China Fund

The China Fund, Inc. is a non-diversified, closed-end management investment company. Its objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China, or which derive a significant part of their revenue from China. The company was founded on April 28, 1992 and is headquartered in Boston, MA.

The China Fund is a non-diversified fund management company. They generate capital appreciation through investments in businesses and other entities with significant assets, as well as other types of investments, manufacturing operations, and trade. They offer shareholders, prospective investors, and their advisers a wealth of information.

BOSTON , Dec. 18, 2024 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (NYSE: CHN) (the "Fund") has appointed Stifel, Nicolaus & Company, Incorporated (the "Program Manager") to serve as its agent and broker for purposes of implementing the Fund's Discount Management Program (the "Program"), with effect as of January 1, 2025. The Program provides that the Fund may repurchase annually up to 10% of its common shares outstanding as of the close of business on October 31 st of the prior year in open market transactions when such shares are trading above a specified discount threshold in accordance with the procedures and parameters (the "Share Purchase Procedures") adopted by the Board.

The China Fund, Inc. Appoints New Agent for its Discount Management Program and Announces Continuation of the Reduced Management Fee

BOSTON , Dec. 13, 2024 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that the Fund's annual stockholder meeting (the "Meeting") will be scheduled for Thursday, March 13, 2025, via a virtual forum at 11:00 a.m. ET.  Stockholders of record as of January 15, 2025 will be entitled to notice of, and to attend and vote at, the Meeting.

The China Fund, Inc. Announces Date of Annual Meeting of Stockholders

BOSTON , Sept. 9, 2024 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31, 2024.

THE CHINA FUND, INC. RECORDS THIRD QUARTER 2023/2024 RESULTS

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For the third month in four, equity CEFs (+1.81%) witnessed gains while their fixed income CEF (+0.52%) counterparts for the fourth month in a row posted plus-side returns.

The Month In Closed-End Funds: February 2024

BOSTON , March 4, 2024 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (NYSE: CHN) (the "Fund"), is pleased to announce that the Fund's investment adviser, Matthews International Capital Management, LLC (the "Adviser"), has agreed to waive a portion of the management fee paid to it by the Fund, which will reduce the Fund's total expense ratio and the indirect cost to shareholders of investing in the Fund. In light of current economic and market conditions affecting the performance of Chinese securities generally, the Board and the Adviser believe it is appropriate and in the best interest of the Fund and its shareholders to consider all available measures to reduce the expenses of the Fund.

The China Fund, Inc. Announces Reduced Management Fee Due to Adviser's Fee Waiver

BOSTON , Feb. 27, 2024 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31, 2024. For the three months ended January 31, 2024, the Fund recorded a net investment loss of $275,921 or $0.03 per share, versus a net investment loss of $420,723 or $0.04 per share, for the quarter ended January 31, 2023.

THE CHINA FUND, INC. RECORDS FIRST QUARTER 2023/2024 RESULTS

BOSTON , Dec. 13, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") has declared a distribution in the amount of $.0185 per share. The distribution is comprised entirely of ordinary income.

The China Fund, Inc. Declares Distributions

BOSTON , Sept. 27, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (NYSE: CHN) (the "Fund") has appointed Citigroup Global Markets Inc. (the "Program Manager") to serve as its agent and broker for purposes of implementing the Fund's Discount Management Program (the "Program").

The China Fund, Inc. Announces Changes to its Discount Management Program

BOSTON , Sept. 14, 2023 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31, 2023.

THE CHINA FUND, INC. RECORDS THIRD QUARTER 2022/2023 RESULTS

Chinese tech stocks have underperformed compared to American tech stocks this year. Michael Burry, known for his successful bet against the housing market, is long Chinese e-commerce giants JD.com and Alibaba, names which represent top holdings in CHN. Faced with an economic slowdown and U.S. government restrictions, the Chinese government is moving towards supporting its private enterprises in order to stimulate growth and employment.

CHN: China CEF Looking Attractive

China appears to be headed for more economic troubles. While the China Fund is overweight the more resilient consumer/tech side, the rest of the portfolio remains levered to broader economic shifts. With CHN's expense ratio also at a premium to comparable active funds, the NAV discount isn't all that appealing here.

