| China Fortune Land Development, 8.6% 8apr2024, USD (XS1972092248) |
| China Development Bank Corp (Hong Kong Branch), FRN 24jan2029, HKD (43) (HK0000476389) |
| Tencent Holdings, FRN 11apr2024, USD (US88032XAP96) |
| Tencent Holdings, 3.575% 11apr2026, USD (14) (US88032XAM65) |
| Sunac China Holdings, 7.95% 11oct2023, USD (XS1981089284) |
| Risesun Real Estate, 8% 24apr2022, USD (XS1979285571) |
| Guangzhou Fineland, 13.5% 17apr2021, USD (XS1981151183) |
| Ronshine China Holdings, 8.75% 25oct2022, USD (XS1976760782) |
| Chengdu Tianfu New Area Investment, 4.65% 7may2024, USD (XS1980008764) |
| Xinjiang Zhongtai, 7% 6jun2022, USD (XS1988093818) |
| China National Chemical Corporation, 3.375% 19jun2024, USD (XS2011969651) |
| Guangzhou Rural Commercial Bank, 5.9% perp., USD (XS1996423593) |
| JOYY, 0.75% 15jun2025, USD (Conv.) (USG9887YAB32) |
| GDS Holdings, 2% 1jun2025, USD (Conv.) (US36165LAB45) |
| Hello Group, 1.25% 1jul2025, USD (Conv.) (US60879BAB36) |
| Powerlong Real Estate Holdings, 6% 26jan2022, HKD (XS2028816374) |
| Zhuhai Huafa Group, 5.8% 7aug2020, USD (XS2035308464) |
| Zhongliang Holdings Group, 11.5% 26sep2021, USD (XS2049640332) |
| Hilong Holding, 8.25% 26sep2022, USD (XS2016067303) |
| BEST Inc, 1.75% 1oct2024, USD (Conv.) (US08653CAA45) |
| Kaisa Group Holdings, 11.95% 22oct2022, USD (USG52132BW96) |
| China Three Gorges, 2.3% 16oct2024, USD (XS2053345646) |
| Power Construction Corporation of China Limited, 3.55% perp., USD (XS2066867826) |
| Excellence Commercial Properties, 7.2% 10apr2022, USD (XS1978743760) |
| Shanghai Huayi Group Corporation, 3% 30oct2024, USD (XS2068159149) |
| Central China Real Estate, 7.9% 7nov2023, USD (XS2076398184) |
| Powerlong Real Estate Holdings, 7.125% 8nov2022, USD (XS2078556342) |
| G3 Exploration, 0% perp., USD (NO0010838857) |
| Guangdong Hong Kong Greater Bay Area Holdings, 14% 19dec2021, USD (XS2084960009) |
| China Railway (CR), 3.5% 14oct2024, CNY (CND10002HGS9) |
| China Development Bank, 3.48% 8jan2029, CNY (CND10001WKZ7) |
| China Exim Bank, 3.28% 11feb2024, CNY (CND10001YC12) |
| China Southern Power Grid, 3.55% 25jul2025, CNY (CND10002DPR1) |
| Shanghai International Trust, FRN 26jan2029, CNY (ABS) (CNM100004BV4) |
| China Resources Trust, FRN 26jun2021, CNY (ABS) (CNM1000040F5) |
| Shanghai International Trust, FRN 26jul2022, CNY (ABS) (CNM100004FK8) |
| Shanghai International Trust, 3.65% 26feb2020, CNY (ABS) (CNM100004093) |
| Shanghai International Trust, 3.73% 26nov2020, CNY (ABS) (CNM1000044Z5) |
| Anhui Guoyuan Trust, 4% 26dec2020, CNY (ABS) (CNM1000049Q3) |
| Shanghai International Trust, 3.2% 26may2021, CNY (ABS) (CNM100004BB6) |
| CCB Trust, 3.9% 26apr2023, CNY (ABS) (CNM100004648) |
| CCB Trust, FRN 26oct2020, CNY (ABS) (CNM1000044N1) |
| ICBC Financial Leasing, 3.95% 4mar2024, CNY (CND1000220J6) |
| China Industrial International Trust, FRN 17mar2021, CNY (ABS) (CNM100004408) |
| OCBC Wing Hang Bank (China), 4.06% 28nov2021, CNY (CND10001SWW7) |
| Yichun Yuanzhou State-owned Asset Operation, 7.2% 8mar2026, CNY (CND100023L83) |
| ICBC Financial Asset Investment, 3.6% 28mar2022, CNY (CND100025G13) |
| Hunan Chuzhisheng Holding Industrial Group, 7.5% 27mar2026, CNY (CND100025G62) |
| Yushan Investment Holdings Group, 6.5% 9aug2026, CNY (CND10002F4G8) |
| Handan City Construction Investment Group, 5.43% 4jul2026, CNY (CND10002D142) |
| Yingshang Shenxiang Industrial Development, 6.8% 6aug2026, CNY (CND10002F444) |
