2017 12 31

1

2

3

4 – 7

8

9

10

11

12 - 29

30 - 31

32 - 35

36

- 1 -

68 9

121

1

8

33

18

5

15

21

- 2 -

2017 A 1) 2)

A

A

2017

A 明星

2017 300 2017 12 31 R

I 27.14% 27.52% 300 21.78%

- 3 -

2017 12 31 2010 10

27

2018 4 13

- 4 -

8 29

2017 12 31

2017 12 31

- 5 -

2010 10 27

E

- 6 -

- 7 -

2018 4 13

- 8 -

2017 12 31

2017 2016

224,000 224,000

3(a) 39,072,994 32,384,520

35,392 35,288 1,464,961 -

3(d) 6,474,073 7,230,515 ────────── ──────────

47,271,420 39,874,323 ---------------- ----------------

8 - 1,249

7(b) 63,189 63,015 7(a) 49,355 44,903

3,813 3,411 8 23,917 23,917

7(c) 52,473 54,688 1,632,472 -

235,666 133,268 ────────── ──────────

2,060,885 324,451 ---------------- ----------------

6 45,210,535 39,549,872 ══════════ ══════════

6 45,328,183 39,739,571

6 (117,648) (189,699) ══════════ ══════════

2018 4 13

…………………………..…………………………..…… …………………………..…………………………..……

12 29

- 9 -

2017 12 31

2017 2016

137,905 143,729 842,147 733,166

5 11,874,139 (5,336,600) 3,791 -

───────── ─────────

12,857,982 (4,459,705) --------------- ---------------

7(a) 558,269 531,005

7(b) 744,000 744,000 37,972 35,585 257,447 227,516

725,541 452,039 4,000 49,682

13,695 5,712 34,778 34,928

───────── ─────────

2,375,702 2,080,467 --------------- ---------------

10,482,280 (6,540,172)

8 (90,962) (75,763) ───────── ─────────

10,391,318 (6,615,935)

6 (72,051) (85,462) ───────── ─────────

10,319,267 (6,701,397) ═════════ ═════════

12 29

- 10 -

2017 12 31

2017 2016

39,739,571 47,810,032 ---------------- ----------------

275,184 336,324 (5,005,839) (1,705,388)

────────── ──────────

(4,730,655) (1,369,064) ---------------- ----------------

10,319,267 (6,701,397) ---------------- ----------------

6 45,328,183 39,739,571 ══════════ ══════════

12 29

- 11 -

2017 12 31

2017 2016

10,391,318 (6,615,935)

(137,905) (143,729)

(842,147) (733,166)

90,962 75,763

───────── ─────────

9,502,228 (7,417,067)

(6,688,474) 13,232,663 (1,464,961) - (2,215) (305,762)

174 (174) 4,452 (7,932)

402 (582) 1,632,472 -

102,398 7,444 ───────── ─────────

3,086,476 5,508,590

137,801 203,957

842,147 733,166

(92,211) (83,246)

───────── ─────────

3,974,213 6,362,467 ───────── ─────────

275,184 336,324

(5,005,839) (1,705,388)

───────── ─────────

(4,730,655) (1,369,064) ───────── ─────────

(756,442) 4,993,403

7,230,515 2,237,112

───────── ─────────

6,474,073 7,230,515 ═════════ ═════════

6,474,073 7,230,515 ═════════ ═════════

12 29

- 12 -

1

2010 10 27

104(1)

2017 12 31

2014 7 4

70% 95%

A

5% 30%

25%

2

(a)

- 13 -

2

(a)

(i) 2017 1 1

7 2017 1 1

2017 1 1

2017 1 1

9

39 2018 1 1

(SPPI)SPPI

9

9

9

2017 1 1

- 14 -

2

(b)

(i)

(ii)

(iii)

(iv)

(i)

(ii)

(v)

- 15 -

2

(c)

(d)

(i)

A

(ii)

(e)

- 16 -

2

(f)

(g)

(h)

(i)

(j)

- 17 -

3

(a)

