----

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| x | Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|-----------------------------------------------------------------------------------------|

|   | For the quarterly period ended August 31, 2010 |
|--------|------------------------------------------------|

| o | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|------------------------------------------------------------------------------------------|

|   | For the transition period from ______to ______ |
|--------|------------------------------------------------|

|   |  CHINA ELITE INFORMATION CO., LTD.                      |   |
|--------|--------------------------------------------------------------|--------|
|   |  (Exact name of Registrant as Specified in its Charter) |   |

|   | BRITISH VIRGIN ISLANDS                                              |   | 11-3462369                             |   |
|--------|---------------------------------------------------------------------|--------|----------------------------------------|--------|
|   | (State or other jurisdiction of incorporation or organization) |   |  (IRS EmployerIdentification No.) |   |

|   | c/o DeHeng Chen, LLC, 225 Broadway, Suite 1910, NY, NY |   | 10007       |   |
|--------|--------------------------------------------------------|--------|-------------|--------|
|   | (Address of Principal Executive Offices)               |   | (Zip C ode) |   |

|   |  (212) 608-6500                                             |   |
|--------|------------------------------------------------------------------|--------|
|   |  (Registrant’s telephone number, including area code) |   |

| o Large accelerated filer | o Accelerated filer         |
|--------------------------------|----------------------------------|
| o Non-accelerated filer   | x Smaller reporting company |

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----

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INDEX

|                                        |                                                                                        | PageNumber |   |
|---------------------------------------------|---------------------------------------------------------------------------------------------|------------|--------|
| PART I. FINANCIAL INFORMATION          | 1                                                                                           |       |
|                                        |                                                                                        |       |
| Item 1.                                     | Condensed Interim Financial Statements                                                      | 1          |   |
|                                        |                                                                                        |       |   |
|                                        | Condensed Interim Balance Sheets                                                            | 1          |   |
|                                        |                                                                                        |       |   |
|                                        | Condensed Interim Statements of Operations                                                  | 2          |   |
|                                        |                                                                                        |       |   |
|                                        | Condensed Interim Statements of Cash Flows                                                  | 3          |   |
|                                        |                                                                                        |       |   |
|                                        | Condensed Notes to Interim Financial Statements                                             | 4          |   |
|                                        |                                                                                        |       |   |
| Item 2.                                     | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 5          |   |
|                                        |                                                                                        |       |   |
| Item 4.                                     | Controls and Procedures                                                                     | 7          |   |
|                                        |                                                                                        |       |   |
| PART II.   OTHER INFORMATION | 7                                                                                           |       |
|                                        |                                                                                        |       |
| Item 1.                                     | Legal Proceedings                                                                           | 7          |   |
|                                        |                                                                                        |       |   |
| Item 2.                                     | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 7          |   |
|                                        |                                                                                        |       |   |
| Item 3.                                     | Defaults Upon Senior Securities                                                             | 7          |   |
|                                        |                                                                                        |       |   |
| Item 4.                                     | [REMOVED AND RESERVED]                                                                      | 7          |   |
|                                        |                                                                                        |       |   |
| Item 5.                                     | Other Information                                                                           | 7          |   |
|                                        |                                                                                        |       |   |
| Item 6.                                     | Exhibits                                                                                    | 8          |   |
|                                        |                                                                                        |       |   |
| SIGNATURES                                  |                                                                                        | 9          |   |

----

Index

PART I.   

| Item 1. | Condensed Interim Financial Statements |
|---------|----------------------------------------|