| Logan Group Company, 5.75% 14jan2025, USD (XS2099677747) |
| Jincheng State-owned Capital Investment and Operation, 6.5% 12sep2022, USD (XS2043810386) |
| Fubon Bank (China), 4.08% 9jan2025, CNY (TW000F158019) |
| Huaneng Power International, 2.625% 20feb2030, USD (XS2116222881) |
| Kunming Industrial Development&Investment, 6.1% 25feb2023, USD (XS2076033336) |
| Xi'An Qujiang Culture Holding, 5.5% 4mar2023, USD (XS2113463371) |
| Haitong Securities, 2.107% 12mar2025, USD (XS2129684127) |
| Jingrui Holdings, 12.75% 11mar2022, USD (XS2126415293) |
| Bank of China (Hong Kong Branch), 1.94% 9jul2020, USD (HK0000555349) |
| Bank of China (Hong Kong Branch), FRN 10may2023, USD (HK0000417748) |
| Bank of China (Hong Kong Branch), 0% 14jan2021, USD (365D) (HK0000555711) |
| China Railway (CR), 3.88% 8dec2036, CNY (CND10000G4Y2) |
| Shanghai International Trust, FRN 26nov2022, CNY (ABS) (CNM100004HH0) |
| China Credit Trust, 3.1% 26oct2020, CNY (ABS) (CNM100004HT5) |
| CITIC Trust, FRN 26aug2021, CNY (ABS) (CNM100004LZ4) |
| CCB Trust, FRN 26apr2041, CNY (ABS) (CNM100004KC5) |
| China Foreign Economy and Trade Trust (FOTIC), FRN 26jul2024, CNY (ABS) |
| China Exim Bank, 2.9% 23dec2021, CNY (CND10002LS00) |
| China Exim Bank, 2.93% 2mar2025, CNY (CND10002M036) |
| Jiangsu Financial Leasing, 3.05% 6mar2023, CNY (CND10002M275) |
| Ping An Life Insurance Company Of China, 4.58% 1apr2030, CNY (CND100031K27) |
| China Tourism Group Corporation, 3.125% 23apr2030, USD (XS2140041786) |
| Xiamen International Trust, 3% 29mar2022, CNY (ABS) (Coronavirus) |
| Western Trust, 6.2% 20mar2022, CNY (ABS) (Coronavirus) (CND10002RQJ6) |
| Muyuan Foods, 3.1% 4dec2020, CNY (Coronavirus) (CND10004GL51) |
| Shanghai Yongye Enterprise, 2.83% 23oct2020, CNY (Coronavirus) (CND10002RMJ5) |
| Suqian City Urban Construction Investment, 2.9% 21nov2020, CNY (Coronavirus) (CND10002RP80) |
| New Development Bank, 2.43% 3apr2023, CNY (CND100031KN4) |
| Sino Shaanxi Nuclear Industry Group, 3.5% 12jan2021, CNY (Coronavirus) (CND100035286) |
| NanChang Municipal Public Group Co, 3.54% 17mar2025, CNY |
| Nanchang Industrial Investment Group Co, 3.8% 11mar2027, CNY (CND10004G4V4) |
| China National Chemical Corporation, 3.39% 11mar2025, CNY (CND10002S3M3) |
| Metallurgical Corporation of China, 1.95% 21apr2020, CNY (Coronavirus) (CND10002RJM5) |
| Country Garden Holdings, 0% 18may2021, HKD (Conv.) (XS2156581550) |
| Chengdu Industry Investment Group, 3.8% 14nov2024, CNY (CND10002HWC0) |
| Weimob, 1.5% 15may2025, USD (Conv.) (XS2168615313) |
| Jixi Stateowned Assets Management, 7.5% 9dec2024, CNY (CND10002KNC3) |
| China Molybdenum, 3.4% 15apr2020, CNY (CND10002HRG1) |
| SANY, 5.88% 19apr2020, CNY (CND1000141T3) |
| China Shipbuilding Industry Corporation (CSIC), 2.47% 21apr2020, CNY (CND10002GRY6) |
| Shanxi Coal Import & Export Group, 5.3% 19may2020, CNY (CND10002FK97) |
| Changzhou High-tech Industrial Development Zone Development (Group) Corporation, 3.39% 21may2020, CNY (CND10002JZ05) |
| Xinjiang Tianfu Electric, 5.6% 28aug2020, CNY (CND10002FWH3) |
| Lianyungang Port Group, 4.78% 12oct2020, CNY (CND100012640) |
| Shandong Commercial Group, 6.5% 20oct2020, CNY (CND100014XZ7) |
| Tongling Nonferrous Metals Group Holdings, 6% 16nov2020, CNY (CND1000154K5) |
| Zhenro Properties Group, 8.35% 10mar2024, USD (XS2152219973) |
| Agricultural Development Bank of China (ADBC), 2.96% 17apr2030, CNY (CND100034271) |
| Agricultural Development Bank of China (ADBC), 2.25% 22apr2025, CNY (CND100034370) |