2017 2016

2,838,540 3,413,800 A 36,234,454 28,970,720 ───────── ─────────

39,072,994 32,384,520 ═════════ ═════════

2017 2016

5,284,890 11.66 - -

- - 1,754,400 4.41

1,940,050 4.28 4,669,330 11.75

8,646,651 19.08 7,459,590 18.77

7,902,840 17.43 3,515,350 8.85

9,481,473 20.92 10,379,550 26.12

1,096,200 2.42 - -

2,838,540 6.26 3,413,800 8.59

1,882,350 4.15 1,192,500 3.00

──────── ──── ──────── ────

39,072,994 86.20 32,384,520 81.49 ════════ ════ ════════ ═════

10%

- 18 -

3

(a)

2017 12 31 A

A A 10%

3,623,445 2016 2,897,072

3(b)

(b)

2017 12 31

- 1,304,940 1,533,600 - - 2,838,540

A - - - - 36,234,454 36,234,454

- - - - 35,392 35,392

- - - 224,000 - 224,000

- - - - 1,464,961 1,464,961

6,474,073 - - - - 6,474,073

──────── ──────── ──────── ──────── ───────── ─────────

6,474,073 1,304,940 1,533,600 224,000 37,734,807 47,271,420

════════ ════════ ════════ ════════ ═════════ ═════════

- - - - 49,355 49,355

- - - - 63,189 63,189

- - - - 3,813 3,813

- - - - 1,632,472 1,632,472

- - - - 235,666 235,666

- - - - 52,473 52,473

- - - - 45,328,183 45,328,183

──────── ──────── ──────── ──────── ───────── ─────────

- - - - 47,365,151 47,365,151

════════ ════════ ════════ ════════ ═════════ ═════════

6,474,073 1,304,940 1,533,600 224,000

════════ ════════ ════════ ════════

- 19 -

3

(b)

2016 12 31

- 1,073,550 2,340,250 - - 3,413,800

A - - - - 28,970,720 28,970,720

- - - - 35,288 35,288

- - 224,000 - 224,000

7,230,515 - - - - 7,230,515

──────── ──────── ──────── ──────── ───────── ─────────

7,230,515 1,073,550 2,340,250 224,000 29,006,008 39,874,323

════════ ════════ ════════ ════════ ═════════ ═════════

- - - - 44,903 44,903

- - - - 63,015 63,015

- - - - 3,411 3,411

- - - - 133,268 133,268

- - - - 54,688 54,688

- - - - 39,739,571 39,739,571

──────── ──────── ──────── ──────── ───────── ─────────

- - - - 40,038,856 40,038,856

════════ ════════ ════════ ════════ ═════════ ═════════

7,230,515 1,073,550 2,340,250 224,000

════════ ════════ ════════ ════════

2017 12 31 6,474,073 2016

7,230,515 10

6,474 2016 7,231

2017 12 31

2,838,540 2016 3,413,800

3.96 2016 4.98

2017 12 31 25

28,075 2016 42,532

- 20 -

3

(c)

(d)

2008 1 25

2017 12 31 6.26% 2016

8.59%

2017 2016

A+ 6.26 - AA- - 8.59 ───── ────

6.26 8.59 ═════ ════

- 21 -

3

(d)

2017 12 31

39,072,994 A+ 5,850,928 A+ 1 623,145 A-

2016 12 31

32,384,520 A1 6,987,867 A1 1 242,648 A-

1

2017 12 31 2016 12 31

2016

(e)

- 22 -

3

(e)

3

2017 12 31

49,355

63,189

3,813

1,632,472

52,473

235,666

45,328,183

───────────

47,365,151

═══════════

2016 12 31

44,903

63,015

3,411

54,688

133,268

39,739,571 ───────────

40,038,856

═══════════

10% 2017

12 31 2 2016 2 10%

2017 12 31 47,271,420 2016 39,874,323

3 3

2017 12 31

47,036,093 235,327

═══════════ ═══════════

2016 12 31

39,634,040 240,283

═══════════ ═══════════

- 23 -

3

(f)

1 1

2 3

3

2017 2016 12 31

1 2 3

2017 12 31

2,838,540 - - 2,838,540

A 35,784,687 449,767 - 36,234,454

─────────── ─────────── ─────────── ───────────

38,623,227 449,767 - 39,072,994

═══════════ ═══════════ ═══════════ ═══════════

2016 12 31

3,413,800 - - 3,413,800

A 28,970,720 - - 28,970,720

─────────── ─────────── ─────────── ───────────

32,384,520 - - 32,384,520

═══════════ ═══════════ ═══════════ ═══════════

- 24 -

3

(f)

