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        <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>ZWSOFT Co Ltd Guangzhou</name>
        <lei>N/A</lei>
        <title>ZWSOFT Co Ltd Guangzhou</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000053S1"/>
          <ticker value="688083"/>
          <other otherDesc="SEDOL" value="BQ3RX99"/>
        </identifiers>
        <balance>2489.20000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>22382.52000000</valUSD>
        <pctVal>0.967510200085</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>Crystal International Group Lt</name>
        <lei>N/A</lei>
        <title>Crystal International Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2701R1011"/>
          <ticker value="2232"/>
          <other otherDesc="SEDOL" value="BF09MJ4"/>
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        <balance>43500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>25878.34000000</valUSD>
        <pctVal>1.118621044962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DPC Dash Ltd</name>
        <lei>254900OG7TEI5GQICO05</lei>
        <title>DPC Dash Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VGG2R04S1048"/>
          <ticker value="1405"/>
          <other otherDesc="SEDOL" value="BQXQK73"/>
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        <balance>5600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>73263.69000000</valUSD>
        <pctVal>3.166907362125</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>FIT Hon Teng Ltd</name>
        <lei>3003001IDFNIKMGLFJ67</lei>
        <title>FIT Hon Teng Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3R83K1037"/>
          <ticker value="6088"/>
          <other otherDesc="SEDOL" value="BYVSXD4"/>
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        <balance>69000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>20656.05000000</valUSD>
        <pctVal>0.892881546335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Giant Biogene Holding Co ltd</name>
        <lei>N/A</lei>
        <title>Giant Biogene Holding Co ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3887G1091"/>
          <ticker value="2367"/>
          <other otherDesc="SEDOL" value="BNNJRV4"/>
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        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>22050.96000000</valUSD>
        <pctVal>0.953178137300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>299152.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>299152.40000000</valUSD>
        <pctVal>12.93120695882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kuaishou Technology</name>
        <lei>300300FCDZBE6UP9ED24</lei>
        <title>Kuaishou Technology</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG532631028"/>
          <ticker value="1024"/>
          <other otherDesc="SEDOL" value="BLC90T0"/>
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        <balance>1500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>12095.54000000</valUSD>
        <pctVal>0.522843644305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Full Truck Alliance Co Ltd</name>
        <lei>984500884LB1DP8DAC57</lei>
        <title>Full Truck Alliance Co Ltd</title>
        <cusip>35969L108</cusip>
        <identifiers>
          <isin value="US35969L1089"/>
          <ticker value="YMM"/>
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        <balance>4947.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58424.07000000</valUSD>
        <pctVal>2.525447700059</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>Sichuan Kelun-Biotech Biopharm</name>
        <lei>N/A</lei>
        <title>Sichuan Kelun-Biotech Biopharmaceutical Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000062J1"/>
          <ticker value="6990"/>
          <other otherDesc="SEDOL" value="BPXZ192"/>
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        <balance>1500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>62522.29000000</valUSD>
        <pctVal>2.702597978588</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>Elite Material Co Ltd</name>
        <lei>N/A</lei>
        <title>Elite Material Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002383007"/>
          <ticker value="2383"/>
          <other otherDesc="SEDOL" value="6316121"/>
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        <balance>1000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.21200000"/>
        <valUSD>30193.07000000</valUSD>
        <pctVal>1.305130217549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SITC International Holdings Co</name>
        <lei>529900JUV4MOM9CE3V12</lei>
        <title>SITC International Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8187G1055"/>
          <ticker value="1308"/>
          <other otherDesc="SEDOL" value="B61X7R5"/>
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        <balance>13000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>41649.68000000</valUSD>
        <pctVal>1.800355376888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CTI</name>
        <lei>8368009FQ1ZOBVGD5Y61</lei>
        <title>Centre Testing International Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000GV8"/>
          <ticker value="300012"/>
          <other otherDesc="SEDOL" value="B4VM756"/>
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        <balance>6300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16550000"/>
        <valUSD>10278.00000000</valUSD>
        <pctVal>0.444278384939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JASON FURNITURE HANGZHOU CO LT</name>
        <lei>N/A</lei>
        <title>Jason Furniture Hangzhou Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002GF7"/>
          <ticker value="603816"/>
          <other otherDesc="SEDOL" value="BYW5R09"/>
