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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AIR PRODS & CHEMS INC COM 009158106 BBG000BC4JJ4 17,882,865 69,300 SH   SOLE   69,300 0 0
AMCOR PLC ORD G0250X107 BBG00LNJRQ09 24,691,566 2,524,700 SH   SOLE   2,524,700 0 0
AT&T INC COM 00206R102 BBG000BSJK37 14,473,914 757,400 SH   SOLE   757,400 0 0
BAIDU INC SPON ADR REP A 056752108 BBG000QXWHD1 70,111,152 810,721 SH   SOLE   810,721 0 0
BILIBILI INC NOTE 0.500%12/0 090040AF3 BBG013N1GGQ3 7,331,249 7,500,000 PRN   SOLE   7,500,000 0 0
BOSTON PROPERTIES INC COM 101121101 BBG000BS5CM9 9,738,792 158,200 SH   SOLE   158,200 0 0
CISCO SYS INC COM 17275R102 BBG000C3J3C9 11,188,605 235,500 SH   SOLE   235,500 0 0
CROWN HLDGS INC COM 228368106 BBG000BF6756 10,771,672 144,800 SH   SOLE   144,800 0 0
GILEAD SCIENCES INC COM 375558103 BBG000CKGBP2 9,173,157 133,700 SH   SOLE   133,700 0 0
IQIYI INC SPONSORED ADS 46267X108 BBG00K6DZBD3 16,120,292 4,392,450 SH   SOLE   4,392,450 0 0
IQIYI INC NOTE 6.500% 3/1 G4939KAF3 BBG01FPCX4H8 18,509,355 19,400,000 PRN   SOLE   19,400,000 0 0
ISHARES INC MSCI THAILND ETF 464286624 BBG000VD5B51 40,027,602 737,700 SH   SOLE   737,700 0 0
ISHARES TR CHINA SM-CAP ETF 46429B200 BBG0016RMMX2 17,097,917 721,760 SH   SOLE   721,760 0 0
ISHARES TR ISHARES SEMICDTR 464287523 BBG000JP3063 156,800 44,800 SH Put SOLE   44,800 0 0
KE HLDGS INC SPONSORED ADS 482497104 BBG00W9L9LX1 3,223,229 227,790 SH   SOLE   227,790 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 BBG004XB9HY6 23,085,888 854,400 SH   SOLE   854,400 0 0
NETEASE INC SPONSORED ADS 64110W102 BBG000BX72V8 24,382,458 255,100 SH   SOLE   255,100 0 0
NVIDIA CORPORATION COM 67066G104 BBG000BBJQV0 10,022,800 81,130 SH   SOLE   81,130 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102 BBG00LBLDDR2 15,222,775 114,500 SH   SOLE   114,500 0 0
PPG INDS INC COM 693506107 BBG000BRJ809 16,365,700 130,000 SH   SOLE   130,000 0 0
SL GREEN RLTY CORP COM 78440X887 BBG000BVP5P2 7,080,000 125,000 SH   SOLE   125,000 0 0
VANECK ETF TRUST JP MRGAN EM LOC 92189H300 BBG000BF8YP3 47,735,972 2,007,400 SH   SOLE   2,007,400 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 BBG000HS77T5 14,636,076 354,900 SH   SOLE   354,900 0 0
VORNADO RLTY TR SH BEN INT 929042109 BBG000BWHD54 10,032,264 381,600 SH   SOLE   381,600 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 BBG009NRSWJ4 24,865,040 536,000 SH   SOLE   536,000 0 0