMATION -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000668"/>
        </identifiers>
        <balance>103085.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>569262.86000000</valUSD>
        <pctVal>0.107641381455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU YUYUE MEDICAL EQUIPMENT &amp; SUPPLY CO., LTD.</name>
        <lei>N/A</lei>
        <title>JIANGSU YUYUE MEDICAL EQU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009X3"/>
        </identifiers>
        <balance>116136.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>598118.27000000</valUSD>
        <pctVal>0.113097623928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Air China Limited</name>
        <lei>213800I9TWC9K22N4502</lei>
        <title>AIR CHINA LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NN0"/>
        </identifiers>
        <balance>769536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>719696.22000000</valUSD>
        <pctVal>0.136086684715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANAN OPTOELECTRONICS CO., LTD.</name>
        <lei>N/A</lei>
        <title>SANAN OPTOELECTRONICS CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000KB3"/>
        </identifiers>
        <balance>472531.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1671433.62000000</valUSD>
        <pctVal>0.316049819003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Angang Steel Company Limited</name>
        <lei>213800QMMVMR3ABCKL62</lei>
        <title>ANGANG STEEL CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000SQ4"/>
        </identifiers>
        <balance>617511.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>214057.08000000</valUSD>
        <pctVal>0.040475852933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIENT SECURITIES COMPANY LIMITED</name>
        <lei>300300E1005131000066</lei>
        <title>ORIENT SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001ZV6"/>
        </identifiers>
        <balance>691335.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>928268.42000000</valUSD>
        <pctVal>0.175525406822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goertek Inc.</name>
        <lei>300300FEEFS8BQPXIV57</lei>
        <title>GOERTEK INC -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000BP1"/>
        </identifiers>
        <balance>376014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1561992.29000000</valUSD>
        <pctVal>0.295355660334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inner Mongolia Baotou Steel Union Co., Ltd</name>
        <lei>3003005DKNZILXCEDH07</lei>
        <title>INNER MONGOLIA BAOTOU STE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017H1"/>
        </identifiers>
        <balance>5282000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>807125.32000000</valUSD>
        <pctVal>0.152618571414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CHINT ELECTRICS CO., LTD</name>
        <lei>N/A</lei>
        <title>ZHEJIANG CHINT ELECTRICS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000KD8"/>
        </identifiers>
        <balance>249158.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>928911.37000000</valUSD>
        <pctVal>0.175646981636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wanhua Chemical Group Co., Ltd.</name>
        <lei>3003002H0G2KDG6CR124</lei>
        <title>WANHUA CHEMICAL GROUP CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000016J9"/>
        </identifiers>
        <balance>365708.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2586642.56000000</valUSD>
        <pctVal>0.489105820974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inspur Electronic Information Industry Co., Ltd.</name>
        <lei>3003002K6ZLEBRGRI729</lei>
        <title>INSPUR ELECTRONIC INFORMAT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012M2"/>
        </identifiers>
        <balance>167336.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>927625.41000000</valUSD>
        <pctVal>0.175403820663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Dabeinong Technology Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BEIJING DABEINONG TECHNOLO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N61"/>
        </identifiers>
        <balance>486100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>626560.22000000</valUSD>
        <pctVal>0.118475685636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANXI SECURITIES CO., LTD.</name>
        <lei>300300E1007214000085</lei>
        <title>SHANXI SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WJ0"/>
        </identifiers>
        <balance>327745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>303272.23000000</valUSD>
        <pctVal>0.057345462155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN SECURITIES CO., LTD.</name>
        <lei>300300E1010661000039</lei>
        <title>WESTERN SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001D96"/>
        </identifiers>
        <balance>405725.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>468425.74000000</valUSD>
        <pctVal>0.088574184802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tonghua Dongbao Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TONGHUA DONGBAO PHARMACEUT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000H87"/>
        </identifiers>
        <balance>7100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>17509.53000000</valUSD>
        <pctVal>0.003310860641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Chemical Engineering Co., Ltd</name>
        <lei>300300PQKHJ03AUIIX32</lei>
        <title>CHINA NATIONAL CHEMICAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000KC0"/>
        </identifiers>
        <balance>571639.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>443221.92000000</valUSD>
        <pctVal>0.083808418065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huaxi Securities Co., Ltd.</name>
        <lei>300300D66HSOBZQCV606</lei>
        <title>HUAXI SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000033J2"/>
        </identifiers>
        <balance>304131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>457417.50000000</valUSD>
        <pctVal>0.086492647003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kweichow Moutai Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KWEICHOW MOUTAI CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
        </identifiers>
        <balance>146348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>30291049.09000000</valUSD>
        <pctVal>5.727706124712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AECC AVIATION POWER CO,LTD</name>
        <lei>N/A</lei>
        <title>AECC AVIATION POWER CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JW1"/>
        </identifiers>
        <balance>260705.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>866096.48000000</valUSD>
        <pctVal>0.163769372871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Changzhou Xingyu Automotive Lighting Systems Co Ltd</name>
        <lei>N/A</lei>
        <title>CHANGZHOU XINGYU AUTOMOTIV-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000011H2"/>
        </identifiers>
        <balance>32001.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>575024.16000000</valUSD>
        <pctVal>0.108730780281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co., Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>BANK OF COMMUNICATIONS CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000S2"/>
        </identifiers>
        <balance>4572214.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>3318659.80000000</valUSD>
        <pctVal>0.627522275832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA JUSHI CO., LTD</name>
        <lei>300300JZBQ0FKI1TDH04</lei>
        <title>CHINA JUSHI CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000YM1"/>
        </identifiers>
        <balance>405796.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>525348.72000000</valUSD>
        <pctVal>0.099337697820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inner Mongolia First Machinery Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>INNER MONGOLIA FIRST MACHI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001HP7"/>
        </identifiers>
        <balance>195772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>287796.13000000</valUSD>
        <pctVal>0.054419100889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SDIC Capital Co., Ltd.</name>
        <lei>300300N4DUANLOST1I04</lei>
        <title>SDIC CAPITAL CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000Q11"/>
        </identifiers>
        <balance>408152.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>735138.48000000</valUSD>
        <pctVal>0.139006647207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUYAO GLASS INDUSTRY GROUP CO.,LTD.</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>FUYAO GLASS INDUSTRY GROUP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000230"/>
        </identifiers>
        <balance>232089.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>685323.82000000</valUSD>
        <pctVal>0.129587239767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Southern Airlines Company Limited</name>
        <lei>529900AJQ1Q18ABYVX84</lei>
        <title>CHINA SOUTHERN AIRLINES CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FG0"/>
        </identifiers>
        <balance>1073102.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>784965.14000000</valUSD>
        <pctVal>0.148428323717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wonders Information Co., Ltd.</name>
        <lei>300300K8XDZQU1VNE177</lei>
        <title>WONDERS INFORMATION CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000ZD6"/>
        </identifiers>
        <balance>135952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>424528.41000000</valUSD>
        <pctVal>0.080273679754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jilin Aodong Pharmaceutical Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JILIN AODONG PHARMACEUTICA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000719"/>
        </identifiers>
        <balance>134755.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>299911.03000000</valUSD>
        <pctVal>0.056709895992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CENTURY HUATONG GROUP CO., LTD</name>
        <lei>N/A</lei>
        <title>ZHEJIANG CENTURY HUATONG -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015R2"/>
        </identifiers>
        <balance>481000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1041931.31000000</valUSD>
        <pctVal>0.197017816322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEALAND SECURITIES CO., LTD.</name>
        <lei>N/A</lei>
        <title>SEALAND SECURITIES CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000008K4"/>
        </identifiers>
