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

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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 3,998 45,000 SH   SOLE   45,000 0 0
BAIDU INC SPON ADR REP A 056752108 20,143 92,300 SH   SOLE   92,300 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 8,088 849,560 SH   SOLE   849,560 0 0
HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 8,916 307,539 SH   SOLE   307,539 0 0
LEJU HLDGS LTD SPONSORED ADS 50187J108 4,133 321,600 SH   SOLE   321,600 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 31,502 1,357,827 SH   SOLE   1,357,827 0 0
WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 15,737 449,361 SH   SOLE   449,361 0 0
YUM BRANDS INC COM 988498101 7,990 111,000 SH   SOLE   111,000 0 0