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      </invstOrSec>
      <invstOrSec>
        <name>FOXCONN INDUSTRIAL INTERNET CO LTD</name>
        <lei>N/A</lei>
        <title>FOXCONN INDUST-A</title>
        <cusip>Y2620V100</cusip>
        <identifiers>
          <isin value="CNE1000031P3"/>
        </identifiers>
        <balance>29100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>309209.73000000</valUSD>
        <pctVal>0.815200209004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSPC PHARMACEUTICAL GROUP LTD</name>
        <lei>529900M3XQCW234H8O91</lei>
        <title>CSPC PHARMACEUTICAL GROUP</title>
        <cusip>Y1837N109</cusip>
        <identifiers>
          <isin value="HK1093012172"/>
        </identifiers>
        <balance>141896.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>126104.37000000</valUSD>
        <pctVal>0.332461429271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</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>655600NIG229WUTGM382</lei>
        <title>CHAOZHOU THREE-A</title>
        <cusip>Y1R99A101</cusip>
        <identifiers>
          <isin value="CNE100001Y42"/>
        </identifiers>
        <balance>20900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>513719.97000000</valUSD>
        <pctVal>1.354370791997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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 PUTAILA</title>
        <cusip>Y7T892106</cusip>
        <identifiers>
          <isin value="CNE100002TX3"/>
        </identifiers>
        <balance>17100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>72856.51000000</valUSD>
        <pctVal>0.192078826818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTAGE TECHNOLOGY CO LTD</name>
        <lei>N/A</lei>
        <title>MONTAGE TECHNO-A</title>
        <cusip>Y6S3M5108</cusip>
        <identifiers>
          <isin value="CNE100003MN7"/>
        </identifiers>
        <balance>17400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>794135.58000000</valUSD>
        <pctVal>2.093658213127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADVANCED MICRO-FABRICATION EQUIPMENT INC</name>
        <lei>N/A</lei>
        <title>ADVANCED MICRO-A</title>
        <cusip>Y001DM108</cusip>
        <identifiers>
          <isin value="CNE100003MM9"/>
        </identifiers>
        <balance>12042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>830868.03000000</valUSD>
        <pctVal>2.190499605917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREE ELECTRIC APPLIANCES OF ZHUHAI INC</name>
        <lei>655600UY069MU9JRAN62</lei>
        <title>GREE ELECTRIC-A</title>
        <cusip>Y2882R102</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>193296.12000000</valUSD>
        <pctVal>0.509605688746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HORIZON ROBOTICS</name>
        <lei>N/A</lei>
        <title>HORIZON ROBOTICS</title>
        <cusip>G4602S105</cusip>
        <identifiers>
          <isin value="KYG4602S1057"/>
        </identifiers>
        <balance>164288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>85465.97000000</valUSD>
        <pctVal>0.225322393983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIOTECH INC</name>
        <lei>N/A</lei>
        <title>PIOTECH INC-A</title>
        <cusip>Y6S9PP108</cusip>
        <identifiers>
          <isin value="CNE100005998"/>
        </identifiers>
        <balance>2600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>318581.46000000</valUSD>
        <pctVal>0.839907828181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN LONGSYS ELECTRONICS CO LTD</name>
        <lei>N/A</lei>
        <title>SHENZHEN LONGS-A</title>
        <cusip>Y774KY106</cusip>
        <identifiers>
          <isin value="CNE100005K10"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>259127.26000000</valUSD>
        <pctVal>0.683162837439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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 TECH-A</title>
        <cusip>Y00060106</cusip>
        <identifiers>
          <isin value="CNE100000F87"/>
        </identifiers>
        <balance>8700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>329211.35000000</valUSD>
        <pctVal>0.867932459067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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 TECH C-A</title>
        <cusip>Y20965102</cusip>
        <identifiers>
          <isin value="CNE000000XL5"/>
        </identifiers>
        <balance>21200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>541388.20000000</valUSD>
        <pctVal>1.427315284652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POP MART INTERNATIONAL GROUP LTD</name>
        <lei>9845000A05E8F937E337</lei>
        <title>POP MART INTERNA</title>
        <cusip>G7170M103</cusip>
        <identifiers>
          <isin value="KYG7170M1033"/>
        </identifiers>
        <balance>6277.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>123813.97000000</valUSD>
        <pctVal>0.326423021104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GIGA DEVICE SEMICONDUCTOR INC</name>
        <lei>N/A</lei>
        <title>GIGADEVICE SEM-A</title>
        <cusip>Y270BL103</cusip>
        <identifiers>
          <isin value="CNE1000030S9"/>
        </identifiers>
        <balance>10600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>1272293.49000000</valUSD>
        <pctVal>3.354273227308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE CORP</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE CORP-A</title>
        <cusip>Y0004F121</cusip>
        <identifiers>
