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Focus             20 to 25 privately controlled Chinese companies
Instruments   Stocks, ELN and cash
Exposure   Min. 50%, max. 100%
Single Company   15% limit of portfolio
Company's Capital   15% limit of investee company's capital
Sector Limits   50% limit of portfolio
Liquidity   Based on 20% of 3-month rolling daily liquidity,
    maximum of 20 trading days to liquidate each