The China Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1633 Broadway New York City NY United States of America 10019
- IPO Date
- Jul 10, 1992
- CIK
- 0000845379
- Website
- chinafundinc.com
- Similar Companies
- Business
- The China Fund, Inc. (NYSE: CHN) is a non-diversified, closed-end management investment company that seeks long-term capital appreciation primarily through investments in equity securities of China companies, including those listed in the People's Republic of China (including Hong Kong and Taiwan), or companies deriving at least 50% of revenues or assets from China; it invests across diversified sectors such as consumer discretionary, insurance, entertainment, machinery, electrical equipment, beverages, hotels, restaurants, leisure, internet/e-commerce, health care, life insurance, media, travel, transportation, property, wealth management, energy, and commodities, employing a fundamental bottom-up stock selection process combined with quantitative analysis, focusing on growth-at-a-reasonable-price with emphasis on governance, management quality, capital efficiency, and sustainable cash flows; the fund benchmarks against the MSCI Golden Dragon Index and maintains a policy to invest at least 80% of assets in China companies, managed by portfolio managers at Matthews Asia including Andrew Mattock, Winnie Chwang, and Sherwood Zhang. Launched on April 28, 1992 and domiciled in the United States with administration in Boston, the fund targets a multi-cap universe of approximately 5,000 publicly listed companies in Hong Kong and Mainland China (including A-shares and B-shares), screening for market caps over US$1 billion and return on assets above 5%, with geographic focus on Mainland China A-shares, B-shares, H-shares, Hong Kong-listed SAR companies, China-affiliated red chips, and other listings deriving significant China exposure. In recent developments, the fund's Board approved a plan of liquidation and dissolution in June 2025, which stockholders approved at a special meeting on October 21, 2025; the fund liquidated its portfolio on October 29, 2025, closing books on shares and distributing liquidation proceeds to shareholders starting October 31, 2025, proportionate to net asset value after settling liabilities, marking the cessation of normal investment activities; earlier in fiscal year 2024/2025, it reported net investment income for quarters ended January 31 and July 31, 2025, alongside net assets of approximately $135.9 million (NAV $13.98 per share) and $156.4 million (NAV $16.27 per share), respectively, with regular distributions such as $0.1497 per share in December 2024.
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