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

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

FORM 13F INFORMATION TABLE

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COLUMN 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
BAIDU INC - SPON ADR ADR 056752108 98,072 643,600 SH   SOLE   643,600 0 0
CHINA LODGING GROUP-SPON ADS ADR 16949N109 143 5,800 SH   SOLE   5,800 0 0
CTRIP.COM INTERNATIONAL-ADR ADR 16949N109 82,144 1,629,200 SH   SOLE   1,629,200 0 0
HOME INNS & HOTELS MANAG-ADR ADR 43713W107 25,894 801,916 SH   SOLE   801,916 0 0
NETEASE INC-ADR ADR 64110W102 39,121 581,300 SH   SOLE   581,300 0 0
NEW ORIENTAL EDUCATIO-SP ADR ADR 647581107 11,470 390,800 SH   SOLE   390,800 0 0