1

2

3 2017 2016 12

31 3

2017 12 31

1 2

1 2

(449,767) 449,767

(g)

4

- 25 -

5

2017 2016

3,067,318 (2,861,362) 8,806,821 (2,475,238) ───────── ─────────

11,874,139 (5,336,600) ═════════ ═════════

6

2017 12 31 2016 12 31 I R

R I

2017 2016 I R I R

2,100,000.000 1,342,847.678 2,100,000.000 1,461,506.462 - 20,069.787 - 28,432.907 - (382,026.275) - (147,091.691) ─────────── ─────────── ─────────── ───────────

2,100,000.000 980,891.190 2,100,000.000 1,342,847.678 ═══════════ ═══════════ ═══════════ ═══════════

2(f)

38

2017 12 31

117,648 2016 189,699

2017 12 31 117,648 2016 189,699

72,051 2016 85,462

- 26 -

6

2017 12 31

I 30,995,843 2,100,000.000 14.759

R 14,332,340 980,891.190 14.611

══════════ ═══════════ ══════

2016 12 31

I 24,306,656 2,100,000.000 11.574

R 15,432,915 1,342,847.678 11.492

══════════ ═══════════ ══════

7

(a)

R

I 1.5% 1.2%

2017 12 31 558,269 2016 531,005

49,355 2016 44,903 2017 12 31

(b)

1%

0.11% 31,000 2016

31,000

744,000 2016 744,000 63,189

2016 63,015 2017 12 31

- 27 -

7

(c)

2017 12 31

52,473 2016 54,688

(d)

623,145 2016 242,648

5,897 2016

6,097

(e)

2017 12 31 2,000,000

2016 2,000,000 I

(f)

2017 12 31 50,000 2016 70,000

20,000

8

104

26A(1A)

2017 12 31 2016 12 31 A

10%

10%

10%

- 28 -

8

2017 2016

(1,249) (7,483) ──────── ────────

(1,249) (7,483) ------------- ------------- 2,096 8,951 90,115 74,295 ──────── ────────

92,211 83,246 ------------- ------------- 90,962 75,763 ════════ ════════

2017 2016

1,249 8,732

(1,249) (7,483) ──────── ────────

- 1,249

════════ ════════

2017 2016

23,917 23,917

92,211 83,246 (92,211) (83,246) ──────── ────────

23,917 23,917

════════ ════════

9

2017 2016 12 31

- 29 -

10

2017 2016 12 31

11

2018 4 13

- 30 -

2017 12 31

(86.20%)

(6.26%)

CHINA GOVERNMENT BOND 4.26 07/31/2021 1,300,000 1,304,940 2.88% CHINA GOVERNMENT BOND 3.40 04/17/2023 1,600,000 1,533,600 3.38% ──────── ────────

2,838,540 6.26% ------------ -------------

(79.94%)

BAOSHAN IRON & STEEL CO-A 80,000 691,200 1.52% BEIJING THUNISOFT CORP LTD-A 45,000 669,600 1.48% CHINA CONSTRUCTION BANK-A 235,960 1,812,173 4.00% CHINA GEZHOUBA GROUP CO LT-A 55,000 451,000 0.99% CHINA JUSHI CO LTD -A 60,000 977,400 2.16% CHINA MERCHANTS BANK-A 64,000 1,857,280 4.10% CHINA MOLYBDENUM CO LTD-A 100,000 688,000 1.52% CHINA NORTHERN RARE EARTH -A 97,000 1,415,230 3.12% CHINA PETROLEUM & CHEMICAL-A 80,000 490,400 1.08% CHINA RAILWAY TIELONG CONT-A 45,000 486,900 1.07% CHINA SHENHUA ENERGY CO-A 50,000 1,158,500 2.56% CHINA STATE CONSTRUCTION -A 100,000 902,000 1.99% CRRC CORP LTD-A 144,000 1,743,840 3.85% FANGDA CARBON NEW MATERIAL-A 70,000 2,021,600 4.46% GUANGSHEN RAILWAY CO LTD-A 80,000 445,600 0.98% GUANGZHOU BAIYUN INTERNATI-A 90,000 1,323,000 2.92% GUANGZHOU BAIYUNSHAN PHAR-A 13,994 449,767 0.99% HENAN SHENHUO COAL & POWER-A 23,000 233,450 0.52% IND & COMM BK OF CHINA-A 260,000 1,612,000 3.56% JIANGSU CHANGJIANG ELECTRO-A 20,000 426,600 0.94% JIANGSU HENGRUI MEDICINE C-A 33,000 2,276,340 5.02% KWEICHOW MOUTAI CO LTD-A 3,600 2,510,964 5.54% LIVZON PHARMACEUTICAL GROU-A 7,000 465,150 1.03% MIDEA GROUP CO LTD-A 35,000 1,940,050 4.28% PING AN BANK CO LTD-A 148,000 1,968,400 4.34% PING AN INSURANCE GROUP CO-A 19,000 1,329,620 2.93% SANY HEAVY INDUSTRY CO LTD-A 50,000 453,500 1.00% SHANDONG GOLD MINING CO LT-A 30,000 935,400 2.06% SHANGHAI FOSUN PHARMACEUTI-A 40,000 1,780,000 3.93% SHENGHE RESOURCES HOLDINGS-A 70,000 1,330,000 2.93% SHENZHEN SALUBRIS PHARM-A 10,000 451,900 1.00% YUNNAN ALUMINIUM CO LTD-A 22,000 225,060 0.50% YUNNAN BAIYAO GROUP CO LTD-A 7,000 712,530 1.57% ──────── ────────

