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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Li Ning Co Ltd</name>
        <lei>529900T77L2FV3FZ3U81</lei>
        <title>Li Ning Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="2331 HK"/>
        </identifiers>
        <balance>165000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>159495.545053</valUSD>
        <pctVal>0.002773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES BEER</name>
        <lei>N/A</lei>
        <title>China Resources Beer Holdings Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="291 HK"/>
        </identifiers>
        <balance>180000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>159063.835561</valUSD>
        <pctVal>0.002766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGNAN RED ARROW</name>
        <lei>3003004CY5NZRROH2J42</lei>
        <title>North Industries Group Red Arrow Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="000519C2"/>
        </identifiers>
        <balance>180048</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>79849.320284</valUSD>
        <pctVal>0.001388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTI</name>
        <lei>N/A</lei>
        <title>Centre Testing International Group Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300012C2"/>
        </identifiers>
        <balance>50050</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>20213.543547</valUSD>
        <pctVal>0.000351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EWPT</name>
        <lei>N/A</lei>
        <title>Shenzhen Everwin Precision Technology Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300115C2"/>
        </identifiers>
        <balance>500000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>106123.845047</valUSD>
        <pctVal>0.001845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGLAI MATERIALS</name>
        <lei>N/A</lei>
        <title>Kunshan Kinglai Hygienic Materials Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300260C2"/>
        </identifiers>
        <balance>70000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>137090.263989</valUSD>
        <pctVal>0.002383</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>JINGSHENG</name>
        <lei>N/A</lei>
        <title>Zhejiang Jingsheng Mechanical &amp; Electrical Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300316C2"/>
        </identifiers>
        <balance>90000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>120385.658281</valUSD>
        <pctVal>0.002093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREAT POWER</name>
        <lei>N/A</lei>
        <title>Guangzhou Great Power Energy &amp; Technology Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300438C2"/>
        </identifiers>
        <balance>75000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>111543.53988</valUSD>
        <pctVal>0.001939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunresin New Materials Co Ltd</name>
        <lei>N/A</lei>
        <title>Sunresin New Materials Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300487C2"/>
        </identifiers>
        <balance>70077</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>101073.694156</valUSD>
        <pctVal>0.001757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rianlon Corp</name>
        <lei>N/A</lei>
        <title>Rianlon Corp</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300596C2"/>
        </identifiers>
        <balance>94929</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>103076.587884</valUSD>
        <pctVal>0.001792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KFMI</name>
        <lei>N/A</lei>
        <title>Konfoong Materials International Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300666C2"/>
        </identifiers>
        <balance>80000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>146271.350406</valUSD>
        <pctVal>0.002543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen SC New Energy Technol</name>
        <lei>30030050928CNGYD2N39</lei>
        <title>Shenzhen SC New Energy Technology Corp</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300724C2"/>
        </identifiers>
        <balance>65000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>148248.773127</valUSD>
        <pctVal>0.002577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nanjing Cosmos Chemical Co Ltd</name>
        <lei>N/A</lei>
        <title>Nanjing Cosmos Chemical Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300856CH"/>
        </identifiers>
        <balance>85000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>105485.455212</valUSD>
        <pctVal>0.001834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luzhou Laojiao Co Ltd</name>
        <lei>N/A</lei>
        <title>Luzhou Laojiao Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="000568C2"/>
        </identifiers>
        <balance>35000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>160363.381374</valUSD>
        <pctVal>0.002788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imeik Technology Development C</name>
        <lei>N/A</lei>
        <title>Imeik Technology Development Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300896C2"/>
        </identifiers>
        <balance>10000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>97138.203689</valUSD>
        <pctVal>0.001689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xinxiang Richful Lube Additive</name>
        <lei>N/A</lei>
        <title>Xinxiang Richful Lube Additive Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="300910C2"/>
        </identifiers>
        <balance>75000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>164692.069043</valUSD>
        <pctVal>0.002863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meituan</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="3690 HK"/>
        </identifiers>
        <balance>110000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>294507.446144</valUSD>
        <pctVal>0.00512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIA</name>
        <lei>3003000CIJ7O6AOQF345</lei>
        <title>Shanghai International Airport Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="600009C1"/>
        </identifiers>
        <balance>190000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>217337.804603</valUSD>
        <pctVal>0.003779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YTO Express Group Co Ltd</name>
        <lei>N/A</lei>
        <title>YTO Express Group Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="600233C1"/>
        </identifiers>
        <balance>400032</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>164559.662681</valUSD>
        <pctVal>0.002861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongfa Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Hongfa Technology Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="600885C1"/>
        </identifiers>
        <balance>188092</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>129596.337714</valUSD>
        <pctVal>0.002253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>USISH</name>
        <lei>655600ZQ6P2GFIBK8C07</lei>
        <title>Universal Scientific Industrial Shanghai Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="601231C1"/>
        </identifiers>
        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>119231.302177</valUSD>
        <pctVal>0.002073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINGBO HAITIAN PRECISION MACHI</name>
        <lei>N/A</lei>
        <title>Ningbo Haitian Precision Machinery Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="601882C1"/>
        </identifiers>
        <balance>350000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>122088.011902</valUSD>
        <pctVal>0.002123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Tourism Group Duty Free</name>
        <lei>N/A</lei>
        <title>China Tourism Group Duty Free Corp Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="601888C1"/>
        </identifiers>
        <balance>25000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>97409.834725</valUSD>