          <isin value="CNE000000TK5"/>
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        <balance>54300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>289409.14000000</valUSD>
        <pctVal>0.762997954222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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-A</title>
        <cusip>Y1593Y109</cusip>
        <identifiers>
          <isin value="CNE1000010R3"/>
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        <balance>21100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>85641.74000000</valUSD>
        <pctVal>0.225785793828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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 LTD</name>
        <lei>529900WHVV4GODE91T37</lei>
        <title>SHANGHAI ELECT-A</title>
        <cusip>Y76824112</cusip>
        <identifiers>
          <isin value="CNE100000D55"/>
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        <balance>82200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>84741.02000000</valUSD>
        <pctVal>0.223411136561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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 TECHNOLOG-A</title>
        <cusip>Y6S99Q112</cusip>
        <identifiers>
          <isin value="CNE000001G38"/>
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        <balance>26000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>87495.03000000</valUSD>
        <pctVal>0.230671805647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AKESO INC</name>
        <lei>254900ECWYGR3QW5GF30</lei>
        <title>AKESO INC</title>
        <cusip>G0146B103</cusip>
        <identifiers>
          <isin value="KYG0146B1032"/>
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        <balance>12530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>140671.99000000</valUSD>
        <pctVal>0.370867487413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SERES GROUP CO LTD</name>
        <lei>3003002LTJSDNVNIPU58</lei>
        <title>SERES GROUP CO-A</title>
        <cusip>Y1586E102</cusip>
        <identifiers>
          <isin value="CNE1000028B9"/>
        </identifiers>
        <balance>6300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>56829.06000000</valUSD>
        <pctVal>0.149824074389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEITUAN LLC</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>MEITUAN-W</title>
        <cusip>G59669104</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
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        <balance>98477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>860107.19000000</valUSD>
        <pctVal>2.267585696782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZHOU TFC OPTICAL COMMUNICATION CO LTD</name>
        <lei>N/A</lei>
        <title>SUZHOU TFC OPT-A</title>
        <cusip>Y831BY104</cusip>
        <identifiers>
          <isin value="CNE100001XQ1"/>
        </identifiers>
        <balance>6620.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>295097.51000000</valUSD>
        <pctVal>0.777994766945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUAGONG TECH CO LTD</name>
        <lei>300300PJC3VZEBWN8591</lei>
        <title>HUAGONG TECH -A</title>
        <cusip>Y3740C105</cusip>
        <identifiers>
          <isin value="CNE000001303"/>
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        <balance>13400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>364320.70000000</valUSD>
        <pctVal>0.960494712713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GONEO GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>GONEO GROUP CO-A</title>
        <cusip>Y2R0MK101</cusip>
        <identifiers>
          <isin value="CNE100003RL0"/>
        </identifiers>
        <balance>5200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>29981.89000000</valUSD>
        <pctVal>0.079044223460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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-A</title>
        <cusip>Y2303F109</cusip>
        <identifiers>
          <isin value="CNE100000GS4"/>
        </identifiers>
        <balance>20900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>200163.03000000</valUSD>
        <pctVal>0.527709603093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBH SWEEP VEHICLE</name>
        <lei>N/A</lei>
        <title>BBH SWEEP VEHICLE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
        </identifiers>
        <balance>638271.66000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>638271.66000000</valUSD>
        <pctVal>1.682738737339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="cash" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WUXI BIOLOGICS (CAYMAN) INC</name>
        <lei>5493001TD2TH6VDTJU11</lei>
        <title>WUXI BIOLOGICS C</title>
        <cusip>G97008117</cusip>
        <identifiers>
          <isin value="KYG970081173"/>
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        <balance>34084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>150367.46000000</valUSD>
        <pctVal>0.396428614388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CENTURY HUATONG GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>ZHEJIANG CENTU-A</title>
        <cusip>Y988BH109</cusip>
        <identifiers>
          <isin value="CNE1000015R2"/>
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        <balance>94100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>195403.60000000</valUSD>
        <pctVal>0.515161846815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAIER SMART HOME CO LTD</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>HAIER SMART H-A</title>