China Fund: Deteriorating Chinese Economic Data Warrants Caution

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For the second consecutive month, equity CEFs (+2.69% on a NAV basis) on average chalked up plus-side performance while their fixed income CEF cohorts (+1.03%) also posted gains. At month end, 13% of all CEFs traded at a premium to their NAV, with 14% of equity CEFs and 12% of fixed income CEFs trading in premium territory. Emerging Markets CEFs (+5.95%) for the first month in six outperformed the other classifications in the equity CEF universe for July.

The Month In Closed-End Funds: July 2023

Following a multi-year streak of relative and absolute underperformance, the Matthews Asia-managed China Fund has seen its NAV discount widen to multi-year highs. Post-reopening and with the policy backdrop for tech platforms finally turning supportive, the China Fund could outperform from here.

China Fund: Invest In China's Leading Platforms At A Steeper Than Usual Discount

BOSTON , March 21, 2023 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31, 2023. For the three months ended January 31, 2023, the Fund recorded net investment loss of $420,723 or $0.04 per share, versus net investment loss of $686,054 or $0.07 per share, for the quarter ended January 31, 2022.

THE CHINA FUND, INC. RECORDS FIRST QUARTER 2022/2023 RESULTS

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For the second month in three, equity CEFs (-2.68% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-1.79%) posted losses, also for the second month in three.

The Month In Closed-End Funds: February 2023

BOSTON , Jan. 24, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund , Inc. (NYSE: CHN) (the "Fund") announces that it has unanimously approved the adoption of a policy pursuant to which the Fund intends to conduct a performance tender offer for up to twenty-five percent (25%) of the Fund's then-issued and outstanding shares of common stock on or before March 31, 2028, and on each fifth-year anniversary thereafter, if the Fund's investment performance[ 1 does not equal or exceed that of the Fund's performance benchmark, the MSCI China All Shares Index2, for the period commencing on January 1, 2023 and ending on December 31, 2027 (and for each five-year performance period thereafter) (the "Performance Policy"). The offer size, price at which shares are to be tendered, and other terms and conditions of such performance tender offer would be determined by the Board in its discretion based on its review and consideration of market conditions at that time and any other factors it deems relevant.

The China Fund Inc Announces Adoption of Conditional Performance Tender Offer Policy

China Fund offers investors an investment vehicle to gain exposure to the Chinese post-COVID reopening theme. The fund is overweight consumer discretionary and real estate, so it is particularly levered to the economic trajectory and consumer sentiment shifts.

China Fund: Gain Exposure To The China Recovery At A Wider Than Usual Discount

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For the second month in a row, equity CEFs (+5.16% on a NAV basis) on average witnessed plus-side returns. While their fixed income CEF cohorts (+4.53%) posted gains for the first month in four.

The Month In Closed-End Funds: November 2022

BOSTON , Nov. 17, 2022 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31, 2022. For the nine months ended July 31, 2022, the Fund recorded net investment loss of $145,455 or $.01 per share, versus net investment income of $1,076,354 or $.10 per share, for the nine months ended July 31, 2021.

THE CHINA FUND, INC. RECORDS THIRD QUARTER 2021/2022 RESULTS

Uncertainty does not equal China being “uninvestable”, rather it is a potential opportunity to examine. If the odds stack up, simply make it a relatively low portfolio position. It would take some extreme events for investor sentiment towards China to worsen much from here. Stock markets in the region are in the process of bottoming out.

China Fund Review: Chinese Stocks Are Not 'Uninvestable'

The China Fund is a closed end fund focused on Chinese equities. The fund has seen its discount widen substantially this year as the holdings have underperformed.

CHN: 'Made In China' With A Discount

BOSTON, March 22, 2022 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced on March 21, 2022, that the Fund's annual stockholder meeting scheduled to be held on March 23, 2022, will be postponed, until further notice, to ensure materials mailed to shareholders contain all necessary and relevant information. A new record date for determining the shareholders entitled to notice of, and to attend and vote at the meeting will be established and announced in the coming weeks.

The China Fund, Inc. Announces Postponement of Annual Meeting of Stockholders

BOSTON , March 16, 2022 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31, 2022. For the quarter ended January 31, 2022, the Fund recorded net investment loss of $(686,054) or $(0.07) per share versus net investment loss of $(745,621) or $(0.07) per share for the quarter ended January 31, 2021.

THE CHINA FUND, INC. RECORDS FIRST QUARTER 2021/2022 RESULTS

Chinese currency has gained significant ground against dollar and huge amounts of capital have flowed from the U.S. into China over past two years.

News for China Fund ETF (CHN)