<html><body><table id="backgroundTable" class="wrapper" style="width: 100%;" border="0" cellspacing="0" cellpadding="0" bgcolor="#ebebeb"> <tbody> <tr> <td valign="top"> <table class="container" style="width: 600px;" border="0" cellspacing="0" cellpadding="0" align="center"> <tbody> <tr> <td class="container-padding" style="line-height: 20px; background-color: #ffffff; font-family: Helvetica, sans-serif; color: #333; font-size: 13px;" align="left" bgcolor="#ffffff"> <table class="columns-container" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td class="force-col" valign="top" bgcolor="#bb0a27"> <table class="col-3" border="0" cellspacing="0" cellpadding="0" align="left"> <tbody> <tr> <td style="line-height: 20px; font-family: Arial, sans-serif; font-size: 13px;" align="left" valign="bottom" height="100"><img class="img-fluid" style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/heading.jpg" alt="China.Action.Money." border="0" hspace="0" /></td> </tr> <tr> <td class="container-padding" style="line-height: 20px; padding-left: 50px; font-family: Arial, sans-serif; color: #ffffff; font-size: 16px;" align="left" valign="top" height="50">Your monthly China investment report</td> </tr> <tr> <td style="line-height: 20px; font-family: Arial, sans-serif; font-size: 13px;" align="left" valign="top"><img class="img-fluid" style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/redslant.jpg" alt="" border="0" hspace="0" /></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <table class="columns-container" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td class="container-padding line" style="padding-left: 50px; padding-top: 20px;" valign="top" bgcolor="#ffffff"> <table class="col-3" border="0" cellspacing="0" cellpadding="0" align="left"> <tbody> <tr> <td style="line-height: 1.2; font-family: Arial, sans-serif; font-size: 30px;" align="left" valign="bottom"><a class="tracked" style="color: #000000; text-decoration: none;" href="http://tomaic.org/7326/2013/7136/27/?info=eyJhIjogMSwgInUiOiAiSm9obi5XaW50ZXJzIiwgImUiOiAibGlicmVvZmZpY2VAbGlzdHMuZnJlZWRlc2t0b3Aub3JnIiwgInQiOiAiUFQgMTAgTmV1ZXIiLCAidiI6ICJ0b21haWMub3JnIn0=&url=http://nichemarketing.me.uk">Subscribe to our free monthly China investment report </a></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <br /> <table class="columns-container" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td class="container-padding" style="padding-left: 50px;" valign="top" bgcolor="#ffffff"> <table class="col-3" border="0" cellspacing="0" cellpadding="0" align="left"> <tbody> <tr> <td style="line-height: 1.2; font-family: Arial, sans-serif; font-size: 20px;" align="left" valign="bottom">In this month's report:</td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <br /> <table class="columns-container" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td class="container-padding" style="padding-left: 50px; padding-right: 15px; padding-top: 15px;" valign="top"> <table class="col-2" border="0" cellspacing="0" cellpadding="0" align="left"> <tbody> <tr> <td style="line-height: 20px; font-family: Arial, sans-serif; font-size: 16px;" align="left" valign="top"> <table cellspacing="0" cellpadding="0"> <tbody> <tr> <td style="padding-right: 10px; padding-top: 4px;" valign="top"><img class="img-fluid" style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/bp.jpg" alt="" border="0" hspace="0" /></td> <td style="padding-bottom: 13px; line-height: 20px; font-family: Arial, sans-serif; font-size: 14px;" align="left" valign="top">The Chinese super rich – where do they invest</td> </tr> <tr> <td style="padding-right: 10px; padding-top: 4px;" valign="top"><img class="img-fluid" style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/bp.jpg" alt="" border="0" hspace="0" /></td> <td style="padding-bottom: 13px; line-height: 20px; font-family: Arial, sans-serif; font-size: 14px;" align="left" valign="top">Government constraints – the effect of the Chinese housing market</td> </tr> <tr> <td style="padding-right: 10px; padding-top: 4px;" valign="top"><img class="img-fluid" style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/bp.jpg" alt="" border="0" hspace="0" /></td> <td style="padding-bottom: 13px; line-height: 20px; font-family: Arial, sans-serif; font-size: 14px;" align="left" valign="top">Knight