        <cusip>Y7166P102</cusip>
        <identifiers>
          <isin value="CNE000000CG9"/>
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        <balance>33200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>99794.11000000</valUSD>
        <pctVal>0.263097087305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHUZHOU CRRC TIMES ELECTRIC CO LTD</name>
        <lei>529900PLNH7NQLN00B53</lei>
        <title>ZHUZHOU CRRC -A</title>
        <cusip>Y9892N112</cusip>
        <identifiers>
          <isin value="CNE100004QK2"/>
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        <balance>4600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>46514.19000000</valUSD>
        <pctVal>0.122629961902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHONGJI INNOLIGHT CO LTD</name>
        <lei>655600K7YZDKAI214O83</lei>
        <title>ZHONGJI INNOLI-A</title>
        <cusip>Y7685V101</cusip>
        <identifiers>
          <isin value="CNE100001CY9"/>
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        <balance>15100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>2824258.85000000</valUSD>
        <pctVal>7.445873080389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XIAOMI CORP</name>
        <lei>2549001ACVFAZRNMKL32</lei>
        <title>XIAOMI CORP-W</title>
        <cusip>G9830T106</cusip>
        <identifiers>
          <isin value="KYG9830T1067"/>
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        <balance>314036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>866490.67000000</valUSD>
        <pctVal>2.284415096782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</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 L</title>
        <cusip>Y0920M101</cusip>
        <identifiers>
          <isin value="CNE0000016L5"/>
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        <balance>539500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>689659.95000000</valUSD>
        <pctVal>1.818218771387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD</name>
        <lei>N/A</lei>
        <title>SHENZHEN MINDR-A</title>
        <cusip>Y774E3101</cusip>
        <identifiers>
          <isin value="CNE100003G67"/>
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        <balance>9900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>198040.82000000</valUSD>
        <pctVal>0.522114610867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACM RESEARCH (SHANGHAI) INC</name>
        <lei>N/A</lei>
        <title>ACM RESEARCH S-A</title>
        <cusip>Y002HF107</cusip>
        <identifiers>
          <isin value="CNE100004ZD8"/>
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        <balance>1600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>101795.26000000</valUSD>
        <pctVal>0.268372917073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIWIN STORAGE TECHNOLOGY CO LTD</name>
        <lei>N/A</lei>
        <title>BIWIN STORAGE TE</title>
        <cusip>Y0907V108</cusip>
        <identifiers>
          <isin value="CNE100005VN3"/>
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        <balance>5800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>422590.83000000</valUSD>
        <pctVal>1.114118022544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY COMPANY LTD</name>
        <lei>529900QZ3EMAU0QKFK85</lei>
        <title>ZOOMLION HEAVY INDUSTRY S</title>
        <cusip>Y1293Y102</cusip>
        <identifiers>
          <isin value="CNE000001527"/>
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        <balance>70700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>72573.16000000</valUSD>
        <pctVal>0.191331803174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JD.COM INC</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.COM INC-CL A</title>
        <cusip>G8208B101</cusip>
        <identifiers>
          <isin value="KYG8208B1014"/>
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        <balance>25936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>328216.73000000</valUSD>
        <pctVal>0.865310243938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WUXI APPTEC CO LTD</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WUXI APPTEC CO-A</title>
        <cusip>Y971B1100</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
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        <balance>16700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>306227.74000000</valUSD>
        <pctVal>0.807338493684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WUXI LEAD INTELLIGENT EQUIPMENT CO LTD</name>
        <lei>836800J7WO9E2EF72B65</lei>
        <title>WUXI LEAD INTE-A</title>
        <cusip>Y9717H100</cusip>
        <identifiers>
          <isin value="CNE100001ZF9"/>
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        <balance>18000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>107945.39000000</valUSD>
        <pctVal>0.284587113377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YANGTZE OPTICAL FIBRE AND CABLE JOINT STOCK LTD CO</name>
        <lei>836800VT7MZILX431W47</lei>
        <title>YANGTZE OPTICA-A</title>
        <cusip>Y9737F118</cusip>
        <identifiers>
          <isin value="CNE1000036B2"/>
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        <balance>1600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>128634.34000000</valUSD>
        <pctVal>0.339131439534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NETEASE INC</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NETEASE INC</title>
