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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>INNOVENT BIOLOGICS INC</name>
        <lei>25490058ONL9SCIE1R22</lei>
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        <cusip>000000000</cusip>
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          <isin value="KYG4818G1010"/>
          <ticker value="1801"/>
          <other otherDesc="SEDOL" value="BGR6KX5"/>
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        <balance>35500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CMOC Group Limited</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CMOC Group Limited 'A'CNY0.2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001NR0"/>
          <ticker value="603993"/>
          <other otherDesc="SEDOL" value="BP3R574"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Contemporary Amperex Technology Co Ltd.</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co Ltd. 'A' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003662"/>
          <ticker value="300750"/>
          <other otherDesc="SEDOL" value="BHQPSY7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>China Merchants Bank Co Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>China Merchants Bank Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002M1"/>
          <ticker value="3968"/>
          <other otherDesc="SEDOL" value="B1DYPZ5"/>
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        <balance>63500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China Life Insurance Co Ltd.</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>China Life Insurance Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002L3"/>
          <ticker value="2628"/>
          <other otherDesc="SEDOL" value="6718976"/>
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        <balance>195000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>New China Life Insurance Co Ltd.</name>
        <lei>300300F2001111000095</lei>
        <title>New China Life Insurance Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001922"/>
          <ticker value="1336"/>
          <other otherDesc="SEDOL" value="B5730Z1"/>
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        <balance>59700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FOXCONN INDUSTRIAL INTERNET CO LTD</name>
        <lei>N/A</lei>
        <title>Foxconn Industrial Internet Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000031P3"/>
          <ticker value="601138"/>
          <other otherDesc="SEDOL" value="BG20N99"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Money Information Co Ltd.</name>
        <lei>836800ZFB0ZEK3KKW487</lei>
        <title>East Money Information Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000MD4"/>
          <ticker value="300059"/>
          <other otherDesc="SEDOL" value="BD5CPC8"/>
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        <balance>29240.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
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        <pctVal>0.385933303914</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>LONGFOR GROUP HOLDINGS LTD</name>
        <lei>254900UJX27B2F1JYR13</lei>
        <title>Longfor Group Holdings Ltd. HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5635P1090"/>
          <ticker value="960"/>
          <other otherDesc="SEDOL" value="B56KLY9"/>
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        <balance>97500.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>93891.10000000</valUSD>
        <pctVal>0.453104073883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TCOM/TRIP.COM GROUP LTD</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd. ADS</title>
        <cusip>89677Q107</cusip>
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          <isin value="US89677Q1076"/>
          <ticker value="TCOM"/>
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        <balance>2034.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101272.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montage Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Montage Technology Co Ltd A CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100003MN7"/>
          <ticker value="688008"/>
          <other otherDesc="SEDOL" value="BK71F77"/>
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        <balance>10034.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>China Construction Bank Corp.</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corp. 'H'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000002H1"/>
          <ticker value="939"/>
          <other otherDesc="SEDOL" value="B0LMTQ3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUZHOU TFC OPTICAL COMMUNICATION CO LTD</name>
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        <title>Suzhou Tfc Optical Commun Co Ltd 'A'CNY1</title>
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          <isin value="CNE100001XQ1"/>
          <ticker value="300394"/>
          <other otherDesc="SEDOL" value="BL5P4J3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MINTH GROUP LTD</name>
        <lei>254900B2AH0G13K9G204</lei>
        <title>Minth Group Ltd. HKD0.1</title>
        <cusip>000000000</cusip>
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          <isin value="KYG6145U1094"/>
          <ticker value="425"/>
          <other otherDesc="SEDOL" value="B0RJCG9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hong Kong Exchanges &amp; Clearing Ltd.</name>
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        <title>Hong Kong Exchanges &amp; Clearing Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0388045442"/>
          <ticker value="388"/>
          <other otherDesc="SEDOL" value="6267359"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>QFIN HOLDINGS INC</name>
        <lei>836800R59NKEPDR6I240</lei>
        <title>Qfin Holdings Inc. AMERICAN DEP</title>
        <cusip>88557W101</cusip>
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          <ticker value="QFIN"/>
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        <curCd>USD</curCd>