        <balance>630877.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>387394.32000000</valUSD>
        <pctVal>0.073252029427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TianJin 712 Communication &amp; Broadcasting Co Ltd</name>
        <lei>N/A</lei>
        <title>TIANJIN712 COMMUNICATION &amp;-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000030X9"/>
        </identifiers>
        <balance>89440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>485686.00000000</valUSD>
        <pctVal>0.091837911213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joincare Pharmaceutical Group Industry Co.,Ltd.</name>
        <lei>3003006PUWUKPH72TS46</lei>
        <title>JOINCARE PHARMACEUTICAL GR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001816"/>
        </identifiers>
        <balance>225434.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>517993.44000000</valUSD>
        <pctVal>0.097946894808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Tiantan Biological Products Corporation Limited</name>
        <lei>N/A</lei>
        <title>BEIJING TIANTAN BIOLOGICAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WF9"/>
        </identifiers>
        <balance>121128.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>776871.32000000</valUSD>
        <pctVal>0.146897870867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Beijing Co., Ltd.</name>
        <lei>300300C1080211000042</lei>
        <title>BANK OF BEIJING CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000734"/>
        </identifiers>
        <balance>2449852.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1698457.76000000</valUSD>
        <pctVal>0.321159788345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Everbright Securities Company Limited</name>
        <lei>300300631H57L451WO11</lei>
        <title>EVERBRIGHT SECURITIE CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FD8"/>
        </identifiers>
        <balance>452633.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1028514.87000000</valUSD>
        <pctVal>0.194480914238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG DAHUA TECHNOLOGY CO., LTD.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG DAHUA TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000BJ4"/>
        </identifiers>
        <balance>348563.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>947387.11000000</valUSD>
        <pctVal>0.179140542022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG HUALU-HENGSHENG CHEMICAL CO.,LTD</name>
        <lei>N/A</lei>
        <title>SHANDONG HUALU HENGSHENG-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001BM7"/>
        </identifiers>
        <balance>188457.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>471425.81000000</valUSD>
        <pctVal>0.089141465231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weichai Power Co., Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>WEICHAI POWER CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000D4"/>
        </identifiers>
        <balance>694169.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1347529.08000000</valUSD>
        <pctVal>0.254803012659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daqin Railway Co., Ltd.</name>
        <lei>30030098LARO7YWJL882</lei>
        <title>DAQIN RAILWAY CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NG4"/>
        </identifiers>
        <balance>1722610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1715846.54000000</valUSD>
        <pctVal>0.324447816482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gree Electric Appliances, Inc. of Zhuhai</name>
        <lei>N/A</lei>
        <title>GREE ELECTRIC APPLIANCES I-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
        </identifiers>
        <balance>350333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2804051.90000000</valUSD>
        <pctVal>0.530215549614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SG Micro Corp</name>
        <lei>N/A</lei>
        <title>SG MICRO CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002NT4"/>
        </identifiers>
        <balance>17995.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>776679.25000000</valUSD>
        <pctVal>0.146861552531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oriental Pearl Group Co.,Ltd.</name>
        <lei>300300SLCK1GUH5KK558</lei>
        <title>ORIENTAL PEARL GROUP CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000004Z1"/>
        </identifiers>
        <balance>395606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>540143.31000000</valUSD>
        <pctVal>0.102135192997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Visionox Technology Inc.</name>
        <lei>N/A</lei>
        <title>VISIONOX TECHNOLOGY INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N46"/>
        </identifiers>
        <balance>158460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>320159.71000000</valUSD>
        <pctVal>0.060538699944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai M&amp;G Stationery Inc</name>
        <lei>N/A</lei>
        <title>SHANGHAI M&amp;G STATIONERY IN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001V60"/>
        </identifiers>
        <balance>106606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>823555.95000000</valUSD>
        <pctVal>0.155725423865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Wondfo Biotech Co Ltd</name>
        <lei>N/A</lei>
        <title>GUANGZHOU WONDFO BIOTECH C-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002102"/>
        </identifiers>
        <balance>39740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>584763.18000000</valUSD>
        <pctVal>0.110572322458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA AVIONICS SYSTEMS CO., LTD.</name>
        <lei>N/A</lei>
        <title>CHINA AVIONICS SYSTEMS CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018C0"/>
        </identifiers>
        <balance>169925.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>320243.50000000</valUSD>
        <pctVal>0.060554543716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hengyi Petrochemical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>HENGYI PETROCHEMICAL CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000001J1"/>
        </identifiers>
        <balance>428090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>552999.43000000</valUSD>
        <pctVal>0.104566144697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA PACIFIC INSURANCE (GROUP) CO., LTD.</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>CHINA PACIFIC INSURANCE GR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008M8"/>
        </identifiers>
        <balance>732338.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2823559.19000000</valUSD>
        <pctVal>0.533904164824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guocheng Mining Co Ltd</name>
        <lei>N/A</lei>
        <title>GUOCHENG MINING CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000003F5"/>
        </identifiers>
        <balance>131810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>345575.23000000</valUSD>
        <pctVal>0.065344496835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUATAI SECURITIES CO.,LTD.</name>
        <lei>3003009ABT0UCWO79Q77</lei>
        <title>HUATAI SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000LQ8"/>
        </identifiers>
        <balance>857095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2279846.63000000</valUSD>
        <pctVal>0.431094065684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Shanghai Co., Ltd.</name>
        <lei>300300C1091231000098</lei>
        <title>BANK OF SHANGHAI CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FM5"/>
        </identifiers>
        <balance>1646186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1933195.68000000</valUSD>
        <pctVal>0.365546161960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Fuling Zhacai Group Co Ltd</name>
        <lei>N/A</lei>
        <title>CHONGQING FULING ZHACAI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WX1"/>
        </identifiers>
        <balance>91500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>466190.09000000</valUSD>
        <pctVal>0.088151447836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China South Publishing &amp; Media Group Co Ltd</name>
        <lei>N/A</lei>
        <title>CHINA SOUTH PUBLISHING -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000W03"/>
        </identifiers>
        <balance>208111.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>311529.75000000</valUSD>
        <pctVal>0.058906868884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuliangye Yibin Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WULIANGYE YIBIN CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000VQ8"/>
        </identifiers>
        <balance>452122.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>10946498.76000000</valUSD>
        <pctVal>2.069863206306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.</name>
        <lei>3003000T24CMHQ382Y71</lei>
        <title>HANGZHOU HIKVISION DIGITAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000PM8"/>
        </identifiers>
        <balance>1088557.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>4674430.33000000</valUSD>
        <pctVal>0.883883656559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzhou Dongshan Precision Manufacturing Co., Ltd</name>
        <lei>300300PUYVPZAJYVAE50</lei>
        <title>SUZHOU DONGSHAN PRECISION-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N79"/>
        </identifiers>
        <balance>186192.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>788999.38000000</valUSD>
        <pctVal>0.149191154383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Energy Shipping Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA MERCHANTS ENERGY -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001PQ8"/>
        </identifiers>
        <balance>781000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>644226.24000000</valUSD>
        <pctVal>0.121816136825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oppein Home Group Inc.</name>
        <lei>N/A</lei>
        <title>OPPEIN HOME GROUP INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RB3"/>
        </identifiers>
        <balance>32491.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>532801.37000000</valUSD>
        <pctVal>0.100746912434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Medicines Corporation Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA NATIONAL MEDICINES-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001D56"/>
        </identifiers>
        <balance>87400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>502926.39000000</valUSD>
        <pctVal>0.095097880424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN LANGUANG DEVELOPMENT CO., LTD.</name>