36,234,454 79.94% ------------- -------------

39,072,994 86.20%

------------- -------------

- 31 -

2017 12 31

6,255,189 13.80%

──────── ────────

2017 12 31

45,328,183

100.00%

═════════ ════════

35,150,747

═════════

- 32 -

2017 12 31

2017

1 1

2017

12 31

AGRICULTURAL BANK OF CHINA-A 490,000 400,000 890,000 -

ALUMINUM CORP OF CHINA LTD-A - 50,000 50,000 -

ANHUI CONCH CEMENT CO LTD-A - 182,901 182,901 -

AVIC JONHON OPTRONIC TECH-A - 19,981 19,981 -

BANK OF CHINA-A 350,000 - 350,000 -

BAOSHAN IRON & STEEL CO-A - 294,960 214,960 80,000

BEIJING NEW BUILDING MATERIALS PUBLIC

LTD-A

- 147,000 147,000 -

BEIJING ORIENT LANDSCAPE-A - 75,000 75,000 -

BEIJING SANJU ENVIRONMENTA-A - 12,000 12,000 -

BEIJING SINNET TECHNOLOGY COMPANY

LIMITED-A

- 225,000 225,000 -

BEIJING THUNISOFT CORP LTD-A - 45,000 - 45,000

BEIJING TIANTAN BIOLOGICAL-A - 15,000 15,000 -

BEIJING TONGRENTANG CO-A 45,000 - 45,000 -

BOE TECHNOLOGY GROUP CO LTD-A - 320,000 320,000 -

CHANGCHUN HIGH & NEW TECH-A - 5,000 5,000 -

CHAOZHOU THREE-CIRCLE GROU-A - 45,000 45,000 -

CHENGDU HONGQI CHAIN CO LT-A - 75,000 75,000 -

CHINA CAMC ENGINEERING CO - A - 20,000 20,000 -

CHINA CITIC BANK CORP LTD - A - 80,000 80,000 -

CHINA COMMUNICATIONS CONSTRUCTION - A 55,000 180,000 235,000 -

CHINA CONSTRUCTION BANK-A 280,000 625,960 670,000 235,960

CHINA CSSC HOLDING LTD-A - 28,962 28,962 -

CHINA EASTERN AIRLINES CO-A 55,000 134,000 189,000 -

CHINA FIBERGLASS CO LTD - A - 210,000 150,000 60,000

CHINA FORTUNE LAND DEVELOPMENT CO LTD

- A - 17,000 17,000 -

CHINA GEZHOUBA GROUP CO LT-A - 328,000 273,000 55,000

CHINA INTERNATIONAL TRAVEL-A - 66,000 66,000 -

CHINA LIFE INSURANCE CO-A - 66,902 66,902 -

CHINA MERCHANTS BANK-A - 210,000 146,000 64,000

CHINA MERCHANTS SECURITIES-A - 24,000 24,000 -

CHINA MINSHENG BANKING-A - 100,000 100,000 -

CHINA MOLYBDENUM CO LTD-A - 280,000 180,000 100,000

CHINA NATIONAL CHEMICAL ENGINEERING - A - 110,000 110,000 -

CHINA PACIFIC INSURANCE (GROUP)