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        <balance>5700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>20307.27000000</valUSD>
        <pctVal>0.877805129221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Xiamen Faratronic Co Ltd</name>
        <lei>N/A</lei>
        <title>Xiamen Faratronic Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001D72"/>
          <ticker value="600563"/>
          <other otherDesc="SEDOL" value="BP3RDD6"/>
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        <balance>2800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>42642.13000000</valUSD>
        <pctVal>1.843255170927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Beijing Yanjing Brewery Co Ltd</name>
        <lei>N/A</lei>
        <title>Beijing Yanjing Brewery Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000S84"/>
          <ticker value="000729"/>
          <other otherDesc="SEDOL" value="BD5CKK1"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>27076.08000000</valUSD>
        <pctVal>1.170394735639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KB LAMINATES</name>
        <lei>529900B76JV9QCZINB33</lei>
        <title>Kingboard Laminates Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5257K1076"/>
          <ticker value="1888"/>
          <other otherDesc="SEDOL" value="B1HHFV6"/>
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        <balance>28500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>34708.28000000</valUSD>
        <pctVal>1.500305368985</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>KINGDEE INT'L</name>
        <lei>529900SWRZN94C5SZO63</lei>
        <title>Kingdee International Software Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG525681477"/>
          <ticker value="268"/>
          <other otherDesc="SEDOL" value="6327587"/>
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        <balance>16000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>31470.06000000</valUSD>
        <pctVal>1.360329580731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Greentown China Holdings Ltd</name>
        <lei>529900BLBC6YDNWS8530</lei>
        <title>Greentown China Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4100M1050"/>
          <ticker value="3900"/>
          <other otherDesc="SEDOL" value="B17N9P6"/>
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        <balance>24000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
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        <pctVal>1.248877865317</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>
      <invstOrSec>
        <name>Medlive Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Medlive Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5961B1041"/>
          <ticker value="2192"/>
          <other otherDesc="SEDOL" value="BN7RMD1"/>
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        <balance>8500.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>15895.54000000</valUSD>
        <pctVal>0.687103019940</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>
      <invstOrSec>
        <name>Maoyan Entertainment</name>
        <lei>254900DBFLAM1EAPV891</lei>
        <title>Maoyan Entertainment</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5804A1076"/>
          <ticker value="1896"/>
          <other otherDesc="SEDOL" value="BHHD4Q4"/>
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        <balance>23000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>21359.24000000</valUSD>
        <pctVal>0.923277743796</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>
      <invstOrSec>
        <name>Yifeng Pharmacy Chain Co Ltd</name>
        <lei>300300CZZIF44N1EZO06</lei>
        <title>Yifeng Pharmacy Chain Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001TS5"/>
          <ticker value="603939"/>
          <other otherDesc="SEDOL" value="BYYFJV2"/>
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        <balance>8200.00000000</balance>
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        <valUSD>28011.98000000</valUSD>
        <pctVal>1.210850090811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wasion Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Wasion Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9463P1081"/>
          <ticker value="3393"/>
          <other otherDesc="SEDOL" value="B0T4J94"/>
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        <balance>46000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>48871.34000000</valUSD>
        <pctVal>2.112519946005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meitu Inc</name>
        <lei>529900P2POH56W116T02</lei>
        <title>Meitu Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5966D1051"/>
          <ticker value="1357"/>
          <other otherDesc="SEDOL" value="BYYNH90"/>
        </identifiers>
        <balance>43500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>50038.85000000</valUSD>
        <pctVal>2.162986910122</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 OVS PPT</name>
        <lei>N/A</lei>
        <title>China Overseas Property Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2118M1096"/>
          <ticker value="2669"/>
          <other otherDesc="SEDOL" value="BYYMZN7"/>
        </identifiers>
        <balance>65000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>45375.80000000</valUSD>
        <pctVal>1.961421204451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPEC SEG</name>
        <lei>529900MZVFFC7D57VV51</lei>
        <title>Sinopec Engineering Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001NV2"/>
          <ticker value="2386"/>
          <other otherDesc="SEDOL" value="B92NYC9"/>
        </identifiers>
        <balance>44500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>33899.36000000</valUSD>
