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
360 DIGITECH INC AMERICAN DEP 88557W101 39,860 2,304,068 SH   SOLE   2,304,068 0 0
ATRENEW INC SPONSORED ADS 00138L108 6,188 2,069,435 SH   SOLE   2,069,435 0 0
BAIDU INC SPON ADR REP A 056752108 12,958 87,122 SH   SOLE   87,122 0 0
BILIBILI INC SPONS ADS REP Z 090040106 6,374 249,000 SH   SOLE   249,000 0 0
CHINDATA GROUP HLDGS LTD ADS 16955F107 17,574 2,264,727 SH   SOLE   2,264,727 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 20,227 605,769 SH   SOLE   605,769 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 201,802 720,000 SH Put SOLE   720,000 0 0
KE HLDGS INC SPONSORED ADS 482497104 70,633 3,935,007 SH   SOLE   3,935,007 0 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581206 13,505 663,327 SH   SOLE   663,327 0 0
NOAH HLDGS LTD SPON ADS CL A 65487X102 63,110 3,119,611 SH   SOLE   3,119,611 0 0
SEA LTD SPONSORD ADS 81141R100 34,396 514,448 SH   SOLE   514,448 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 45,081 9,256,885 SH   SOLE   9,256,885 0 0
TRIP COM GROUP LTD ADS 89677Q107 78,395 2,855,930 SH   SOLE   2,855,930 0 0
YUM CHINA HLDGS INC COM 98850P109 47,894 987,504 SH   SOLE   987,504 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 121,728 4,434,529 SH   SOLE   4,434,529 0 0