        <pctVal>0.001694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINGBO ORIENT WIRES &amp; CABLES</name>
        <lei>N/A</lei>
        <title>Ningbo Orient Wires &amp; Cables Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="603606C1"/>
        </identifiers>
        <balance>125000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>172241.320228</valUSD>
        <pctVal>0.002995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ninestar Corp</name>
        <lei>N/A</lei>
        <title>Ninestar Corp</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="002180C2"/>
        </identifiers>
        <balance>170000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>145470.775045</valUSD>
        <pctVal>0.002529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Milkyway Chemical Supply Chain</name>
        <lei>N/A</lei>
        <title>Milkyway Chemical Supply Chain Service Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="603713C1"/>
        </identifiers>
        <balance>60000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>149099.622067</valUSD>
        <pctVal>0.002592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ningbo Deye Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Ningbo Deye Technology Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="605117C1"/>
        </identifiers>
        <balance>19972</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>166116.964689</valUSD>
        <pctVal>0.002888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hygeia Healthcare Holdings Co</name>
        <lei>2549001Z9KHQTRR29237</lei>
        <title>Hygeia Healthcare Holdings Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="6078 HK"/>
        </identifiers>
        <balance>240000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>171025.80226</valUSD>
        <pctVal>0.002974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YOFC</name>
        <lei>52990001VWJO1YB9S047</lei>
        <title>Yangtze Optical Fibre and Cable Joint Stock Ltd Co</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="6869 HK"/>
        </identifiers>
        <balance>400000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>115321.890009</valUSD>
        <pctVal>0.002005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Autowell Technology Co Lt</name>
        <lei>N/A</lei>
        <title>Wuxi Autowell Technology Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="688516C1"/>
        </identifiers>
        <balance>18000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>123309.645758</valUSD>
        <pctVal>0.002144</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>BOE Varitronix Ltd</name>
        <lei>529900SG21VXEZYNQO29</lei>
        <title>BOE Varitronix Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="710 HK"/>
        </identifiers>
        <balance>550000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>125963.62154</valUSD>
        <pctVal>0.00219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E Ink Holdings Inc</name>
        <lei>529900UOR451FJJYL571</lei>
        <title>E Ink Holdings Inc</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="8069 TT"/>
        </identifiers>
        <balance>200000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.749"/>
        <valUSD>41588.295064</valUSD>
        <pctVal>0.000723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Longfor Group Holdings Ltd</name>
        <lei>254900UJX27B2F1JYR13</lei>
        <title>Longfor Group Holdings Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="960 HK"/>
        </identifiers>
        <balance>350000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>127811.952049</valUSD>
        <pctVal>0.002222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD.com Inc</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com Inc</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="9618 HK"/>
        </identifiers>
        <balance>55000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>176763.593513</valUSD>
        <pctVal>0.003073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianqi Lithium Corp</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
        <title>Tianqi Lithium Corp</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="9696 HK"/>
        </identifiers>
        <balance>30000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>33350.757354</valUSD>
        <pctVal>0.00058</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 Technology Group Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="002371C2"/>
        </identifiers>
        <balance>25000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>137762.381543</valUSD>
        <pctVal>0.002395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trip.com Group Ltd</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="9961 HK"/>
        </identifiers>
        <balance>55000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>189319.609667</valUSD>
        <pctVal>0.003292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="9988 HK"/>
        </identifiers>
        <balance>160000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>203406.969693</valUSD>
        <pctVal>0.003536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NetEase Inc</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase Inc</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="9999 HK"/>
        </identifiers>
        <balance>80000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>153782.600609</valUSD>
        <pctVal>0.002674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pinduoduo Inc</name>
        <lei>5493000573DS7005T657</lei>
        <title>Pinduoduo Inc</title>
        <cusip>722304102</cusip>
        <identifiers>
          <ticker value="PDD"/>
        </identifiers>
        <balance>35000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2190300</valUSD>
        <pctVal>0.038081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <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>Yum China Holdings Inc</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>Yum China Holdings Inc</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <ticker value="YUMC"/>
        </identifiers>
        <balance>30500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1443565</valUSD>
        <pctVal>0.025098</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>DSBJ</name>
        <lei>300300PUYVPZAJYVAE50</lei>
        <title>Suzhou Dongshan Precision Manufacturing Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="002384C2"/>
        </identifiers>
        <balance>200000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>91557.108811</valUSD>
        <pctVal>0.001592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHUANGHUAN DR.</name>
        <lei>N/A</lei>
        <title>Zhejiang Shuanghuan Driveline Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="002472C2"/>
        </identifiers>
        <balance>170000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>98177.180167</valUSD>
        <pctVal>0.001707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LXJM</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>Luxshare Precision Industry Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="002475C2"/>
        </identifiers>
        <balance>170000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>98885.778148</valUSD>
        <pctVal>0.001719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KSTAR</name>
        <lei>N/A</lei>
        <title>Shenzhen Kstar Science And Technology Co Ltd</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="002518C2"/>
        </identifiers>
        <balance>110000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.0912"/>
        <valUSD>99827.091324</valUSD>
        <pctVal>0.001736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-11-28</ncom:dateSigned>
      <ncom:nameOfApplicant>The Oberweis Funds</ncom:nameOfApplicant>
      <ncom:signature>Eric Hannemann</ncom:signature>
      <ncom:signerName>Eric Hannemann</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