COMPANY LTD-A

- 79,000 79,000 -

CHINA PETROLEUM AND CHEMICAL

COPORATION - A

- 230,000 150,000 80,000

CHINA RAILWAY CONSTRUCTION -A 90,000 110,000 200,000 -

CHINA RAILWAY GROUP LTD-A - 50,000 50,000 -

CHINA RAILWAY HI-THCH INDU-A - 37,000 37,000 -

CHINA RAILWAY TIELONG CONT-A - 315,000 270,000 45,000

CHINA RESOURCES SANJIU MEDICAL &

PHARMACEUTICAL CO LTD- A

- 23,000 23,000 -

CHINA SHENHUA ENERGY CO - A - 130,000 80,000 50,000

CHINA SHIPBUILDING INDUSTRY CO LTD-A - 150,000 150,000 -

CHINA SOUTHER AIRLINES CO-A - 180,000 180,000 -

CHINA STATE CONSTRUCTION -A 225,000 355,000 480,000 100,000

- 33 -

2017 12 31

2017

1 1

2017

12 31

CHINA UNITED NETWORK-A 240,000 680,000 920,000 -

CHINA VANKE CO LTD - A - 90,000 90,000 -

CHINA YANGTZE POWER CO LTD-A - 204,960 204,960 -

CHONGQING CHANGAN AUTOMOBILE CO LTD - A - 64,000 64,000 -

CITIC SECURITIES CO-A - 55,000 55,000 -

CSR CORP LTD -A - 396,000 252,000 144,000

CSSC OFFSHORE AND MARINE E-A - 34,875 34,875 -

DAQIN RAILWAY CO LTD -A 70,000 320,000 390,000 -

DASHENLIN PHARMACEUTICAL G-A - 10,000 10,000 -

EAST MONEY INFORMATION CO-A - 140,400 140,400 -

FANGDA CARBON NEW MATERIAL CO LTD-A - 110,000 40,000 70,000

FANGDA SPECIAL STEEL TECHNOLOGY CO LTD-A - 60,000 60,000 -

FLYTEK CO LTD - A - 30,000 30,000 -

FOCUS MEDIA INFORMATION TE-A - 80,000 80,000 -

FUTURE LAND HOLDINGS CO -A - 80,955 80,955 -

FUYAO GLASS INDUSTRY GROUP-A 60,000 135,000 195,000 -

GIGADEVICE SEMICONDUCTOR B-A - 3,000 3,000 -

GREE ELECTRIC APPLIANCES - A 45,000 64,000 109,000 -

GUANGDONG WENS FOODSTUFFS -A - 61,000 61,000 -

GUANGHUI ENERGY CO LTD-A - 100,000 100,000 -

GUANGSHEN RAIL-A - 80,000 - 80,000

GUANGZHOU BAIYUN INTERNATIONAL AIRPORT

CO LTD-A

- 90,000 - 90,000

GUANGZHOU BAIYUNSHAN PHARMACEUTICAL

HOLDINGS CO LTD-A

- 33,994 20,000 13,994

GUOTAI JUNAN SECURITIES CO-A - 33,000 33,000 -

GUOYUAN SECURITIES CO LTD-A - 28,000 28,000 -

HAFEI AVIATION INDUSTRY CO-A - 15,000 15,000

HANGZHOU HIKVISION DIGITAL TECH CO LTD -

A

- 95,000 95,000 -

HAN'S LASER TECHNOLOGY CO LTD-A - 44,000 44,000 -

HENAN SHENHUO COAL & POWER-A - 23,000 - 23,000

HENAN SHUANGHUI INVESTMENT-A - 74,939 74,939 -

HENGTONG OPTIC-ELECTRIC CO-A - 156,000 156,000 -

HESTEEL CO LTD-A - 260,000 260,000 -

HUADONG MEDICINE CO LTD-A - 31,000 31,000 -

HUATAI SECURITIES CO LTD-A - 75,000 75,000 -

HUAXIA BANK CO LTD-A - 45,000 45,000 -

HUAXIN CEMENT CO LTD-A - 30,000 30,000 -

HUAYU AUTOMOTIVE SYSTEMS COMPANY

LIMITED-A

- 20,000 20,000 -

HUBEI SANONDA CO LTD-A - 30,000 30,000 -