        <valUSD>78596.08000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>China Oilfield Services Ltd.</name>
        <lei>529900J4X53VL8QQW675</lei>
        <title>China Oilfield Services Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
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          <ticker value="2883"/>
          <other otherDesc="SEDOL" value="6560995"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sungrow Power Supply Co Ltd.</name>
        <lei>30030052IWC7RGVFG505</lei>
        <title>Sungrow Power Supply Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
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          <ticker value="300274"/>
          <other otherDesc="SEDOL" value="BD5CGB4"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Meituan LLC</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan LLC USD0.00001 B CLASS</title>
        <cusip>000000000</cusip>
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          <isin value="KYG596691041"/>
          <ticker value="3690"/>
          <other otherDesc="SEDOL" value="BGJW376"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yutong Bus Co Ltd.</name>
        <lei>300300OMPRVW0Q75F037</lei>
        <title>Yutong Bus Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE000000PY4"/>
          <ticker value="600066"/>
          <other otherDesc="SEDOL" value="BP3R5T6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KANZHUN LTD</name>
        <lei>254900F4ZCBITP7L0251</lei>
        <title>Kanzhun Limited SPONSORED ADS</title>
        <cusip>48553T106</cusip>
        <identifiers>
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          <ticker value="BZ"/>
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        <curCd>USD</curCd>
        <valUSD>206634.48000000</valUSD>
        <pctVal>0.997186364765</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kuaishou Technology</name>
        <lei>300300FCDZBE6UP9ED24</lei>
        <title>Kuaishou Technology USD0.0000053 B CLASS</title>
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          <isin value="KYG532631028"/>
          <ticker value="1024"/>
          <other otherDesc="SEDOL" value="BLC90T0"/>
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        <balance>44400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd. HKD0.00002</title>
        <cusip>000000000</cusip>
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          <isin value="KYG875721634"/>
          <ticker value="700"/>
          <other otherDesc="SEDOL" value="BMMV2K8"/>
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        <balance>42400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XINYI SOLAR HOLDINGS LTD</name>
        <lei>529900QF7VIH03SB7Q08</lei>
        <title>Xinyi Solar Holdings Ltd. HKD0.10</title>
        <cusip>000000000</cusip>
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          <isin value="KYG9829N1025"/>
          <ticker value="968"/>
          <other otherDesc="SEDOL" value="BGQYNN1"/>
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        <pctVal>0.942160996724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWAY VALVE (SUZHOU) CO LTD</name>
        <lei>N/A</lei>
        <title>Newat Valve (Suzhou) Co Ltd 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001SJ6"/>
          <ticker value="603699"/>
          <other otherDesc="SEDOL" value="BS7K3W1"/>
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        <balance>30000.00000000</balance>
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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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      <invstOrSec>
        <name>Hithink RoyalFlush Information Network Co Ltd.</name>
        <lei>300300TIQA4R0NPLQE78</lei>
        <title>Hithink RoyalFlush Information Network Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000JG3"/>
          <ticker value="300033"/>
          <other otherDesc="SEDOL" value="BD5CN46"/>
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        <balance>2700.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
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        <pctVal>0.563133093655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China Merchants Securities Co Ltd.</name>
        <lei>30030060IEIMX476KH87</lei>
        <title>China Merchants Securities Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000029Z6"/>
          <ticker value="6099"/>
          <other otherDesc="SEDOL" value="BDCFSQ5"/>
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        <balance>252000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
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        <pctVal>2.035076673019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PDD HOLDINGS INC</name>
        <lei>5493000573DS7005T657</lei>
        <title>PDD Holdings Inc. SPONSORED ADS</title>
        <cusip>722304102</cusip>
        <identifiers>
          <isin value="US7223041028"/>
          <ticker value="PDD"/>
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        <balance>4299.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>439271.82000000</valUSD>
        <pctVal>2.119858550856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JP MORGAN US GOVT CAPITAL</name>
        <lei>N/A</lei>
        <title>JP MORGAN US GOVT CAPITAL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="X9USDRGAN"/>
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        <balance>426781.75000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>426781.75000000</valUSD>
        <pctVal>2.059583385264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WuXi AppTec Co Ltd.</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WuXi AppTec Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
          <ticker value="603259"/>
          <other otherDesc="SEDOL" value="BHWLWV4"/>
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        <balance>29800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>423267.26000000</valUSD>
