Jaidee, who missed last week's US Masters with an arm injury recovered well to a achieve a 8-under-par 64, a course record for the Wetlands and Links configuration.
Meanwhile, Kim matched Thongchai's course record, the 21-year-old's scoring his third 64 in recent weeks.Liang Wenchong, who won the opening OneAsia event of the season also in China and Spaniard Larrazábal matched each other shot for shot to end the day tied on 6-under alongside late starter Jamie Donaldson of Wales.
The players are competing for a slash of the record prize of US$2.8 million.
Volvo was the first western brand to invest in golf in China in 1995, and predictions stated that there could be 20 million golfers in China by the time of the Olympics in six-year-time.
Also participating at the event will be Finnish F1 star Heikki Kovalainen playing the Pro-am ahead of Sunday's Chinese F1 Grand Prix.
Located in the Suzhou Industrial Park, about 90 minutes drive from Shanghai, the club is one of the most exclusive in the world with membership gained by invitation only.
Jinji Lake opened in early 2006 and instantly was awarded as the best new golf club in China.
Designed by golfing legend Gary Player, the layout features three nine holes courses with markedly different characteristics, one in links style, one with numerous ponds and creeks, called wetlands, and one in forest style.
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