        <lei>N/A</lei>
        <title>SICHUAN LANGUANG DEVELOPME-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017B4"/>
        </identifiers>
        <balance>349088.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>266221.12000000</valUSD>
        <pctVal>0.050339502439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anhui Kouzi Distillery Co Ltd</name>
        <lei>N/A</lei>
        <title>ANHUI KOUZI DISTILLERY CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022S6"/>
        </identifiers>
        <balance>69500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>500519.97000000</valUSD>
        <pctVal>0.094642852718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIASUN Robot &amp; Automation Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SIASUN ROBOT &amp; AUTOMATION-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GH7"/>
        </identifiers>
        <balance>180783.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>349659.17000000</valUSD>
        <pctVal>0.066116725228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hundsun Technologies Inc.</name>
        <lei>3003003LS77D1DRDDE25</lei>
        <title>HUNDSUN TECHNOLOGIES INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GD5"/>
        </identifiers>
        <balance>120969.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1843353.44000000</valUSD>
        <pctVal>0.348557976877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sansteel Minguang Co., Ltd.,Fujian</name>
        <lei>N/A</lei>
        <title>SANSTEEL MINGUANG CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001QF9"/>
        </identifiers>
        <balance>284095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>267705.10000000</valUSD>
        <pctVal>0.050620106828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Zhongtian Technology Co., Ltd.</name>
        <lei>3003006LG5TV3D5D3508</lei>
        <title>JIANGSU ZHONGTIAN TECHNOLO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CW4"/>
        </identifiers>
        <balance>355296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>575591.84000000</valUSD>
        <pctVal>0.108838122361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited</name>
        <lei>N/A</lei>
        <title>INNER MONGOLIA MENGDIAN HU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000GN6"/>
        </identifiers>
        <balance>673000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>234244.28000000</valUSD>
        <pctVal>0.044293031688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JONJEE HI-TECH INDUSTRIAL AND COMMERCIAL HOLDING CO.,LTD</name>
        <lei>3003004VPK0KK2I9LF35</lei>
        <title>JONJEE HIGH-TECH INDUSTRIA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000HK0"/>
        </identifiers>
        <balance>92314.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>764477.86000000</valUSD>
        <pctVal>0.144554403114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianqi Lithium Corporation</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
        <title>TIANQI LITHIUM CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000T32"/>
        </identifiers>
        <balance>171109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>555615.51000000</valUSD>
        <pctVal>0.105060816816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yanzhou Coal Mining Company Limited</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>YANZHOU COAL MINING CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WV6"/>
        </identifiers>
        <balance>285800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>354229.85000000</valUSD>
        <pctVal>0.066980990832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Railway Group Limited</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>CHINA RAILWAY GROUP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000866"/>
        </identifiers>
        <balance>2359600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1675949.49000000</valUSD>
        <pctVal>0.316903720635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huadian Power International Corporation Limited</name>
        <lei>529900207FCOKWBDRE79</lei>
        <title>HUADIAN POWER INTL CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001LJ2"/>
        </identifiers>
        <balance>786585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>380619.11000000</valUSD>
        <pctVal>0.071970911309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tsingtao Brewery Company Limited</name>
        <lei>5299001HPFTEVOPKOQ55</lei>
        <title>TSINGTAO BREWERY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000009Y3"/>
        </identifiers>
        <balance>80624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>872659.05000000</valUSD>
        <pctVal>0.165010283091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongfa Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>HONGFA TECHNOLOGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JK6"/>
        </identifiers>
        <balance>86300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>489880.94000000</valUSD>
        <pctVal>0.092631128492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD COMPANY LIMITED</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
        </identifiers>
        <balance>210104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2134408.72000000</valUSD>
        <pctVal>0.403593347389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Buchang Pharmaceuticals Co Ltd</name>
        <lei>N/A</lei>
        <title>SHANDONG BUCHANG PHARMACEU-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FV6"/>
        </identifiers>
        <balance>37011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>151075.99000000</valUSD>
        <pctVal>0.028566817565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pharmaceuticals Holding Co., Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>SHANGHAI PHARMACEUTICALS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000C82"/>
        </identifiers>
        <balance>222859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>579554.80000000</valUSD>
        <pctVal>0.109587474758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IFLYTEK CO., LTD</name>
        <lei>3003000T23C63KVWOH32</lei>
        <title>IFLYTEK CO LTD - A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000B81"/>
        </identifiers>
        <balance>254770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1349232.94000000</valUSD>
        <pctVal>0.255125193952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Gold Mining Co., Ltd.</name>
        <lei>300300KC2K8BC07OSV77</lei>
        <title>SHANDONG GOLD MINING CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FR7"/>
        </identifiers>
        <balance>301231.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1560762.51000000</valUSD>
        <pctVal>0.295123122384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joyoung Co., Ltd</name>
        <lei>N/A</lei>
        <title>JOYOUNG CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000BQ9"/>
        </identifiers>
        <balance>88924.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>468918.32000000</valUSD>
        <pctVal>0.088667326294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>360 Security Technology Inc</name>
        <lei>N/A</lei>
        <title>360 SECURITY TECHNOLOGY IN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RZ2"/>
        </identifiers>
        <balance>261299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>676931.79000000</valUSD>
        <pctVal>0.128000398668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVICOPTER PLC</name>
        <lei>N/A</lei>
        <title>AVICOPTER PLC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015V6"/>
        </identifiers>
        <balance>68300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>396884.58000000</valUSD>
        <pctVal>0.075046533809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIC Aircraft Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AVIC AIRCRAFT CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000RF9"/>
        </identifiers>
        <balance>320834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>805290.96000000</valUSD>
        <pctVal>0.152271713999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Shipbuilding Industry Company Limited</name>
        <lei>N/A</lei>
        <title>CHINA SHIPBUILDING INDUSTR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000J75"/>
        </identifiers>
        <balance>2642099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1495298.50000000</valUSD>
        <pctVal>0.282744593997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Soochow Securities Co., Ltd.</name>
        <lei>300300E1008532000098</lei>
        <title>SOOCHOW SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019P8"/>
        </identifiers>
        <balance>451893.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>521728.54000000</valUSD>
        <pctVal>0.098653161371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XCMG Construction Machinery Co., Ltd.</name>
        <lei>N/A</lei>
        <title>XCMG CONSTRUCTION MACHIN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000FH0"/>
        </identifiers>
        <balance>907687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>759001.12000000</valUSD>
        <pctVal>0.143518811473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Tourism Group Duty Free Corporation Limited</name>
        <lei>N/A</lei>
        <title>CHINA TOURISM GROUP DUTY F-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000G29"/>
        </identifiers>
        <balance>227407.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>4955961.97000000</valUSD>
        <pctVal>0.937118210896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANY HEAVY INDUSTRY CO., LTD</name>
        <lei>3003001FS86S7NYOHV89</lei>
        <title>SANY HEAVY INDUSTRY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001F70"/>
        </identifiers>
        <balance>981553.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2605346.01000000</valUSD>
        <pctVal>0.492642438831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GANFENG LITHIUM CO., LTD.</name>
        <lei>3003006BE6UOHWEOOR42</lei>
        <title>GANFENG LITHIUM CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SF6"/>
        </identifiers>
        <balance>126565.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>959299.22000000</valUSD>
        <pctVal>0.181392991754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Juewei Food Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JUEWEI FOOD CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RT5"/>
        </identifiers>
        <balance>70500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>705623.43000000</valUSD>