        <cusip>G6427A102</cusip>
        <identifiers>
          <isin value="KYG6427A1022"/>
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        <balance>31572.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>814778.95000000</valUSD>
        <pctVal>2.148082372220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU HENGRUI PHARMACEUTICALS CO LTD</name>
        <lei>2549003BT1XS3SE3E448</lei>
        <title>JIANGSU HENGRUI MEDICINE</title>
        <cusip>Y4446S105</cusip>
        <identifiers>
          <isin value="CNE0000014W7"/>
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        <balance>60400.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>462911.59000000</valUSD>
        <pctVal>1.220419632067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN SUNWAY COMMUNICATION CO LTD</name>
        <lei>N/A</lei>
        <title>SHENZHEN SUNWA-A</title>
        <cusip>Y77453101</cusip>
        <identifiers>
          <isin value="CNE100000W94"/>
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        <balance>16400.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>288022.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IFLYTEK CO LTD</name>
        <lei>3003000T23C63KVWOH32</lei>
        <title>IFLYTEK CO LTD-A</title>
        <cusip>Y013A6101</cusip>
        <identifiers>
          <isin value="CNE100000B81"/>
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        <balance>29400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>176830.39000000</valUSD>
        <pctVal>0.466195455383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INNOVENT BIOLOGICS INC</name>
        <lei>25490058ONL9SCIE1R22</lei>
        <title>INNOVENT BIOLOGI</title>
        <cusip>G4818G101</cusip>
        <identifiers>
          <isin value="KYG4818G1010"/>
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        <balance>28380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>288039.90000000</valUSD>
        <pctVal>0.759388091317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONTEMPORARY AMPEREX TECHNOLOGY CO LTD</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>CONTEMPORARY A-A</title>
        <cusip>Y1R48E105</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHANGHAI UNITED IMAGING HEALTHCARE CO LTD</name>
        <lei>300300YFLW1ZZPRAZ467</lei>
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        <cusip>Y7693L103</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EAST MONEY INFORMATION CO LTD</name>
        <lei>836800ZFB0ZEK3KKW487</lei>
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        <cusip>Y2234B102</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EOPTOLINK TECHNOLOGY INC LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
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          <isin value="KYG875721634"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HITHINK ROYALFLUSH INFORMATION NETWORK CO LTD</name>
        <lei>300300TIQA4R0NPLQE78</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>TEBIAN ELECTRIC APPARATUS STOCK CO LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SOL CNAMC N-CW26</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TONGFU MICROELECTRONICS CO LTD</name>
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        <name>HENGTONG OPTIC-ELECTRIC CO LTD</name>
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        <name>VERISILICON MICROELECTRONICS (SHANGHAI) CO LTD</name>
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        <title>VERISILICON MICR</title>
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        <name>XPENG INC</name>
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        <name>SICHUAN KELUN-BIOTECH BIOPHARMACEUTICAL CO LTD</name>
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        <name>LI AUTO INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HWATSING TECHNOLOGY CO LTD</name>
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        <name>NIO INC</name>
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        <name>CAMBRICON TECHNOLOGIES CORP LTD</name>
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        <title>CAMBRICON TECHNO</title>
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        <name>HANGZHOU CHANGCHUAN TECHNOLOGY CO LTD</name>
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        <title>HANGZHOU CHANG-A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>LUXSHARE PRECISION INDUSTRY CO LTD</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>LUXSHARE PRECI-A</title>
        <cusip>Y7744X106</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>REMEGEN CO LTD</name>
        <lei>300300M9HCX4TFAD4I10</lei>
        <title>REMEGEN CO LTD-A</title>
        <cusip>Y7S9CK119</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>UNISPLENDOUR CO LTD</name>
        <lei>300300Z3RHZRXCNTRC53</lei>
        <title>UNISPLENDOUR C-A</title>
        <cusip>Y8997B106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NINGBO TUOPU GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>NINGBO TUOPU G-A</title>
        <cusip>Y62990109</cusip>
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        <balance>12600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>104695.37000000</valUSD>
        <pctVal>0.276018764046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOTION HIGH-TECH CO LTD</name>
        <lei>300300J1NKV8ZBF0KN15</lei>
        <title>GOTION HIGH-TE-A</title>
        <cusip>Y4439F110</cusip>
        <identifiers>
          <isin value="CNE000001NY7"/>
        </identifiers>
        <balance>18400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>74547.36000000</valUSD>