HUNDSUN TECHNOLOGIES INC-A - 15,000 15,000 -

IND & COMM BK OF CHINA - A 400,000 593,000 733,000 260,000

INDUSTRIAL BANK CO LTD-A - 50,000 50,000 -

INNER MONG YIL INDUS-A - 137,600 137,600 -

INNER MONGOLIA BAOTOU STEE-A - 202,000 105,000 97,000

INNER MONGOLIA M-GRASS ECO-A - 246,000 246,000 -

INSPUR ELECTRONIC INFORMAT-A - 29,970 29,970 -

JIANGSU CHANGJIANG ELECTRONICS

TECHNOLOGY CO LTD - A

- 169,906 149,906 20,000

- 34 -

2017 12 31

2017

1 1

2017

12 31

JIANGSU DONGYUAN ELEC -A - 59,000 59,000 -

JIANGSU HENGRUI MEDICINE C-A 50,000 20,000 37,000 33,000

JIANGXI COPPER CO LTD-A - 28,000 28,000 -

JIANGXI GANFENG LITHIUM CO-A - 17,000 17,000 -

KANGMEI PHARMACEUTICAL CO-A - 80,000 80,000 -

KWEICHOW MOUTAI CO LTD - A 5,000 2,000 3,400 3,600

LENS TECHNOLOGY CO LTD-A - 55,000 55,000 -

LIVZON PHARMACEUTICAL GROU-A - 23,000 16,000 7,000

LOMON BILLIONS GROUP CO -A - 27,000 27,000 -

LUXSHARE PRECISION INDUSTR-A - 18,000 18,000 -

MIDEA GROUP CO LTD-A 54,000 74,600 93,600 35,000

NANJING IRON & STEEL CO-A - 130,000 130,000 -

NARI TECHNOLOGY DEVELOPMENT CO LTD-A - 76,000 76,000 -

NAVINFO CO LTD-A - 54,928 54,928 -

NEW CHINA LIFE INSURANCE COMPANY

LIMITED -A

- 77,000 77,000 -

NINGBO JOYSON ELECTRONIC -A - 15,000 15,000 -

NORTH INDUSTRIES GROUP RED-A - 35,000 35,000 -

PETROCHINA CO LTD-A 150,000 140,000 290,000 -

PING AN BANK CO LTD-A - 148,000 - 148,000

PING AN INSURANCE GROUP CO-A 40,000 84,300 105,300 19,000

POLY REAL ESTATE GROUP CO -A 105,000 - 105,000 -

QINGDAO HAIER CO LTD-A - 103,000 103,000 -

SAIC MOTOR CORPORATION LTD-A 70,000 98,000 168,000 -

SANAN OPTOELECTRONICS CO L-A - 55,000 55,000 -

SANY HEAVY INDUSTRY CO LTD - A - 50,000 - 50,000

SGIS SONGSHAN CO LTD-A - 180,000 180,000 -

SHANDONG CHENMING PAPER-A - 54,000 54,000 -

SHANDONG DONG -E E-JIAO CO LTD - A - 40,800 40,800 -

SHANDONG GOLD MINING CO LTD-A - 106,000 76,000 30,000

SHANDONG SUN PAPER INDUSTR-A - 45,000 45,000 -

SHANGHAI FLYCO ELECTRICAL -A - 9,000 9,000 -

SHANGHAI FOSUN PHARMACEUTI-A - 161,000 121,000 40,000

SHANGHAI FRIENDSHIP GROUP

INCORPORATED COMPANY-A

- 30,000 30,000 -

SHANGHAI INTERNATIONAL AIR-A - 20,000 20,000 -

SHANGHAI PHARMACEUTICALS-A - 93,000 93,000 -

SHANXI COKING CO LTD-A - 50,000 50,000 -

SHANXI TAIGANG STAINLESS-A - 240,000 240,000 -

SHENGHE RESOURCES HOLDINGS CO LTD-A - 115,000 45,000 70,000

SHENZEN OVERSEA CHINESE TOWN CO LTD-A - 50,000 50,000 -

SHENZHEN O-FILM TECH CO-A - 69,000 69,000 -

SHENZHEN SALUBRIS PHARM-A - 10,000 - 10,000

SHENZHEN SUNWAY COMMUNICAT-A - 12,000 12,000 -