        <pctVal>2.042622994592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jiangsu Zhongtian Technology Co Ltd.</name>
        <lei>3003006LG5TV3D5D3508</lei>
        <title>Jiangsu Zhongtian Technology Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001CW4"/>
          <ticker value="600522"/>
          <other otherDesc="SEDOL" value="BP3R9T4"/>
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        <balance>118800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>517568.74000000</valUSD>
        <pctVal>2.497707499527</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>OmniVision Integrated Circuits Group Inc.</name>
        <lei>8368000MFHXX01GPND38</lei>
        <title>OmniVision Integrated Circuits Group Inc. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002XM8"/>
          <ticker value="603501"/>
          <other otherDesc="SEDOL" value="BK947V2"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>274979.37000000</valUSD>
        <pctVal>1.327008340310</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>JCHX Mining Management Co.,Ltd.</name>
        <lei>300300I7N1GGC3X0M541</lei>
        <title>JCHX Mining Management Co.,Ltd. CNY1 A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000022P2"/>
          <ticker value="603979"/>
          <other otherDesc="SEDOL" value="BZ76QG3"/>
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        <balance>20300.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
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        <pctVal>0.806077229538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA YUCHAI INTERNATIONAL LTD</name>
        <lei>529900DHISUGAY2ARU76</lei>
        <title>China Yuchai International Ltd. COM</title>
        <cusip>000000000</cusip>
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          <isin value="BMG210821051"/>
          <ticker value="CYD"/>
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        <balance>5410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208285.00000000</valUSD>
        <pctVal>1.005151521591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Galaxy Entertainment Group Ltd.</name>
        <lei>549300ZSEBV3HR826S10</lei>
        <title>Galaxy Entertainment Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0027032686"/>
          <ticker value="27"/>
          <other otherDesc="SEDOL" value="6465874"/>
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        <balance>76000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
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        <pctVal>1.637299148282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Midea Group Co Ltd.</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>Midea Group Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100001QQ5"/>
          <ticker value="000333"/>
          <other otherDesc="SEDOL" value="BD5CPP1"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NAURA Technology Group Co Ltd.</name>
        <lei>300300JI5I0B95GO5C39</lei>
        <title>NAURA Technology Group Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100000ML7"/>
          <ticker value="002371"/>
          <other otherDesc="SEDOL" value="BD5LYF1"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cambricon Technologies Corp Ltd</name>
        <lei>N/A</lei>
        <title>Cambricon Technologies Corp Ltd A CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000041R8"/>
          <ticker value="688256"/>
          <other otherDesc="SEDOL" value="BNHPMD5"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DONGYUE GROUP LTD</name>
        <lei>529900EJNEZTJBHCHW95</lei>
        <title>Dongyue Group Ltd. HKD0.1</title>
        <cusip>000000000</cusip>
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          <isin value="KYG2816P1072"/>
          <ticker value="189"/>
          <other otherDesc="SEDOL" value="B29MXW3"/>
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        <pctVal>0.426239452843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mmg Ltd</name>
        <lei>529900XB5IQXFMSWEC48</lei>
        <title>Mmg Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK1208013172"/>
          <ticker value="1208"/>
          <other otherDesc="SEDOL" value="6728793"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
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        <pctVal>0.817713987202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</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 CLOU ELECTRONICS CO LTD</name>
        <lei>N/A</lei>
        <title>Shenzhen Clou Electronics Co., Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000023"/>
          <ticker value="002121"/>
          <other otherDesc="SEDOL" value="BD5C960"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>191177.41000000</valUSD>
        <pctVal>0.922592911421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China International Capital Corp Ltd.</name>
        <lei>529900OS3SVVTT56QN67</lei>
        <title>China International Capital Corp Ltd. CNY1 H</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002359"/>
          <ticker value="3908"/>
          <other otherDesc="SEDOL" value="BZ169C6"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>388943.14000000</valUSD>
        <pctVal>1.876980046491</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>JD.COM INC</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com Inc. USD0.00002 A CLASS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8208B1014"/>
          <ticker value="9618"/>
          <other otherDesc="SEDOL" value="BKPQZT6"/>
        </identifiers>
        <balance>33250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>480077.04000000</valUSD>
        <pctVal>2.316778295301</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Insurance (Group) Company of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance (Group) Company of China Ltd. 'H' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
          <ticker value="2318"/>
          <other otherDesc="SEDOL" value="B01FLR7"/>
        </identifiers>
        <balance>106500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>807559.12000000</valUSD>
