Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Nisswa Acquisition Master Fund Ltd.
 2. Date of Event Requiring Statement (Month/Day/Year)
11/20/2009		 3. Issuer Name and Ticker or Trading Symbol
China Holdings Acquisition Corp. [HOL]
(Last)
(First)
(Middle)
C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

GRAND CAYMAN, E9 KY1-1104		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants   (1) 11/16/2012 Common Stock 1,146,934 $ 7.5 D (2)  
Warrants   (1) 11/16/2012 Common Stock 2,065,667 $ 7.5 I See footnote (3) (3)
Warrants   (1) 11/16/2012 Common Stock 918,733 $ 7.5 I See footnote (4) (4)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nisswa Acquisition Master Fund Ltd.
C/O MAPLES CORPORATE SVCS LIMITED
PO BOX 309, UGLAND HOUSE
GRAND CAYMAN, E9 KY1-1104		     X    
Pine River Capital Management L.P.
601 CARLSON PARKWAY
SUITE 330
MINNETONKA, MN 55305		     X    
TAYLOR BRIAN
C/O PINE RIVER CAPITAL MANAGEMENT
601 CARLSON PARKWAY, SUITE 330
MINNETONKA, MN 55305		     X    

Signatures

Nisswa Acquisition Master Fund Ltd., By: Pine River Capital Management L.P., its: Investment Manager, By: Pine River Capital Management LLC, Its: General Partner, By: Brian Taylor, Managing Member 11/30/2009
**Signature of Reporting Person Date
Pine River Capital Management LLC, By: Brian Taylor, Managing Member 11/30/2009
**Signature of Reporting Person Date
Brian Taylor 11/30/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The warrants held by Nisswa Acquisition Master Fund Ltd. became reportable on November 20, 2009, the effective date of the business combination with Success Winner Limited.
(2) These warrants are owned by Nisswa Acquisition Master Fund Ltd., which is the Reporting Person.
(3) These warrants may be deemed to be beneficially owned by Pine River Capital Management L.P., the investment manager of Nisswa Acquisition Master Fund Ltd. (the "Investment Manager") and Brian Taylor, the managing member of Pine River Capital Management LLC, the general partner of the Investment Manager. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(4) These warrants are held in the accounts of private investment vehicles, other than Nisswa Acquisition Master Fund Ltd., over which the Investment Manager and Brian Taylor have investment discretion by virtue of their respective positions as Investment Manager and managing member of Pine River Capital Management LLC, the general partner of the Investment Manager. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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