        <pctVal>0.133425674024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Pacific Securities Co., Ltd.</name>
        <lei>3003000RM76TNJFFR402</lei>
        <title>PACIFIC SECURITIES CO/THE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008V9"/>
        </identifiers>
        <balance>789800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>354238.05000000</valUSD>
        <pctVal>0.066982541362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOYUAN SECURITIES COMPANY LIMITED</name>
        <lei>300300E1007634000094</lei>
        <title>GUOYUAN SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000QZ9"/>
        </identifiers>
        <balance>389923.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>463422.33000000</valUSD>
        <pctVal>0.087628094688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAIC Motor Corporation Limited</name>
        <lei>300300F1009131000012</lei>
        <title>SAIC MOTOR CORP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TY6"/>
        </identifiers>
        <balance>907327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2181102.29000000</valUSD>
        <pctVal>0.412422590843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUAAN SECURITIES CO., LTD.</name>
        <lei>300300E1008234000093</lei>
        <title>HUAAN SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GR2"/>
        </identifiers>
        <balance>419554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>405440.74000000</valUSD>
        <pctVal>0.076664410097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianma Microelectronics Co., Ltd.</name>
        <lei>300300KWFVVYL0LL8S83</lei>
        <title>TIANMA MICROELECTRONICS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000HT1"/>
        </identifiers>
        <balance>237278.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>515664.83000000</valUSD>
        <pctVal>0.097506580122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fangda Carbon New Material Co., Ltd.</name>
        <lei>300300O5JPB0SVAI9Q63</lei>
        <title>FANGDA CARBON NEW MATERIAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CC6"/>
        </identifiers>
        <balance>440985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>391834.15000000</valUSD>
        <pctVal>0.074091552727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Oriental Yuhong Waterproof Technology Co., Ltd.</name>
        <lei>300300XMIXB7STDZWT60</lei>
        <title>BEIJING ORIENTAL YUHONG-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000CS3"/>
        </identifiers>
        <balance>181891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1045627.16000000</valUSD>
        <pctVal>0.197716661139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Zhangjiang Hi-Tech Park Development Co.,Ltd</name>
        <lei>N/A</lei>
        <title>SHANGHAI ZHANGJIANG HIGH-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JX9"/>
        </identifiers>
        <balance>179416.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>517095.81000000</valUSD>
        <pctVal>0.097777162791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA GREATWALL TECHNOLOGY GROUP CO., LTD.</name>
        <lei>300300F9K0AHRKFBOK05</lei>
        <title>CHINA GREATWALL TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000RL7"/>
        </identifiers>
        <balance>339300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>633689.65000000</valUSD>
        <pctVal>0.119823782883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nanyang Topsec Technologies Group Inc.</name>
        <lei>N/A</lei>
        <title>NANYANG TOPSEC TECHNOLOGIE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009B9"/>
        </identifiers>
        <balance>134270.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>504955.13000000</valUSD>
        <pctVal>0.095481492972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Yanjing Brewery Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BEIJING YANJING BREWERY CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000S84"/>
        </identifiers>
        <balance>326624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>316561.06000000</valUSD>
        <pctVal>0.059858234583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzhou Gold Mantis Construction Decoration Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SUZHOU GOLD MANTIS CONSTR -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P86"/>
        </identifiers>
        <balance>311041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>345906.73000000</valUSD>
        <pctVal>0.065407179860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NARI Technology Co., Ltd.</name>
        <lei>3003006IGH1W58MAQM05</lei>
        <title>NARI TECHNOLOGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001G38"/>
        </identifiers>
        <balance>535533.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1534369.96000000</valUSD>
        <pctVal>0.290132579804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Baosight Software Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHANGHAI BAOSIGHT SOFTWARE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000C66"/>
        </identifiers>
        <balance>97718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>816834.13000000</valUSD>
        <pctVal>0.154454401211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transfar Zhilian Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TRANSFAR ZHILIAN CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001JS7"/>
        </identifiers>
        <balance>377479.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>290543.07000000</valUSD>
        <pctVal>0.054938517203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guanghui Energy Co., Ltd.</name>
        <lei>300300763Q4WLOKZPD04</lei>
        <title>GUANGHUI ENERGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012G4"/>
        </identifiers>
        <balance>787205.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>300725.62000000</valUSD>
        <pctVal>0.056863926053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuhu Token Sciences Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WUHU TOKEN SCIENCE CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000QP9"/>
        </identifiers>
        <balance>282700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>447984.15000000</valUSD>
        <pctVal>0.084708903679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>IND &amp; COMM BK OF CHINA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P37"/>
        </identifiers>
        <balance>6281326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>4425878.60000000</valUSD>
        <pctVal>0.836885242539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GigaDevice Semiconductor Beijing Inc</name>
        <lei>N/A</lei>
        <title>GIGADEVICE SEMICONDUCTOR B-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000030S9"/>
        </identifiers>
        <balance>52073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1738112.05000000</valUSD>
        <pctVal>0.328657980931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China State Construction Engineering Corporation Limited</name>
        <lei>300300CWW8WOEV3BR645</lei>
        <title>CHINA STATE CONSTRUCTION -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000F46"/>
        </identifiers>
        <balance>4889606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>3299978.16000000</valUSD>
        <pctVal>0.623989782007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jinke Property Group Co., Ltd.</name>
        <lei>30030085B069LMR8O660</lei>
        <title>JINKE PROPERTIES GROUP CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000073"/>
        </identifiers>
        <balance>618720.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>714336.98000000</valUSD>
        <pctVal>0.135073311039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BTG Hotels (Group) Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BTG HOTELS GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012Q3"/>
        </identifiers>
        <balance>114475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>248944.96000000</valUSD>
        <pctVal>0.047072769512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DA AN GENE CO., LTD. OF SUN YAT-SEN UNIVERSITY</name>
        <lei>N/A</lei>
        <title>DA AN GENE CO LTD SUN YAT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KP1"/>
        </identifiers>
        <balance>101654.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>392362.65000000</valUSD>
        <pctVal>0.074191486298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BGI Genomics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BGI GENOMICS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003449"/>
        </identifiers>
        <balance>46320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1021789.28000000</valUSD>
        <pctVal>0.193209178719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S.F. Holding Co., Ltd.</name>
        <lei>N/A</lei>
        <title>S F HOLDING CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000L63"/>
        </identifiers>
        <balance>342797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2653036.10000000</valUSD>
        <pctVal>0.501660113319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Changjiang Securities Company Limited</name>
        <lei>300300E1003242000047</lei>
        <title>CHANGJIANG SECURITIES CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000SH3"/>
        </identifiers>
        <balance>640705.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>610993.84000000</valUSD>
        <pctVal>0.115532253410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hithink RoyalFlush Information Network Co., Ltd.</name>
        <lei>N/A</lei>
        <title>HITHINK ROYALFLUSH INFORMA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000JG3"/>
        </identifiers>
        <balance>62300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1173058.47000000</valUSD>
        <pctVal>0.221812528291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Galaxy Securities Co., Ltd.</name>
        <lei>3003008KFQXO06OK8582</lei>
        <title>CHINA GALAXY SECURITIES CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FG7"/>
        </identifiers>
        <balance>497949.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>808103.71000000</valUSD>
        <pctVal>0.152803574264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WENS FOODSTUFF GROUP CO., LTD.</name>
        <lei>3003005O7DXT61IXLJ96</lei>
        <title>WENS FOODSTUFFS GROUP CO - A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002508"/>
        </identifiers>
        <balance>742434.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2289987.79000000</valUSD>
