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

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

FORM 13F INFORMATION TABLE

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OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 71,530 814,600 SH   SOLE   814,600 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 50,171 1,984,600 SH   SOLE   1,984,600 0 0
BEIGENE LTD SPONSORED ADR 07725L102 1,093 36,000 SH   SOLE   36,000 0 0
BITAUTO HLDGS LTD SPONSORED ADS 091727107 45,093 2,380,847 SH   SOLE   2,380,847 0 0
CHANGYOU COM LTD ADS REP CL A 15911M107 1,061 50,000 SH   SOLE   50,000 0 0
CHINA BIOLOGIC PRODS INC COM 16938C106 1,774 16,500 SH   SOLE   16,500 0 0
CONCORD MED SVCS HLDGS LTD SPON ADR CL A 206277105 522 113,549 SH   SOLE   113,549 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 1,400 35,000 SH   SOLE   35,000 0 0
EHI CAR SVCS LTD SPON ADS CL A 26853A100 28,603 3,157,045 SH   SOLE   3,157,045 0 0
FANG HLDGS LTD ADR 836034108 85,058 25,932,200 SH   SOLE   25,932,200 0 0
FANHUA INC SPONSORED ADR 30712A103 347 41,900 SH   SOLE   41,900 0 0
JUMEI INTL HLDG LTD SPONSORED ADR 48138L107 18,326 3,657,846 SH   SOLE   3,657,846 0 0
MOMO INC ADR 60879B107 17,700 963,000 SH   SOLE   963,000 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 3,747 89,000 SH   SOLE   89,000 0 0
NOAH HLDGS LTD SPON ADS CL A 65487X102 60,585 2,762,665 SH   SOLE   2,762,665 0 0
SINA CORP ORD G81477104 205,330 3,377,690 SH   SOLE   3,377,690 0 0
SOHU COM INC COM 83408W103 4,473 132,000 SH   SOLE   132,000 0 0
TAL ED GROUP ADS REPSTG COM 874080104 97,437 1,388,983 SH   SOLE   1,388,983 0 0
TARENA INTL INC ADR 876108101 11,867 791,657 SH   SOLE   791,657 0 0
TUNIU CORP SPONSORED ADS CL 89977P106 16,949 1,937,000 SH   SOLE   1,937,000 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 29,359 2,666,600 SH   SOLE   2,666,600 0 0
WEIBO CORP SPONSORED ADR 948596101 26,231 646,080 SH   SOLE   646,080 0 0
XUNLEI LTD SPONSORED ADR 98419E108 1,351 350,000 SH   SOLE   350,000 0 0
YINTECH INVT HLDGS LTD SPONSORED ADR 98585M108 902 55,000 SH   SOLE   55,000 0 0
YY INC ADS REPCOM CLA 98426T106 58,022 1,471,894 SH   SOLE   1,471,894 0 0