        <pctVal>0.196536581991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUZHOU ROCKCHIP ELECTRONICS CO LTD</name>
        <lei>8368002HC3QUMAKOPK03</lei>
        <title>ROCKCHIP ELEC-A</title>
        <cusip>Y267F4103</cusip>
        <identifiers>
          <isin value="CNE100003RK2"/>
        </identifiers>
        <balance>2900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>80447.12000000</valUSD>
        <pctVal>0.212090703089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD COMPANY LTD</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD -A</title>
        <cusip>Y1023R120</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
        </identifiers>
        <balance>41800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>490634.89000000</valUSD>
        <pctVal>1.293509311213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIDEA GROUP CO LTD</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>MIDEA GROUP CO LTD-A</title>
        <cusip>Y6S40V103</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
        </identifiers>
        <balance>38800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>431593.64000000</valUSD>
        <pctVal>1.137853021419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO LTD</name>
        <lei>300300MZXZR87BGKOZ23</lei>
        <title>HAN'S LASER -A</title>
        <cusip>Y3063F107</cusip>
        <identifiers>
          <isin value="CNE000001JQ1"/>
        </identifiers>
        <balance>14900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>329397.06000000</valUSD>
        <pctVal>0.868422064717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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 TECHNO</title>
        <cusip>Y9727F102</cusip>
        <identifiers>
          <isin value="CNE100001FR6"/>
        </identifiers>
        <balance>53500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>103374.03000000</valUSD>
        <pctVal>0.272535184651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUA HONG SEMICONDUCTOR LTD</name>
        <lei>529900OXH3ZYLIMGB907</lei>
        <title>HUA HONG GRACE-A</title>
        <cusip>Y3740G106</cusip>
        <identifiers>
          <isin value="CNE100006M90"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>148583.97000000</valUSD>
        <pctVal>0.391726623216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</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 CIRCUI-A</title>
        <cusip>Y774D3102</cusip>
        <identifiers>
          <isin value="CNE100003373"/>
        </identifiers>
        <balance>4300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>289976.58000000</valUSD>
        <pctVal>0.764493952445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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 TECH GR -A</title>
        <cusip>Y0772M100</cusip>
        <identifiers>
          <isin value="CNE100000ML7"/>
        </identifiers>
        <balance>6700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>872822.49000000</valUSD>
        <pctVal>2.301108300412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUTONG BUS CO LTD</name>
        <lei>300300OMPRVW0Q75F037</lei>
        <title>ZHENGZHOU YUT-A</title>
        <cusip>Y98913109</cusip>
        <identifiers>
          <isin value="CNE000000PY4"/>
        </identifiers>
        <balance>22800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>90023.42000000</valUSD>
        <pctVal>0.237337650400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYGON INFORMATION TECHNOLOGY CO LTD</name>
        <lei>N/A</lei>
        <title>HYGON INFORMAT-A</title>
        <cusip>Y3813J102</cusip>
        <identifiers>
          <isin value="CNE100005PT2"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>818029.19000000</valUSD>
        <pctVal>2.156651301559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>8368003UTQ4F88XERZ23</lei>
        <title>ZHEJIANG SANHU-A</title>
        <cusip>Y9890L126</cusip>
        <identifiers>
          <isin value="CNE000001M22"/>
        </identifiers>
        <balance>36300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>234315.99000000</valUSD>
        <pctVal>0.617750431142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES MICROELECTRONICS (CHONGQING) LTD</name>
        <lei>N/A</lei>
        <title>CHINA RESOURCE-A</title>
        <cusip>Y1R0E0106</cusip>
        <identifiers>
          <isin value="CNE100003S06"/>
        </identifiers>
        <balance>6800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>97692.23000000</valUSD>
        <pctVal>0.257555693069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SENSETIME GROUP INC</name>
        <lei>N/A</lei>
        <title>SENSETIME-W</title>
        <cusip>G8062L104</cusip>
        <identifiers>
          <isin value="KYG8062L1041"/>
        </identifiers>
        <balance>547198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84283000"/>
        <valUSD>93492.44000000</valUSD>
        <pctVal>0.246483371103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</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-A</title>
        <cusip>Y443AC115</cusip>
        <identifiers>
          <isin value="CNE1000019R4"/>
        </identifiers>
        <balance>8600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79010000"/>
        <valUSD>136230.10000000</valUSD>
        <pctVal>0.359156893260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Rayliant Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Himanshu Surti</ncom:signature>
      <ncom:signerName>Himanshu Surti</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