        <pctVal>0.433011648138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China United Network Communications Limited</name>
        <lei>N/A</lei>
        <title>CHINA UNITED NETWORK-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CS2"/>
        </identifiers>
        <balance>2995820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2051539.57000000</valUSD>
        <pctVal>0.387923697369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GCL System Integration Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>GCL SYSTEM INTEGRATION TEC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WW3"/>
        </identifiers>
        <balance>588800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>217433.84000000</valUSD>
        <pctVal>0.041114361321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OFFSHORE OIL ENGINEERING CO.,LTD.</name>
        <lei>N/A</lei>
        <title>OFFSHORE OIL ENGINEERING-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019T2"/>
        </identifiers>
        <balance>512287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>329794.61000000</valUSD>
        <pctVal>0.062360554168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Gezhouba Group Company Limited</name>
        <lei>N/A</lei>
        <title>CHINA GEZHOUBA GROUP CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000QF1"/>
        </identifiers>
        <balance>533571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>449187.85000000</valUSD>
        <pctVal>0.084936510186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ovctek China Inc</name>
        <lei>N/A</lei>
        <title>OVCTEK CHINA INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002MR0"/>
        </identifiers>
        <balance>70300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>689696.44000000</valUSD>
        <pctVal>0.130414054390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haier Smart Home Co., Ltd.</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>HAIER SMART HOME CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000CG9"/>
        </identifiers>
        <balance>730968.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1830587.33000000</valUSD>
        <pctVal>0.346144045084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CITIC BANK CORPORATION LIMITED</name>
        <lei>300300C1030211000384</lei>
        <title>CHINA CITIC BANK CORP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000R4"/>
        </identifiers>
        <balance>657606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>479172.42000000</valUSD>
        <pctVal>0.090606264466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI YUYUAN TOURIST MART (GROUP) CO., LTD.</name>
        <lei>3003009LKEYMR1CGTI26</lei>
        <title>SHANGHAI YUYUAN TOURIST MA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000594"/>
        </identifiers>
        <balance>374969.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>470054.17000000</valUSD>
        <pctVal>0.088882103107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ningbo Tuopu Group Co Ltd</name>
        <lei>N/A</lei>
        <title>NINGBO TUOPU GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000023J3"/>
        </identifiers>
        <balance>122220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>482464.43000000</valUSD>
        <pctVal>0.091228747556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lens Technology Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>LENS TECHNOLOGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001YW7"/>
        </identifiers>
        <balance>328418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1302938.09000000</valUSD>
        <pctVal>0.246371344090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOPCHOICE MEDICAL CORPORATION</name>
        <lei>N/A</lei>
        <title>TOPCHOICE MEDICAL CORPORAT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000MZ8"/>
        </identifiers>
        <balance>37106.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>875549.87000000</valUSD>
        <pctVal>0.165556905539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenwan Hongyuan Group Co., Ltd.</name>
        <lei>300300E1012465000025</lei>
        <title>SHENWAN HONGYUAN GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FD4"/>
        </identifiers>
        <balance>2611281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1865794.50000000</valUSD>
        <pctVal>0.352801335911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bohai Leasing Co., Ltd.</name>
        <lei>300300EGZP889NPOT790</lei>
        <title>BOHAI LEASING CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000009B1"/>
        </identifiers>
        <balance>716600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>302142.55000000</valUSD>
        <pctVal>0.057131852021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Will Semiconductor Co Ltd Shanghai</name>
        <lei>N/A</lei>
        <title>WILL SEMICONDUCTOR LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002XM8"/>
        </identifiers>
        <balance>67116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1917735.66000000</valUSD>
        <pctVal>0.362622841246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Film Co., Ltd.</name>
        <lei>3003009UJKOPLIVUPE53</lei>
        <title>CHINA FILM CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GX0"/>
        </identifiers>
        <balance>180321.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>334988.47000000</valUSD>
        <pctVal>0.063342656295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Ningbo Co., Ltd</name>
        <lei>300300C1092133000091</lei>
        <title>BANK OF NINGBO CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000005P7"/>
        </identifiers>
        <balance>699857.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2601286.60000000</valUSD>
        <pctVal>0.491874848793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Semir Garment Co Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG SEMIR GARMENT CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001104"/>
        </identifiers>
        <balance>260591.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>259936.55000000</valUSD>
        <pctVal>0.049151158979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Electric Group Company Limited</name>
        <lei>529900WHVV4GODE91T37</lei>
        <title>SHANGHAI ELECTRIC GRP CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000D55"/>
        </identifiers>
        <balance>940860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>670925.60000000</valUSD>
        <pctVal>0.126864693821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING TONGRENTANG CO., LTD</name>
        <lei>N/A</lei>
        <title>BEIJING TONGRENTANG CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000R69"/>
        </identifiers>
        <balance>158881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>609649.85000000</valUSD>
        <pctVal>0.115278119598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Capital Development Co., Ltd</name>
        <lei>3003003ULZB0DPMPJ698</lei>
        <title>BEIJING CAPITAL DEVELOPMEN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001782"/>
        </identifiers>
        <balance>298926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>247844.98000000</valUSD>
        <pctVal>0.046864775323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINGBO JOYSON ELECTRONIC CORP.</name>
        <lei>300300XPY07RUN7V4863</lei>
        <title>NINGBO JOYSON ELECTRONIC  -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DJ1"/>
        </identifiers>
        <balance>143375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>483005.02000000</valUSD>
        <pctVal>0.091330967214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOSEN SECURITIES CO., LTD.</name>
        <lei>254900SSGIWSMEOHDN82</lei>
        <title>GUOSEN SECURITIES CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001WS9"/>
        </identifiers>
        <balance>475116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>759620.93000000</valUSD>
        <pctVal>0.143636010766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Holdings Co., Ltd.</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING HOLDINGS CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000601"/>
        </identifiers>
        <balance>1121564.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>550645.83000000</valUSD>
        <pctVal>0.104121104675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI ELECTRIC POWER COMPANY LIMITED</name>
        <lei>3003009ZN0X3RFO4QY68</lei>
        <title>SHANGHAI ELECTRIC POWER CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001G53"/>
        </identifiers>
        <balance>303292.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>317549.55000000</valUSD>
        <pctVal>0.060045147232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINGYI iTECH (GUANGDONG) COMPANY</name>
        <lei>N/A</lei>
        <title>LINGYI ITECH GUANGDONG CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015L5"/>
        </identifiers>
        <balance>659200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>991446.50000000</valUSD>
        <pctVal>0.187471690845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNWODA ELECTRONIC CO., LTD</name>
        <lei>N/A</lei>
        <title>SUNWODA ELECTRONIC CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001260"/>
        </identifiers>
        <balance>181800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>486154.72000000</valUSD>
        <pctVal>0.091926541039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yifeng Pharmacy Chain Co., Ltd.</name>
        <lei>300300CZZIF44N1EZO06</lei>
        <title>YIFENG PHARMACY CHAIN CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TS5"/>
        </identifiers>
        <balance>61420.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>790806.13000000</valUSD>
        <pctVal>0.149532791050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuan Longping High-tech Agriculture Co., Ltd.</name>
        <lei>N/A</lei>
        <title>YUAN LONGPING HIGH-TECH AG-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001360"/>
        </identifiers>
        <balance>152588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>359462.37000000</valUSD>
        <pctVal>0.067970403142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Scientific Industrial (Shanghai) Co., Ltd.</name>
        <lei>N/A</lei>
        <title>UNIVERSAL SCIENTIFIC INDUS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001BZ8"/>
        </identifiers>
        <balance>168300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>520062.54000000</valUSD>
        <pctVal>0.098338138990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Property Operation &amp; Service Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA MERCHANTS PROPERTY O-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000H95"/>