SHENZHEN TECHAND ECOLOGY-A - 42,000 42,000 -

SHENZHEN WORLD UNION PROPE-A - 85,500 85,500 -

SICHUAN ROAD&BRIDGE CO LT-A - 80,000 80,000 -

SICHUAN TUOPAI SHEDE WINE -A - 18,500 18,500 -

SICHUAN YAHUA INDUSTRIAL-A - 40,000 40,000 -

- 35 -

2017 12 31

2017

1 1

2017

12 31

SUNGROW POWER SUPPLY CO LTD-A - 25,000 25,000 -

SUNING COMMERCE GROUP CO -A - 59,910 59,910 -

SUZHOU ANJIE TECHNOLOGY CO-A - 35,000 35,000 -

TANGSHAN JIDONG CEMENT INV-A - 40,000 40,000 -

TANGSHAN SANYO CHEMICAL INDUSTRIES CO

LTD-A

- 40,000 40,000 -

THUNDER SOFTWARE TECHNOLOG-A - 10,000 10,000 -

TIANMA MICROELECTRONICS CO LTD-A - 27,000 27,000 -

TIANQI LITHIUM CORP-A - 22,000 22,000 -

TIANSHUI HUATIAN TECHNOLOG-A - 120,000 120,000 -

TONGKUN GROUP CO LTD-A - 56,000 56,000

TUS-SOUND ENVIRONMENT-RES A - 12,000 12,000 -

VALIANT CO LTD - A - 20,000 20,000 -

WANHUA CHEMICAL GROUP CO-A - 134,000 134,000 -

WEICHAI POWER OC LTD-A - 330,000 330,000 -

WEIFU HIGH-TECHNOLOGY GRP-A - 36,000 36,000 -

WULIANGYE YIBIN CO LTD-A - 10,000 10,000 -

XIAMEN C & D INC-A - 70,000 70,000 -

XIAMEN TUNGSTEN CO LTD-A - 53,000 53,000 -

YANTAI JEREH OILFIELD-A - 25,000 25,000 -

YONGHUI SUPERSTORES CO LTD-A - 422,000 422,000 -

YONYOU SOFTWARE CO LTD-A - 56,000 56,000 -

YUAN LONGPING HIGH-TECH AG-A - 42,000 42,000 -

YUNNAN ALUMINIUM CO LTD-A - 102,000 80,000 22,000

YUNNAN BAIYAO GROUP CO LTD - A 27,600 33,000 53,600 7,000

YUNNAN CHIHONG ZINC & GERM-A - 126,000 126,000 -

ZHANGZHOU PIENTZEHUANG PHA-A - 18,000 18,000 -

ZHEJIANG CHINT ELECTRICS-A - 37,000 37,000 -

ZHEJIANG CRYSTAL-OPTECH -A - 52,000 52,000 -

ZHEJIANG DAHUA TECHNOLOGY -A - 20,000 20,000 -

ZHEJIANG DAILY DIGITAL CULTU - 35,000 35,000 -

ZHEJIANG HANGXIAO STEEL-A - 45,000 45,000 -

ZHEJIANG HUAYOU COBALT CO -A - 12,000 12,000 -

ZHENGZHOU YUTONG BUS CO-A - 85,000 85,000 -

ZHUZHOU KIBING GROUP CO LT-A - 100,000 100,000 -

ZTE CORPORATION - A - 163,000 163,000 -

CHINA GOVERNMENT BOND 4.26 07/31/2021 1,020,000 900,000 620,000 1,300,000

CHINA GOVERNMENT BOND 3.40 04/17/2023 2,300,000 - 700,000 1,600,000

- 36 -

2017 12 31

2017 12 31

I 30,995,843 14.759

R 14,332,340 14.611

═════════ ═════════

2016 12 31

I 24,306,656 11.574

R 15,432,915 11.492

═════════ ═════════

2015 12 31

I 28,238,055 13.447

R 19,571,977 13.392

═════════ ═════════

2017 12 31

I 15.283 11.477

R 15.134 11.394

══════ ══════

2016 12 31

I 12.628 10.570

R 12.575 10.524

══════ ══════

2015 12 31

I 20.135 11.468

R 20.086 11.430

══════ ══════

2014 12 31

I 14.409 9.751

R 14.393 9.745

══════ ══════