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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSSC Hong Kong Shipping Co Ltd</name>
        <lei>3003000ZPNREQ784GR92</lei>
        <title>CSSC Hong Kong Shipping Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000504214"/>
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        <balance>2906000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>863987.04000000</valUSD>
        <pctVal>1.760812099797</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>Western Mining Co Ltd</name>
        <lei>300300QBV4A9N1NDK519</lei>
        <title>Western Mining Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000619"/>
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        <balance>110000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>497604.62000000</valUSD>
        <pctVal>1.014121966240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ping An Insurance Group Co of China Ltd</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance Group Co of China Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
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        <balance>94500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>723788.73000000</valUSD>
        <pctVal>1.475086887277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WuXi AppTec Co Ltd</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WuXi AppTec Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
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        <balance>69351.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>1041231.96000000</valUSD>
        <pctVal>2.122038582736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAL Education Group</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL Education Group</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
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        <balance>43420.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>421608.20000000</valUSD>
        <pctVal>0.859240689459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Longsheng Group Co Ltd</name>
        <lei>300300XYB5YIMVFQA157</lei>
        <title>Zhejiang Longsheng Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001FJ4"/>
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        <balance>358000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>593412.37000000</valUSD>
        <pctVal>1.209378882889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zijin Mining Group Co Ltd</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>Zijin Mining Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000502"/>
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        <balance>156000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>653986.42000000</valUSD>
        <pctVal>1.332829253364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Victory Giant Technology Huizhou Co Ltd</name>
        <lei>N/A</lei>
        <title>Victory Giant Technology Huizhou Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000020V4"/>
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        <balance>14900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
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        <pctVal>1.650874779060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Life Insurance Co Ltd</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>China Life Insurance Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002L3"/>
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        <balance>386000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
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        <pctVal>2.902118005182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NetEase Inc</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6427A1022"/>
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        <balance>41600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>1019968.63000000</valUSD>
        <pctVal>2.078703755924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Weichai Power Co Ltd</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000000D4"/>
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        <balance>346600.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
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        <pctVal>3.691887114085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aluminum Corp of China Ltd</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>Aluminum Corp of China Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000001T8"/>
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        <balance>681000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>953708.22000000</valUSD>
        <pctVal>1.943664540908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eoptolink Technology Inc Ltd</name>
        <lei>N/A</lei>
        <title>Eoptolink Technology Inc Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002615"/>
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        <balance>3800.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
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        <pctVal>0.803821884176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TCL Electronics Holdings Ltd</name>
        <lei>5299000Y9D001SNNTJ48</lei>
        <title>TCL Electronics Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8701T1388"/>
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        <balance>256000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>452348.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lee &amp; Man Paper Manufacturing Ltd</name>
        <lei>30030066PNKQVCCC5G24</lei>
        <title>Lee &amp; Man Paper Manufacturing Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5427W1309"/>
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        <balance>1006000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
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        <pctVal>0.793293537237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Montage Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Montage Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003MN7"/>
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        <balance>24304.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tencent Holdings Ltd</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
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        <balance>66850.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Midea Group Co Ltd</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>Midea Group Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100001QQ5"/>
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        <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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      <invstOrSec>
        <name>Ascletis Pharma Inc</name>
        <lei>254900SKEFCO9I3GPL05</lei>
        <title>Ascletis Pharma Inc</title>
        <cusip>000000000</cusip>
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          <isin value="KYG0520K1094"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atour Lifestyle Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Atour Lifestyle Holdings Ltd</title>
        <cusip>04965M106</cusip>
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          <isin value="US04965M1062"/>
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        <curCd>USD</curCd>
        <valUSD>395596.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tianshan Aluminum Group Co Ltd</name>
        <lei>300300VE52AL1GWYFN04</lei>
        <title>Tianshan Aluminum Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000YJ6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of Ningbo Co Ltd</name>
        <lei>300300C1092133000091</lei>
        <title>Bank of Ningbo Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000005P7"/>
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        <balance>295400.00000000</balance>