        </identifiers>
        <balance>122875.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>534250.47000000</valUSD>
        <pctVal>0.101020921396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN SALUBRIS PHARMACEUTICALS CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHENZHEN SALUBRIS PHARM-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FW8"/>
        </identifiers>
        <balance>121165.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>508472.13000000</valUSD>
        <pctVal>0.096146519210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accelink Technologies Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ACCELINK TECHNOLOGIES CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000F87"/>
        </identifiers>
        <balance>78400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>364504.12000000</valUSD>
        <pctVal>0.068923742931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Focus Media Information Technology Co., Ltd.</name>
        <lei>300300V7WGZW0LZKTD06</lei>
        <title>FOCUS MEDIA INFORMATION TE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KK2"/>
        </identifiers>
        <balance>1700729.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1340321.96000000</valUSD>
        <pctVal>0.253440225083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shengyi Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHENGYI TECHNOLOGY CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000XL5"/>
        </identifiers>
        <balance>263716.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1092139.27000000</valUSD>
        <pctVal>0.206511592491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Mining Group Company Limited</name>
        <lei>300300C5004435000064</lei>
        <title>ZIJIN MINING GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000B24"/>
        </identifiers>
        <balance>2275742.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1416754.24000000</valUSD>
        <pctVal>0.267892733379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metallurgical Corporation of China Ltd.</name>
        <lei>3003002HS6H57JTIFW38</lei>
        <title>METALLURGICAL CORP OF CHIN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FX6"/>
        </identifiers>
        <balance>2068621.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>734638.14000000</valUSD>
        <pctVal>0.138912038385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU HENGRUI MEDICINE CO.,LTD.</name>
        <lei>N/A</lei>
        <title>JIANGSU HENGRUI MEDICINE C-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000014W7"/>
        </identifiers>
        <balance>618242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>8073819.33000000</valUSD>
        <pctVal>1.526670941269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG NHU COMPANY LTD.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG NHU CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001J84"/>
        </identifiers>
        <balance>248922.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1024884.89000000</valUSD>
        <pctVal>0.193794524717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NANJING CO., LTD.</name>
        <lei>300300C1086932000062</lei>
        <title>BANK OF NANJING CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000627"/>
        </identifiers>
        <balance>1159509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1202532.77000000</valUSD>
        <pctVal>0.227385796095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Petroleum &amp; Chemical Corporation</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>CHINA PETROLEUM &amp; CHEMICAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018G1"/>
        </identifiers>
        <balance>2952684.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1633475.21000000</valUSD>
        <pctVal>0.308872298779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inner Mongolia Yili Industrial Group Co., Ltd.</name>
        <lei>3003002Q2A863JPQFH06</lei>
        <title>INNER MONGOLIA YILI INDUS-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JP5"/>
        </identifiers>
        <balance>710115.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>3127711.07000000</valUSD>
        <pctVal>0.591415959174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianjin Chase Sun Pharmaceutical Co., Ltd</name>
        <lei>N/A</lei>
        <title>TIANJIN CHASE SUN PHARM-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GF1"/>
        </identifiers>
        <balance>348300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>272026.60000000</valUSD>
        <pctVal>0.051437255219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhongtian Financial Group Company Limited</name>
        <lei>N/A</lei>
        <title>ZHONGTIAN FINANCIAL GROUP -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000FL2"/>
        </identifiers>
        <balance>811700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>369802.84000000</valUSD>
        <pctVal>0.069925672937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRE TESTING INTERNATIONAL GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>CENTRE TESTING INTL GROUP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GV8"/>
        </identifiers>
        <balance>96000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>268396.59000000</valUSD>
        <pctVal>0.050750860025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGRICULTURAL BANK OF CHINA LIMITED</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>AGRICULTURAL BANK OF CHINA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000RJ0"/>
        </identifiers>
        <balance>8677207.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>4149688.33000000</valUSD>
        <pctVal>0.784660682856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Inovance Technology Co., Ltd</name>
        <lei>N/A</lei>
        <title>SHENZHEN INOVANCE TECHNOLO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V46"/>
        </identifiers>
        <balance>200615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1078329.57000000</valUSD>
        <pctVal>0.203900329242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUNNAN BAIYAO GROUP CO., LTD</name>
        <lei>N/A</lei>
        <title>YUNNAN BAIYAO GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000008X7"/>
        </identifiers>
        <balance>148058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1965168.69000000</valUSD>
        <pctVal>0.371591908499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shennan Circuits Co., Ltd.</name>
        <lei>300300VRJEDEV10SPJ55</lei>
        <title>SHENNAN CIRCUITS CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003373"/>
        </identifiers>
        <balance>55043.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1304630.66000000</valUSD>
        <pctVal>0.246691390567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHUI GUJING DISTILLERY COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>ANHUI GUJING DISTILLERY CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000MD5"/>
        </identifiers>
        <balance>44450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>944878.92000000</valUSD>
        <pctVal>0.178666270722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG SUN PAPER CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHANDONG SUN PAPER INDUSTR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P52"/>
        </identifiers>
        <balance>300338.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>404544.27000000</valUSD>
        <pctVal>0.076494897423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW CHINA LIFE INSURANCE COMPANY LTD.</name>
        <lei>529900QCDGPLPB62KH67</lei>
        <title>NEW CHINA LIFE INSURANCE C-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019Y0"/>
        </identifiers>
        <balance>241666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1514056.17000000</valUSD>
        <pctVal>0.286291464263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hubei Energy Group Co., Ltd.</name>
        <lei>300300X7OMGIUK3FRJ72</lei>
        <title>HUBEI ENERGY GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000750"/>
        </identifiers>
        <balance>502728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>250377.07000000</valUSD>
        <pctVal>0.047343565852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foshan Haitian Flavouring and Food Co Ltd</name>
        <lei>N/A</lei>
        <title>FOSHAN HAITIAN FLAVOURING -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001SL2"/>
        </identifiers>
        <balance>314589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>5537104.68000000</valUSD>
        <pctVal>1.047005942071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA GREAT WALL SECURITIES CO., LTD.</name>
        <lei>300300E1006344000004</lei>
        <title>CHINA GREAT WALL SECURITIE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003GD0"/>
        </identifiers>
        <balance>239719.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>417861.14000000</valUSD>
        <pctVal>0.079012971909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YONYOU NETWORK TECHNOLOGY CO.,LTD.</name>
        <lei>30030017NBX3U80ANB35</lei>
        <title>YONYOU NETWORK TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017Y6"/>
        </identifiers>
        <balance>379199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2366053.68000000</valUSD>
        <pctVal>0.447394876092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hainan Airlines Holding Co., Ltd.</name>
        <lei>3003001VZDGYFHX8A697</lei>
        <title>HAINAN AIRLINES HOLDING CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011C5"/>
        </identifiers>
        <balance>1904551.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>404205.94000000</valUSD>
        <pctVal>0.076430922920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUANGDONG HEC TECHNOLOGY HOLDING CO., LTD</name>
        <lei>300300W2PN2R35FBHK71</lei>
        <title>GUANGDONG HEC TECHNOLOGY H-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000BL1"/>
        </identifiers>
        <balance>349200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>341405.96000000</valUSD>
        <pctVal>0.064556133473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Railway Construction Corporation Limited</name>
        <lei>3003008XPPXMY0STYT17</lei>
        <title>CHINA RAILWAY CONSTRUCTION-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009T1"/>
        </identifiers>
        <balance>1332942.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1580425.73000000</valUSD>
