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Computime Group Limited (00320)

The Cathay Investment Fund, Ltd. is a closed-end investment fund traded on The Stock Exchange of Hong Kong Ltd.. Cathay's principal objective is the development of a diversified portfolio of direct investments in companies operating in the People's Republic of China. Beginning operations in January 1993, with initial capital of US$65 million. Cathay's Net Assets by year end 1997 exceeded US$132 million. Cathay invests a