        <pctVal>3.897156675914</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 Co Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
          <ticker value="1211"/>
          <other otherDesc="SEDOL" value="6536651"/>
        </identifiers>
        <balance>17100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>230756.87000000</valUSD>
        <pctVal>1.113597325770</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>Bank of Ningbo Co Ltd.</name>
        <lei>300300C1092133000091</lei>
        <title>Bank of Ningbo Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000005P7"/>
          <ticker value="002142"/>
          <other otherDesc="SEDOL" value="BD5CP06"/>
        </identifiers>
        <balance>51100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>225287.76000000</valUSD>
        <pctVal>1.087204238230</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 OVERSEAS PROPERTY HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>China Overseas Property Holdings Ltd. HKD0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2118M1096"/>
          <ticker value="2669"/>
          <other otherDesc="SEDOL" value="BYYMZN7"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>93205.53000000</valUSD>
        <pctVal>0.449795618024</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Mining Group Co Ltd.</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>Zijin Mining Group Co Ltd. 'A'CNY0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000B24"/>
          <ticker value="601899"/>
          <other otherDesc="SEDOL" value="BP3R400"/>
        </identifiers>
        <balance>81300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>385152.97000000</valUSD>
        <pctVal>1.858689266345</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>KINGBOARD LAMINATES HOLDINGS LTD</name>
        <lei>529900B76JV9QCZINB33</lei>
        <title>Kingboard Laminates Holdings Ltd. HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5257K1076"/>
          <ticker value="1888"/>
          <other otherDesc="SEDOL" value="B1HHFV6"/>
        </identifiers>
        <balance>40500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>98871.20000000</valUSD>
        <pctVal>0.477137274030</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMOC Group Limited</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CMOC Group Limited 'H'CNY0.2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000114"/>
          <ticker value="3993"/>
          <other otherDesc="SEDOL" value="B1VRCG6"/>
        </identifiers>
        <balance>156000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>320348.97000000</valUSD>
        <pctVal>1.545955083830</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 Merchants Bank Co Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>China Merchants Bank Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
          <ticker value="600036"/>
          <other otherDesc="SEDOL" value="BP3R273"/>
        </identifiers>
        <balance>74500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>424130.19000000</valUSD>
        <pctVal>2.046787362657</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>ALIBABA GROUP HOLDING LTD</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd. USD0.000003125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
          <ticker value="9988"/>
          <other otherDesc="SEDOL" value="BK6YZP5"/>
        </identifiers>
        <balance>105700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>1604334.07000000</valUSD>
        <pctVal>7.742270598463</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES LAND LTD</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>China Resources Land Ltd. ORD HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
          <ticker value="1109"/>
          <other otherDesc="SEDOL" value="6193766"/>
        </identifiers>
        <balance>57000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>208219.18000000</valUSD>
        <pctVal>1.004833884348</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZHOU EVERBRIGHT PHOTONICS CO LTD</name>
        <lei>N/A</lei>
        <title>Suzhou Everbright Photonics Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100005ZH6"/>
          <ticker value="688048"/>
          <other otherDesc="SEDOL" value="BNDKP46"/>
        </identifiers>
        <balance>6582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>196315.46000000</valUSD>
        <pctVal>0.947388354086</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>TIMES CHINA HOLDINGS LTD</name>
        <lei>2549000KTINB9ZPZP710</lei>
        <title>Times China Holdings Limited HKD0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8904A1004"/>
          <ticker value="1233"/>
          <other otherDesc="SEDOL" value="BH3FTS1"/>
        </identifiers>
        <balance>1260000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>11731.84000000</valUSD>
        <pctVal>0.056616063696</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUTU HOLDINGS LTD</name>
        <lei>213800X4W4ZRESFPTQ37</lei>
        <title>Futu Holdings Ltd. SPON ADS CL A</title>
        <cusip>36118L106</cusip>
        <identifiers>
          <isin value="US36118L1061"/>
          <ticker value="FUTU"/>
        </identifiers>
        <balance>1555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212661.80000000</valUSD>
        <pctVal>1.026273288303</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jd Logistics Inc</name>
        <lei>655600LWTFVMV3E2A890</lei>
        <title>Jd Logistics Inc USD0.000025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5074S1012"/>
          <ticker value="2618"/>
          <other otherDesc="SEDOL" value="BNMBPD9"/>
        </identifiers>
        <balance>265300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>461894.47000000</valUSD>
        <pctVal>2.229031996231</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>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Matthews International Funds</ncom:nameOfApplicant>
      <ncom:signature>Shai Malka</ncom:signature>
      <ncom:signerName>Shai Malka</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