        <pctVal>0.298841222252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE Corporation</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TK5"/>
        </identifiers>
        <balance>448895.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2548782.34000000</valUSD>
        <pctVal>0.481946867406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shaanxi Coal Industry Company Limited</name>
        <lei>N/A</lei>
        <title>SHAANXI COAL INDUSTRY CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001T64"/>
        </identifiers>
        <balance>965569.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>985002.65000000</valUSD>
        <pctVal>0.186253229279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Wanfeng Auto Wheel Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG WANFENG AUTO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001PF1"/>
        </identifiers>
        <balance>253366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>232296.23000000</valUSD>
        <pctVal>0.043924676737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NanJi E-Commerce Co., LTD</name>
        <lei>3003007Y2YF75BGMZU80</lei>
        <title>NANJI E-COMMERCE CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000080"/>
        </identifiers>
        <balance>284420.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>851921.96000000</valUSD>
        <pctVal>0.161089126149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>C&amp;S Paper Co.,Ltd</name>
        <lei>N/A</lei>
        <title>C&amp;S PAPER CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000X36"/>
        </identifiers>
        <balance>151658.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>478507.79000000</valUSD>
        <pctVal>0.090480590202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Nanshan Aluminium Co., Ltd.</name>
        <lei>300300Z1103237000056</lei>
        <title>SHANDONG NANSHAN ALUMINUM-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001139"/>
        </identifiers>
        <balance>1384700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>397713.70000000</valUSD>
        <pctVal>0.075203311334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aluminum Corporation of China Limited</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>ALUMINUM CORP OF CHINA LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000T0"/>
        </identifiers>
        <balance>1515500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>591812.10000000</valUSD>
        <pctVal>0.111905196144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEM Co., Ltd.</name>
        <lei>N/A</lei>
        <title>GEM CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000KT4"/>
        </identifiers>
        <balance>554400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>389850.80000000</valUSD>
        <pctVal>0.073716522932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asymchem Laboratories Tian Jin Co Ltd</name>
        <lei>N/A</lei>
        <title>ASYMCHEM LABORATORIES TIAN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002BZ6"/>
        </identifiers>
        <balance>26800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>921424.78000000</valUSD>
        <pctVal>0.174231349339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Overseas Chinese Town Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHENZHEN OVERSEAS CHINESE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000SS0"/>
        </identifiers>
        <balance>950475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>814952.21000000</valUSD>
        <pctVal>0.154098550720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN KINGDOM SCI-TECH CO., LTD</name>
        <lei>N/A</lei>
        <title>SHENZHEN KINGDOM SCI-TECH-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GF0"/>
        </identifiers>
        <balance>99700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>273662.76000000</valUSD>
        <pctVal>0.051746635182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YIFAN PHARMACEUTICAL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>YIFAN PHARMACEUTICAL CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001K65"/>
        </identifiers>
        <balance>143321.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>465789.45000000</valUSD>
        <pctVal>0.088075691193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Sunway Communication Co Ltd</name>
        <lei>N/A</lei>
        <title>SHENZHEN SUNWAY COMMUNICAT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000W94"/>
        </identifiers>
        <balance>112245.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>842026.09000000</valUSD>
        <pctVal>0.159217925352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Putailai New Energy Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHANGHAI PUTAILAI NEW ENER-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002TX3"/>
        </identifiers>
        <balance>50409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>734764.98000000</valUSD>
        <pctVal>0.138936022442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou Tigermed Consulting Co., Ltd</name>
        <lei>N/A</lei>
        <title>HANGZHOU TIGERMED CONSULTI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001KV8"/>
        </identifiers>
        <balance>86850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1251922.89000000</valUSD>
        <pctVal>0.236724927664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huaxin Cement Co., Ltd.</name>
        <lei>300300SD5S95ZOS05G37</lei>
        <title>HUAXIN CEMENT CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DC6"/>
        </identifiers>
        <balance>157760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>529233.43000000</valUSD>
        <pctVal>0.100072253998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangxi Zhengbang Technology Co. Ltd.</name>
        <lei>30030098MS5Y5GREO955</lei>
        <title>JIANGXI ZHENGBANG TECH -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000006H2"/>
        </identifiers>
        <balance>290361.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>718122.50000000</valUSD>
        <pctVal>0.135789111473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI PUDONG DEVELOPMENT BANK CO., LTD.</name>
        <lei>300300C1031031001330</lei>
        <title>SHANGHAI PUDONG DEVEL BANK-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011B7"/>
        </identifiers>
        <balance>3419197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>5118333.88000000</valUSD>
        <pctVal>0.967820963403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southwest Securities Co., Ltd.</name>
        <lei>300300E1009950000030</lei>
        <title>SOUTHWEST SECURITIES CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000016P6"/>
        </identifiers>
        <balance>654100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>424791.34000000</valUSD>
        <pctVal>0.080323396941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu King's Luck Brewery Joint-Stock Co Ltd</name>
        <lei>N/A</lei>
        <title>JIANGSU KING'S LUCK BREWER-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TH8"/>
        </identifiers>
        <balance>145407.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>818611.94000000</valUSD>
        <pctVal>0.154790565641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Bank Co., Ltd.</name>
        <lei>549300W9MKNIVWXFM679</lei>
        <title>PING AN BANK CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000040"/>
        </identifiers>
        <balance>2260594.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>4094033.21000000</valUSD>
        <pctVal>0.774136908299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNING.COM CO., LTD.</name>
        <lei>300300H2PHP62ZGZDD66</lei>
        <title>SUNING.COM CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KF2"/>
        </identifiers>
        <balance>1078733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1338543.16000000</valUSD>
        <pctVal>0.253103873455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WUHU SANQI INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD.</name>
        <lei>300300BE4IFCPHCUMI94</lei>
        <title>WUHU SANQI INTERACTIVE ENT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010N2"/>
        </identifiers>
        <balance>244704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1620338.47000000</valUSD>
        <pctVal>0.306388284907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Kingmed Diagnostics Group Co Ltd</name>
        <lei>N/A</lei>
        <title>GUANGZHOU KINGMED DIAGNOST-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002VW1"/>
        </identifiers>
        <balance>53037.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>671615.65000000</valUSD>
        <pctVal>0.126995174730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN HEPALINK PHARMACEUTICAL GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHENZHEN HEPALINK PHARMACE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000P02"/>
        </identifiers>
        <balance>120400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>426559.51000000</valUSD>
        <pctVal>0.080657738552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hefei Meyer Optoelectronic Technology Inc</name>
        <lei>N/A</lei>
        <title>HEFEI MEIYA OPTOELECTRONIC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001JZ1"/>
        </identifiers>
        <balance>78300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>582728.59000000</valUSD>
        <pctVal>0.110187603739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>G-bits Network Technology Xiamen Co Ltd</name>
        <lei>N/A</lei>
        <title>G-BITS NETWORK TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GK7"/>
        </identifiers>
        <balance>8308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>645350.37000000</valUSD>
        <pctVal>0.122028697515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIC BluePark New Energy Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BAIC BLUEPARK NEW ENERGY  -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000LP1"/>
        </identifiers>
        <balance>337300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>306864.14000000</valUSD>
        <pctVal>0.058024653055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuhan Guide Infrared Co., Ltd.</name>
        <lei>3003008240B1DJP5FT46</lei>
        <title>WUHAN GUIDE INFRARED CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000RK8"/>
        </identifiers>
        <balance>184407.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>763954.15000000</valUSD>
        <pctVal>0.144455375281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Kaifa Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHENZHEN KAIFA TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000FK4"/>
        </identifiers>