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        <valUSD>1354893.65000000</valUSD>
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        <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>
        <name>Cambricon Technologies Corp Ltd</name>
        <lei>N/A</lei>
        <title>Cambricon Technologies Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000041R8"/>
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        <balance>4628.00000000</balance>
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        <valUSD>896327.62000000</valUSD>
        <pctVal>1.826722445604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Victory Giant Technology Huizhou Co Ltd</name>
        <lei>836800LBU3EF5U7ECE87</lei>
        <title>Victory Giant Technology Huizhou Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100007JY1"/>
        </identifiers>
        <balance>4900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>266355.32000000</valUSD>
        <pctVal>0.542834149805</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>Zhongji Innolight Co Ltd</name>
        <lei>655600K7YZDKAI214O83</lei>
        <title>Zhongji Innolight Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001CY9"/>
        </identifiers>
        <balance>7700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>1312605.95000000</valUSD>
        <pctVal>2.675100819830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Baiyao Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Yunnan Baiyao Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000008X7"/>
        </identifiers>
        <balance>97100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>716720.43000000</valUSD>
        <pctVal>1.460681638600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Contemporary Amperex Technology Co Ltd</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003662"/>
        </identifiers>
        <balance>29800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>1869568.27000000</valUSD>
        <pctVal>3.810194226078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montage Technology Co Ltd</name>
        <lei>836800ZMWT5PAN574D81</lei>
        <title>Montage Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100007DX6"/>
        </identifiers>
        <balance>795.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>40526.87000000</valUSD>
        <pctVal>0.082594066530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>People's Insurance Co Group of China Ltd/The</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>People's Insurance Co Group of China Ltd/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001MK7"/>
        </identifiers>
        <balance>946000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>625218.25000000</valUSD>
        <pctVal>1.274199506064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Hengrui Pharmaceuticals Co Ltd</name>
        <lei>2549003BT1XS3SE3E448</lei>
        <title>Jiangsu Hengrui Pharmaceuticals Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100006XS6"/>
        </identifiers>
        <balance>2760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>21237.21000000</valUSD>
        <pctVal>0.043281594054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kingnet Network Co Ltd</name>
        <lei>N/A</lei>
        <title>Kingnet Network Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000XB5"/>
        </identifiers>
        <balance>224700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>532951.81000000</valUSD>
        <pctVal>1.086159805889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Chint Electrics Co Ltd</name>
        <lei>N/A</lei>
        <title>Zhejiang Chint Electrics Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000KD8"/>
        </identifiers>
        <balance>122800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>529127.09000000</valUSD>
        <pctVal>1.078364997700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Gold International Co Ltd</name>
        <lei>254900FINUJR4MZ8A417</lei>
        <title>Zijin Gold International Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0001200002"/>
        </identifiers>
        <balance>30432.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>505261.59000000</valUSD>
        <pctVal>1.029726928815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Geely Automobile Holdings Ltd</name>
        <lei>549300YS3T1KVQ2SNI84</lei>
        <title>Geely Automobile Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3777B1032"/>
        </identifiers>
        <balance>214000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>513912.39000000</valUSD>
        <pctVal>1.047357324420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Biwin Storage Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Biwin Storage Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100005VN3"/>
        </identifiers>
        <balance>12954.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>627043.80000000</valUSD>
        <pctVal>1.277919990724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
        </identifiers>
        <balance>227060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>3520374.82000000</valUSD>
        <pctVal>7.174550417886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fufeng Group Ltd</name>
        <lei>549300OQ91X6COVM4483</lei>
        <title>Fufeng Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG368441195"/>
        </identifiers>
        <balance>164000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>124963.88000000</valUSD>
        <pctVal>0.254677329351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Aluminium Co Ltd</name>
        <lei>3003008AXWSVMLG3MX37</lei>
        <title>Yunnan Aluminium Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000VG9"/>
        </identifiers>
        <balance>115900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>488978.10000000</valUSD>
        <pctVal>0.996541053458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GF Securities Co Ltd</name>
        <lei>3003007E0Y3ZJ5HNA936</lei>
        <title>GF Securities Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000008L2"/>
        </identifiers>
        <balance>201600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>563348.41000000</valUSD>
        <pctVal>1.148108305802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Hengrui Pharmaceuticals Co Ltd</name>
        <lei>2549003BT1XS3SE3E448</lei>
        <title>Jiangsu Hengrui Pharmaceuticals Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000014W7"/>
        </identifiers>
        <balance>55100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.76530000"/>
        <valUSD>408871.57000000</valUSD>
        <pctVal>0.833283341517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="If the RIC is part of the securities lending authorization agreement and has engaged in securities lending, the cash collateral will be adjusted on the next business day to maintain the required collateral amount." noteItem="C.12.a"/>
      <explntrNote note="If the fund holds Capital Contingent Convertible Notes, conversion to an issuing bank's common stock occurs should its capital fall beneath a specified threshold. The conversion of debt to equity will rebalance the issuer's debt to equity ratio, but as this amount is not known until the contingent event's occurrence, question c.9.f.iv will be represented as 1." noteItem="C.9.f.iv"/>
      <explntrNote note="For the applicable funds using IBOR rates, IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate" noteItem="C.11.f.i.2"/>
      <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>2026-06-17</ncom:dateSigned>
      <ncom:nameOfApplicant>AB CAP FUND, INC.</ncom:nameOfApplicant>
      <ncom:signature>Stephen Woetzel</ncom:signature>
      <ncom:signerName>Stephen Woetzel</ncom:signerName>
      <ncom:title>Controller</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
