The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 68,418 396,143 SH   DFND 1 0 396,143 0
AUTOHOME INC SP ADR RP CL A 05278C107 3,809 63,400 SH   DFND 1 0 63,400 0
BAOZUN INC SPONSORED ADR 06684L103 6,611 201,800 SH   DFND 1 0 201,800 0
BAOZUN INC SPONSORED ADR 06684L103 491 15,000 SH Call DFND 1 0 15,000 0
CHINA LODGING GROUP LTD SPONSORED ADR 16949N109 2,923 24,600 SH   DFND 1 0 24,600 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 3,414 64,730 SH   DFND 1 0 64,730 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 501 9,500 SH Call DFND 1 0 9,500 0
ISHARES TR CHINA LG-CAP ETF 464287184 2,422 55,000 SH Put DFND 1 0 55,000 0
MOMO INC ADR 60879B107 6,064 193,500 SH   DFND 1 0 193,500 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 927 10,500 SH   DFND 1 0 10,500 0
NOAH HLDGS LTD SPON ADS CL A 65487X102 2,367 73,723 SH   DFND 1 0 73,723 0
NVIDIA CORP COM 67066G104 43,248 241,920 SH   DFND 1 0 241,920 0
RYB ED INC ADR 74979W101 4,634 162,600 SH   DFND 1 0 162,600 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 26,863 715,400 SH   DFND 1 0 715,400 0
TAL ED GROUP SPONSORED ADS 874080104 6,476 192,100 SH   DFND 1 0 192,100 0
TESLA INC COM 88160R101 32,020 93,873 SH   DFND 1 0 93,873 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 41,829 4,758,700 SH   DFND 1 0 4,758,700 0