        <balance>170433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>526412.56000000</valUSD>
        <pctVal>0.099538858330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YOUZU Interactive CO., LTD.</name>
        <lei>300300DK3F0JTT5AWK11</lei>
        <title>YOUZU INTERACTIVE CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007K4"/>
        </identifiers>
        <balance>102927.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>379800.67000000</valUSD>
        <pctVal>0.071816153255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luenmei Quantum Co., Ltd.</name>
        <lei>N/A</lei>
        <title>LUENMEI QUANTUM CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000Y94"/>
        </identifiers>
        <balance>176753.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>358620.21000000</valUSD>
        <pctVal>0.067811159896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westone Information Industry Inc.</name>
        <lei>N/A</lei>
        <title>WESTONE INFORMATION INDUST-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000CM6"/>
        </identifiers>
        <balance>97100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>293178.73000000</valUSD>
        <pctVal>0.055436891685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XIAMEN C&amp;D INC.</name>
        <lei>300300NQXZDZZ0OSCN43</lei>
        <title>XIAMEN C &amp; D INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WL7"/>
        </identifiers>
        <balance>328518.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>376498.29000000</valUSD>
        <pctVal>0.071191709312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCL Technology Group Corporation</name>
        <lei>300300K9RLEXIIDB1U19</lei>
        <title>TCL TECHNOLOGY GROUP CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GL8"/>
        </identifiers>
        <balance>1567600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1375136.36000000</valUSD>
        <pctVal>0.260023247398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Henan Shuanghui Investment &amp; Development Co., Ltd.</name>
        <lei>N/A</lei>
        <title>HENAN SHUANGHUI INVESTMENT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000XM3"/>
        </identifiers>
        <balance>320509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2090093.71000000</valUSD>
        <pctVal>0.395213863620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou Silan Microelectronics Co., Ltd.</name>
        <lei>300300A6XLSTHVDNCV85</lei>
        <title>HANGZHOU SILAN MICROELECTR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DN1"/>
        </identifiers>
        <balance>152000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>315710.09000000</valUSD>
        <pctVal>0.059697325462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Sanjiu Medical &amp; Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA RESOURCES SANJIU MED-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011K8"/>
        </identifiers>
        <balance>113447.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>468539.20000000</valUSD>
        <pctVal>0.088595638848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai International Port (Group) Co., Ltd.</name>
        <lei>300300DAQ7G1LS22G609</lei>
        <title>SHANGHAI INTERNATIONAL POR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000013N8"/>
        </identifiers>
        <balance>1074108.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>638287.09000000</valUSD>
        <pctVal>0.120693108510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA EVERBRIGHT BANK COMPANY LIMITED</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>CHINA EVERBRIGHT BANK CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SL4"/>
        </identifiers>
        <balance>4637484.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2349006.79000000</valUSD>
        <pctVal>0.444171495615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Winning Health Technology Group Co Ltd</name>
        <lei>N/A</lei>
        <title>WINNING HEALTH TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000016F5"/>
        </identifiers>
        <balance>247260.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>802538.91000000</valUSD>
        <pctVal>0.151751331440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suofeiya Home Collection Co Ltd</name>
        <lei>3003001LPW6QB75C7439</lei>
        <title>SUOFEIYA HOME COLLECTION C-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001203"/>
        </identifiers>
        <balance>105684.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>361413.79000000</valUSD>
        <pctVal>0.068339395323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Shiyuan Electronic Technology Company Limited</name>
        <lei>N/A</lei>
        <title>GUANGZHOU SHIYUAN ELECTRON-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002K47"/>
        </identifiers>
        <balance>76013.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1070328.43000000</valUSD>
        <pctVal>0.202387401167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Huahai Pharmaceutical Co., Ltd.</name>
        <lei>300300A5ITVN4JK5AS34</lei>
        <title>ZHEJIANG HUAHAI PHARMACEUT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DL5"/>
        </identifiers>
        <balance>168512.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>808972.04000000</valUSD>
        <pctVal>0.152967765971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jointown Pharmaceutical Group Co., Ltd.</name>
        <lei>300300875YINDA6F8T86</lei>
        <title>JOINTOWN PHARMACEUTICAL-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000W45"/>
        </identifiers>
        <balance>217577.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>573207.00000000</valUSD>
        <pctVal>0.108387175197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Eastern Airlines Corporation Limited</name>
        <lei>3003000KIOQE39Q7Y685</lei>
        <title>CHINA EASTERN AIRLINES CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TR0"/>
        </identifiers>
        <balance>1081700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>645859.57000000</valUSD>
        <pctVal>0.122124981667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Bank Co., Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
        </identifiers>
        <balance>2403027.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>11464761.83000000</valUSD>
        <pctVal>2.167861085198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA NATIONAL SOFTWARE &amp; SERVICE COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>CHINA NATIONAL SOFTWARE -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001BB0"/>
        </identifiers>
        <balance>57342.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>642564.66000000</valUSD>
        <pctVal>0.121501950218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEO GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>LEO GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000F9"/>
        </identifiers>
        <balance>782700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>427465.88000000</valUSD>
        <pctVal>0.080829123207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xiamen Tungsten Co., Ltd.</name>
        <lei>300300SEC2FOC4PL5N49</lei>
        <title>XIAMEN TUNGSTEN CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001D15"/>
        </identifiers>
        <balance>162880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>272859.00000000</valUSD>
        <pctVal>0.051594652956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yealink Network Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>YEALINK NETWORK TECHNOLOGY-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002PC5"/>
        </identifiers>
        <balance>86850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>838793.25000000</valUSD>
        <pctVal>0.158606630662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xiamen Intretech Inc</name>
        <lei>N/A</lei>
        <title>XIAMEN INTRETECH INC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000033H6"/>
        </identifiers>
        <balance>53052.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>434909.68000000</valUSD>
        <pctVal>0.082236664383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Wolwo Bio-Pharmaceutical Co Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG WOLWO BIO-PHARMAC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001R58"/>
        </identifiers>
        <balance>60626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>533970.29000000</valUSD>
        <pctVal>0.100967942422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Company Limited</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>CHINA SHENHUA ENERGY CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000767"/>
        </identifiers>
        <balance>636978.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1294188.97000000</valUSD>
        <pctVal>0.244716981177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aisino Corporation</name>
        <lei>300300NIFA1100045155</lei>
        <title>AISINO CORP-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FB1"/>
        </identifiers>
        <balance>215788.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>495829.24000000</valUSD>
        <pctVal>0.093755886972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Power Construction Corporation of China, Ltd.</name>
        <lei>300300MX911UESD4EH33</lei>
        <title>POWER CONSTRUCTION CORP OF-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000017G1"/>
        </identifiers>
        <balance>1772746.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>867843.54000000</valUSD>
        <pctVal>0.164099722811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Zhongnan Construction Group Co., Ltd.</name>
        <lei>3003005CZM5L7LWHW430</lei>
        <title>JIANGSU ZHONGNAN CONSTRUCT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011P7"/>
        </identifiers>
        <balance>429850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>541284.71000000</valUSD>
        <pctVal>0.102351019255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Zhifei Biological Products Co Ltd</name>
        <lei>300300DRZD9P8L2NA467</lei>
        <title>CHONGQING ZHIFEI BIOLOGICA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V20"/>
        </identifiers>
        <balance>186372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>2640890.78000000</valUSD>
        <pctVal>0.499363566126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Krane Funds Advisors, LLC</ncom:nameOfApplicant>
      <ncom:signature>Jonathan Krane</ncom:signature>
      <ncom:signerName>Jonathan Krane</ncom:signerName>
      <ncom:title>CEO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
