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 119,905 635,900 SH   SOLE   635,900 0 0
CHINA LODGING GROUP-SPON ADS ADR 16949N109 330 13,000 SH   SOLE   13,000 0 0
CTRIP.COM INTERNATIONAL-ADR ADR 22943F100 102,423 1,615,000 SH   SOLE   1,615,000 0 0
HOME INNS & HOTELS MANAG-ADR ADR 43713W107 26,222 764,516 SH   SOLE   764,516 0 0
NETEASE INC-ADR ADR 64110W102 45,460 581,300 SH   SOLE   581,300 0 0
NEW ORIENTAL EDUCATIO-SP ADR ADR 647581107 13,430 507,400 SH   SOLE   507,400 0 0