Frank's Passion Index – comparing Chinese investment into alternatives, art versus real estate</td> </tr> <tr> <td style="padding-right: 10px; padding-top: 4px;" valign="top"><img class="img-fluid " style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/bp.jpg" alt="" border="0" hspace="0" /></td> <td style="padding-bottom: 13px; line-height: 20px; font-family: Arial, sans-serif; font-size: 14px;" align="left" valign="top">General investment – physical versus intangible assets</td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> <td valign="top"> <table id="last-col-3" class="col-2" style="width: 280px;" border="0" cellspacing="0" cellpadding="0" align="right"> <tbody> <tr> <td style="line-height: 20px; font-family: Arial, sans-serif; font-size: 13px;" align="left" valign="top"><img class="hide" style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/brochures3.jpg" alt="Image Caption" border="0" hspace="0" /></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <br /> <table class="columns-container" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td valign="top" bgcolor="#ffffff"> <table class="col-3" border="0" cellspacing="0" cellpadding="0" align="left"> <tbody> <tr> <td class="container-padding" style="padding-left: 50px;" align="left"><a class="tracked" href="http://tomaic.org/9714/2013/4811/27/?info=eyJhIjogMSwgInUiOiAiSm9obi5XaW50ZXJzIiwgImUiOiAibGlicmVvZmZpY2VAbGlzdHMuZnJlZWRlc2t0b3Aub3JnIiwgInQiOiAiUFQgMTAgTmV1ZXIiLCAidiI6ICJ0b21haWMub3JnIn0=&url=http://nichemarketing.me.uk"><img class="img-fluid" style="padding-bottom: 20px; vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/cta_red.jpg" alt="Click here to download your free newsletter" border="0" hspace="0" /></a></td> </tr> <tr> <td style="font-family: Arial, sans-serif;" align="left" valign="bottom"><img class="img-fluid" style="vertical-align: top;" src="http://www.pacifictycoon.net/PTemail/greyslant.jpg" alt="Image Caption" border="0" hspace="0" /></td> </tr> <tr> <td style="font-family: Arial, sans-serif; color: #ccc;" align="center" valign="bottom" bgcolor="#222222">Published by<br /><img style="padding-bottom: 12px; vertical-align: top; padding-top: 10px;" src="http://www.pacifictycoon.net/PTemail/ptlogo.jpg" alt="Pacific Tycoon" border="0" hspace="0" /></td> </tr> <tr> <td class="container-padding" style="line-height: 20px; font-family: Arial, sans-serif; color: #cccccc; font-size: 12px;" align="center" valign="bottom" bgcolor="#222222">Pacific Tycoon, Level 11, Admiralty Centre Tower 2, 18 Harcourt Road, Admiralty, Hong Kong.<br /> Hong Kong Office telephone: +852 580 80130 | Hong Kong Fax: +852 3656 7927<br /> Website: <a class="tracked" style="color: #ccc;" href="http://tomaic.org/2193/2013/2711/27/?info=eyJhIjogMSwgInUiOiAiSm9obi5XaW50ZXJzIiwgImUiOiAibGlicmVvZmZpY2VAbGlzdHMuZnJlZWRlc2t0b3Aub3JnIiwgInQiOiAiUFQgMTAgTmV1ZXIiLCAidiI6ICJ0b21haWMub3JnIn0=&url=http://www.pacifictycoon.com">www.pacifictycoon.com</a><br /><a class="tracked" style="color: #ccc;" href="http://tomaic.org/0438/2013/8407/27/?info=eyJhIjogMSwgInUiOiAiSm9obi5XaW50ZXJzIiwgImUiOiAibGlicmVvZmZpY2VAbGlzdHMuZnJlZWRlc2t0b3Aub3JnIiwgInQiOiAiUFQgMTAgTmV1ZXIiLCAidiI6ICJ0b21haWMub3JnIn0=&url=http://www.hksoa.org/members_directory/other_services.php?&pageNum=4">Member of Hong Kong Shipowners Association</a><br /><a class="tracked" style="color: #ccc;" href="http://tomaic.org/5487/2013/1296/27/?info=eyJhIjogMSwgInUiOiAiSm9obi5XaW50ZXJzIiwgImUiOiAibGlicmVvZmZpY2VAbGlzdHMuZnJlZWRlc2t0b3Aub3JnIiwgInQiOiAiUFQgMTAgTmV1ZXIiLCAidiI6ICJ0b21haWMub3JnIn0=&url=http://www.containerownersassociation.org/5.html">Member of Container Owners Association</a><br /><a style="color: #ccc;" href="http://tomaic.org/3614/2013/7089/27/?info=eyJhIjogMSwgInUiOiAiSm9obi5XaW50ZXJzIiwgImUiOiAibGlicmVvZmZpY2VAbGlzdHMuZnJlZWRlc2t0b3Aub3JnIiwgInQiOiAiUFQgMTAgTmV1ZXIiLCAidiI6ICJ0b21haWMub3JnIn0=&url=http://www.iaphworldports.org/WelcometoNewIAPHMembers.aspx">Member of The International Association of Ports and Harbors</a><br /> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <img src="http://tomaic.org/3398/2013/5919/27/?info=eyJhIjogMCwgInUiOiAiSm9obi5XaW50ZXJzIiwgImUiOiAibGlicmVvZmZpY2VAbGlzdHMuZnJlZWRlc2t0b3Aub3JnIiwgInQiOiAiUFQgMTAgTmV1ZXIiLCAidiI6ICJ0b21haWMub3JnIn0=" with="0px" height="0px"/></body><html>