        <pctVal>1.465338870528</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>Tongcheng Travel Holdings Ltd</name>
        <lei>2549004WGGNOPL8NUL61</lei>
        <title>Tongcheng Travel Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8918W1069"/>
          <ticker value="780"/>
          <other otherDesc="SEDOL" value="BGM5R25"/>
        </identifiers>
        <balance>25200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>62855.54000000</valUSD>
        <pctVal>2.717003093570</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>Hongfa Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Hongfa Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000JK6"/>
          <ticker value="600885"/>
          <other otherDesc="SEDOL" value="BYQDM93"/>
        </identifiers>
        <balance>13860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>43167.68000000</valUSD>
        <pctVal>1.865972674839</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 EB INT'L</name>
        <lei>N/A</lei>
        <title>China Everbright Environment Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0257001336"/>
          <ticker value="257"/>
          <other otherDesc="SEDOL" value="6630940"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>46229.30000000</valUSD>
        <pctVal>1.998314724741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anhui Jinhe Industrial Co Ltd</name>
        <lei>300300G82LSX44M9RH41</lei>
        <title>Anhui Jinhe Industrial Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000015C4"/>
          <ticker value="002597"/>
          <other otherDesc="SEDOL" value="BD6QVY3"/>
        </identifiers>
        <balance>3200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>10520.51000000</valUSD>
        <pctVal>0.454761158935</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>Microport Scientific Corp</name>
        <lei>5299009MK4VZID944A20</lei>
        <title>Microport Scientific Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG608371046"/>
          <ticker value="853"/>
          <other otherDesc="SEDOL" value="B676TW7"/>
        </identifiers>
        <balance>11600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>12944.71000000</valUSD>
        <pctVal>0.559549995360</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>Samsonite Group SA</name>
        <lei>549300UULS5HYFJSEL12</lei>
        <title>Samsonite Group SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU0633102719"/>
          <ticker value="1910"/>
          <other otherDesc="SEDOL" value="B4Q1532"/>
        </identifiers>
        <balance>6900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>12833.12000000</valUSD>
        <pctVal>0.554726389116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACM Research Inc</name>
        <lei>549300MCTENUWL2GJL61</lei>
        <title>ACM Research Inc</title>
        <cusip>00108J109</cusip>
        <identifiers>
          <isin value="US00108J1097"/>
          <ticker value="ACMR"/>
        </identifiers>
        <balance>2572.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66614.80000000</valUSD>
        <pctVal>2.879501435793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNeVision Holdings Ltd</name>
        <lei>N/A</lei>
        <title>SUNeVision Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG857001054"/>
          <ticker value="1686"/>
          <other otherDesc="SEDOL" value="6222217"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>48152.87000000</valUSD>
        <pctVal>2.081463252949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunresin New Materials Co Ltd</name>
        <lei>N/A</lei>
        <title>Sunresin New Materials Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002136"/>
          <ticker value="300487"/>
          <other otherDesc="SEDOL" value="BHQPSB4"/>
        </identifiers>
        <balance>6400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>44941.12000000</valUSD>
        <pctVal>1.942631660924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Conant Optical Co Ltd</name>
        <lei>N/A</lei>
        <title>Shanghai Conant Optical Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100004Z14"/>
          <ticker value="2276"/>
          <other otherDesc="SEDOL" value="BLSNGF4"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>14292.99000000</valUSD>
        <pctVal>0.617830950881</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>SHUANGHUAN DR.</name>
        <lei>N/A</lei>
        <title>Zhejiang Shuanghuan Driveline Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000TF4"/>
          <ticker value="002472"/>
          <other otherDesc="SEDOL" value="BP91M35"/>
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        <balance>12500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>58441.47000000</valUSD>
        <pctVal>2.526199835094</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>Xtep International Holdings Lt</name>
        <lei>529900ZZZZBTOKZQI549</lei>
        <title>Xtep International Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG982771092"/>
          <ticker value="1368"/>
          <other otherDesc="SEDOL" value="B2RJYH8"/>
        </identifiers>
        <balance>31000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>22233.12000000</valUSD>
        <pctVal>0.961052213054</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>Kanzhun Ltd</name>
        <lei>254900F4ZCBITP7L0251</lei>
        <title>Kanzhun Ltd</title>
        <cusip>48553T106</cusip>
        <identifiers>
          <isin value="US48553T1060"/>
          <ticker value="BZ"/>
        </identifiers>
        <balance>1507.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26884.88000000</valUSD>
        <pctVal>1.162129895475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEGMEET</name>
        <lei>N/A</lei>