CONDENSED INTERIM 

| (Expressed in U.S. Dollars)                                                                     |   | August 31,2010(Unaudited) |          |   | November 30,2009(Audited) |   |
|-------------------------------------------------------------------------------------------------|--------|---------------------------|---------------|--------|---------------------------|--------|
|                                                                                            |   |                      |          |   |                      |   |
| ASSETS                                                                                          |   |                      |          |   |                      |   |
|                                                                                            |   |                      |          |   |                      |   |
| Total assets                                                                                    |   | $                         | -             |   |                      | $      | - |   |
|                                                                                            |   |                      |          |   |                      |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                  |   |                      |          |   |                      |   |   |   |
| Current Liabilities                                                                             |   |                      |          |   |                      |   |   |   |
| Accounts payable and accrued expenses                                                           |   | $                         | 6,483         |   |                      | $      | 3,687 |   |
| Loans from shareholder                                                                          |   |                      | 529,644       |   |                      |   | 505,954 |   |
| Total current liabilities                                                                       |   |                      | 536,127       |   |                      |   | 509,641 |   |
|                                                                                            |   |                      |          |   |                      |   |   |   |
| Commitments and Contingencies                                                                   |   |                      |          |   |                      |   |   |   |
|                                                                                            |   |                      |          |   |                      |   |   |   |
| Stockholders’ Deficiency                                                                  |   |                      |          |   |                      |   |   |   |
| Preferred stock: $0.01 par value; 10,000,000 shares authorized; issued and outstanding: none    |   |                      |  -       |   |                      |   |  - |   |
| Common stock: $0.01 par value; 50,000,000 shares authorized; issued and outstanding: 11,200,000 |   |                      |  112,000 |   |                      |   |  112,000 |   |
| Additional paid in capital                                                                      |   |                      | 154,465       |   |                      |   | 154,465 |   |
| Deficit accumulated during the development stage                                                |   |                      | (802,592      | )      |                      |   | (776,106 | ) |
| Total stockholders’ deficiency                                                            |   |                      | (536,127      | )      |                      |   | (509,641 | ) |
|                                                                                            |   |                      |          |   |                      |   |   |   |
| Total liabilities and stockholders’ deficiency                                            |   | $                         | -             |   |                      | $      | - |   |

----

Index

CONDE

| (Expressed in U.S. Dollars)                |   | Cumulative from inception |     |   | Nine months endedAugust 31, |   |       | Three months endedAugust 31, |   |
|--------------------------------------------|--------|---------------------------|----------|--------|-----------------------------|--------|------------|------------------------------|--------|
|                                       |   |                      | 2010     |   |                        | 2009   |       |                         | 2010   |   |   | 2009 |   |
|                                       |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |
| Revenues                                   |   | $                         | -        |   |                        | $      | -          |                         |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                       |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses        |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and benefits                      |   |                      | 181,888  |   |                        |   | -          |                         |   |   | - |   |   |   | - |   |   |   | - |   |
| General and administrative                 |   |                      | 549,836  |   |                        |   | 26,486     |                         |   |   | 33,958 |   |   |   | 6,372 |   |   |   | 8,160 |   |
| Consulting fees – related party      |   |                      | 150,000  |   |                        |   | -          |                         |   |   | - |   |   |   | - |   |   |   | - |   |
| Total general and administrative expenses  |   |                      | 881,724  |   |                        |   | 26,486     |                         |   |   | 33,958 |   |   |   | 6,372 |   |   |   | 8,160 |   |
|                                       |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss                             |   |                      | (881,724 | )      |                        |   | (26,486    | )                            |   |   | (33,958 | ) |   |   | (6,372 | ) |   |   | (8,160 | ) |
|                                       |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                     |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss on disposal of property and equipment |   |                      | (1,473   | )      |                        |   | -          |                         |   |   | - |   |   |   | - |   |   |   | - |   |
| Interest expense                           |   |                      | (53,956  | )      |                        |   | -          |                         |   |   | - |   |   |   | - |   |   |   | - |   |
| Interest income                            |   |                      | 134,561  |   |                        |   | -          |                         |   |   | - |   |   |   | - |   |   |   | - |   |
| Total other income (expense)               |   |                      | 79,132   |   |                        |   | -          |                         |   |   | - |   |   |   | - |   |   |   | - |   |
|                                       |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                   |   | $                         | (802,592 | )      |                        | $      | (26,486    | )                            |   | $ | (33,958 | ) |   | $ | (6,372 | ) |   | $ | (8,160 | ) |
|                                       |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted net loss per share       |   |                      |     |   |                        | $      | (0.00      | )                            |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
|                                       |   |                      |     |   |                        |   |       |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding        |   |                      |     |   |                        |   | 11,200,000 |                         |   |   | 11,200,000 |   |   |   | 11,200,000 |   |   |   | 11,200,000 |   |

----

Index

COND

| (Expressed in U.S. Dollars)                                                      |   | Cumulative from inception |       |   | 2010   |   |    | 2009   |   |
|----------------------------------------------------------------------------------|--------|---------------------------|------------|--------|--------|--------|---------|--------|--------|
|                                                                             |   |                      |       |   |   |   |    |   |   |
| Cash flows from operating activities                                             |   |                      |       |   |   |   |    |   |   |
| Net loss                                                                         |   | $                         | (802,592   | )      |   | $      | (26,486 | )      |   | $ | (33,958 | ) |
| Adjustments to reconcile net loss to net cash flows used in operating activities |   |                      |       |   |   |   |    |   |   |   |   |   |
| Depreciation and organization costs                                              |   |                      | 11,492     |   |   |   | -       |   |   |   | - |   |
| Loss on disposal of property and equipment                                       |   |                      | 1,473      |   |   |   | -       |   |   |   | - |   |
| Common stock issued for services                                                 |   |                      | 48,400     |   |   |   | -       |   |   |   | - |   |
| (Increase) decrease in interest receivable                                       |   |                      | (1,483     | )      |   |   | -       |   |   |   | - |   |
| (Increase) decrease in prepayment                                                |   |                      | -          |   |   |   | -       |   |   |   | (90 | ) |
| Increase (decrease) in accounts payable and accrued expenses                     |   |                      | 6,483      |   |   |   | 2,796   |   |   |   | (3,935 | ) |
| Net cash flows used in operating activities                                      |   |                      | (736,227   | )      |   |   | (23,690 | )      |   |   | (37,983 | ) |
|                                                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Cash flows from investing activities                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Cash paid for note receivable                                                    |   |                      | (1,117,602 | )      |   |   | -       |   |   |   | - |   |
| Cash received from note receivable                                               |   |                      | 1,117,602  |   |   |   | -       |   |   |   | - |   |
| Cash paid for equipment                                                          |   |                      | (11,465    | )      |   |   | -       |   |   |   | - |   |
| Net cash flows used in investing activities                                      |   |                      | (11,465    | )      |   |   | -       |   |   |   | - |   |
|                                                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Cash flows from financing activities                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Loans from shareholder                                                           |   |                      | 544,041    |   |   |   | 23,690  |   |   |   | 37,983 |   |
| Proceeds from issuance of stock                                                  |   |                      | 1,531,250  |   |   |   | -       |   |   |   | - |   |
| Cash paid for stock redemption                                                   |   |                      | (150,000   | )      |   |   | -       |   |   |   | - |   |
| Deferred offering costs against capital                                          |   |                      | (25,927    | )      |   |   | -       |   |   |   | - |   |
| Acquisition of treasury stock                                                    |   |                      | (1,151,672 | )      |   |   | -       |   |   |   | - |   |
| Net cash flows provided by financing activities                                  |   |                      | 747,692    |   |   |   | 23,690  |   |   |   | 37,983 |   |
|                                                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                                 |   |                      | -          |   |   |   | -       |   |   |   | - |   |
|                                                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Cash and cash equivalents, beginning of period                                   |   |                      | -          |   |   |   | -       |   |   |   | - |   |
|                                                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Cash and cash equivalents, end of period                                         |   | $                         | -          |   |   | $      | -       |   |   | $ | - |   |
|                                                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Cash paid for interest and income taxes                                          |   | $                         | -          |   |   | $      | -       |   |   | $ | - |   |
|                                                                             |   |                      |       |   |   |   |    |   |   |   |   |   |
| Supplemental noncash investing and financing activities:                         |   |                      |       |   |   |   |    |   |   |   |   |   |
| Common stock issued for services                                                 |   | $                         | 48,400     |   |   | $      | -       |   |   | $ | - |   |
| Loans payable converted to additional paid in capital                            |   | $                         | 14,397     |   |   | $      | -       |   |   | $ | - |   |

----

Index

CONDENSED NOTES 

----

----

Index

| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

----

Index

----

Index

| Item 4. | Controls and Procedures |
|---------|-------------------------|

PART II

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 4. | [REMOVED AND RESERVED] |
|---------|------------------------|

| Item 5. | Other Information |
|---------|-------------------|

----

Index

|  Item 6.  | Exhibits |
|---------------------|----------|
|                |     |   |
|                | (a)      | Exhibits |
|                |     |   |
|                |     | Exhibit 31 - Certification of President, Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|                |     |   |
|                |     | Exhibit 32 - Certification of President, Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

----

Index

SIGNATURES

|                              |   | CHINA ELITE INFORMATION CO., LTD.     |
|-----------------------------------|--------|---------------------------------------|
|                              |   |                                  |
|                              |   |                                  |
| Date:  October 22, 2010 | By     | /s/ Li Kin Shing                      |
|                              |   | Li Kin Shing                          |
|                              |   | President and Chief Executive Officer |

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