        <title>Shenzhen Megmeet Electrical Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002JV8"/>
          <ticker value="002851"/>
          <other otherDesc="SEDOL" value="BHQPRT5"/>
        </identifiers>
        <balance>6800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>47598.05000000</valUSD>
        <pctVal>2.057480519583</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>ENN Natural Gas Co Ltd</name>
        <lei>300300KVDMGNQNP52Z98</lei>
        <title>ENN Natural Gas Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000DG7"/>
          <ticker value="600803"/>
          <other otherDesc="SEDOL" value="BYYFJJ0"/>
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        <balance>17200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16315000"/>
        <valUSD>45382.27000000</valUSD>
        <pctVal>1.961700877651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALB Group Co Ltd</name>
        <lei>N/A</lei>
        <title>CALB Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100005LL8"/>
          <ticker value="3931"/>
          <other otherDesc="SEDOL" value="BQ0QV95"/>
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        <balance>10600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>23090.45000000</valUSD>
        <pctVal>0.998111289504</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>Tuya Inc</name>
        <lei>254900XKWS2MIZHXCO08</lei>
        <title>Tuya Inc</title>
        <cusip>90114C107</cusip>
        <identifiers>
          <isin value="US90114C1071"/>
          <ticker value="TUYA"/>
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        <balance>8553.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19757.43000000</valUSD>
        <pctVal>0.854037662089</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>Chagee Holdings Ltd</name>
        <lei>984500EBA7IRCB66FD03</lei>
        <title>Chagee Holdings Ltd</title>
        <cusip>15743P104</cusip>
        <identifiers>
          <isin value="US15743P1049"/>
          <ticker value="CHA"/>
        </identifiers>
        <balance>698.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18224.78000000</valUSD>
        <pctVal>0.787787101019</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>Atour Lifestyle Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Atour Lifestyle Holdings Ltd</title>
        <cusip>04965M106</cusip>
        <identifiers>
          <isin value="US04965M1062"/>
          <ticker value="ATAT"/>
        </identifiers>
        <balance>2332.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75813.32000000</valUSD>
        <pctVal>3.277118054730</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>Eternal Beauty Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Eternal Beauty Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3206R1092"/>
          <ticker value="6883"/>
          <other otherDesc="SEDOL" value="BPW8JY3"/>
        </identifiers>
        <balance>63000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>16371.97000000</valUSD>
        <pctVal>0.707697255291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongfa Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Hongfa Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000JK6"/>
          <ticker value="600885"/>
          <other otherDesc="SEDOL" value="6950347"/>
        </identifiers>
        <balance>12460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.16550000"/>
        <valUSD>38794.59000000</valUSD>
        <pctVal>1.676940824051</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>Hisense HA</name>
        <lei>529900PRGESPUBUBN103</lei>
        <title>Hisense Home Appliances Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000353"/>
          <ticker value="921"/>
          <other otherDesc="SEDOL" value="6391935"/>
        </identifiers>
        <balance>11000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>29987.26000000</valUSD>
        <pctVal>1.296233843312</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>Minth Group Ltd</name>
        <lei>254900B2AH0G13K9G204</lei>
        <title>Minth Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6145U1094"/>
          <ticker value="425"/>
          <other otherDesc="SEDOL" value="B0RJCG9"/>
        </identifiers>
        <balance>16000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>45656.05000000</valUSD>
        <pctVal>1.973535333404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NetEase Cloud Music Inc</name>
        <lei>N/A</lei>
        <title>NetEase Cloud Music Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2215N1097"/>
          <ticker value="9899"/>
          <other otherDesc="SEDOL" value="BP2TRS6"/>
        </identifiers>
        <balance>3400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>104382.17000000</valUSD>
        <pctVal>4.512039492518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yangzijiang Shipbuilding Holdi</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>Yangzijiang Shipbuilding Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
          <ticker value="YZJSGD"/>
          <other otherDesc="SEDOL" value="B1VT035"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27365000"/>
        <valUSD>33466.02000000</valUSD>
        <pctVal>1.446607250044</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>AK Medical Holdings Ltd</name>
        <lei>N/A</lei>
        <title>AK Medical Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG020141019"/>
          <ticker value="1789"/>
          <other otherDesc="SEDOL" value="BFD6SZ0"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>18313.38000000</valUSD>
        <pctVal>0.791616938041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="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>2025-08-25</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>
</edgarSubmission>
