Welcome to our dedicated page for China Fund news (Ticker: CHN), a resource for investors and traders seeking the latest updates and insights on China Fund stock.
China Fund Inc (CHN) provides focused exposure to Chinese equities through its closed-end investment structure. This news hub aggregates official announcements, market analyses, and strategic updates related to the fund's operations across Greater China markets.
Investors access timely updates on portfolio adjustments, earnings reports, and sector-specific developments in key industries like financial services, manufacturing, and consumer sectors. All content undergoes rigorous verification to ensure alignment with regulatory standards and factual accuracy.
The repository includes press releases on investment strategy evolutions, management commentary, and performance benchmarks against the MSCI Golden Dragon Index. Regular updates cover quantitative analysis implementations and fundamental research insights driving the fund's decisions.
Bookmark this page for centralized access to verified information about CHN's market positioning. Combine monitoring of this resource with broader market research for comprehensive investment analysis.
The China Fund (NYSE: CHN) has reported its financial results for Q1 FY2024/2025 ended January 31, 2025. The Fund recorded a net investment income of $90,470 ($0.01 per share), compared to a net investment loss of $275,921 ($0.03 per share) in the same quarter last year.
Net realized and unrealized losses on investments and foreign currency transactions were $5.52 million ($0.57 per share), an improvement from losses of $11.89 million ($1.19 per share) in Q1 FY2023/2024. As of January 31, 2025, the Fund's total net assets stood at $135.87 million, with a net asset value of $13.98 per share based on 9,717,390 shares outstanding.
A distribution of $0.1497 per share from ordinary income was paid on January 10, 2025, to shareholders of record on December 30, 2024.
The China Fund (NYSE: CHN) has appointed Stifel, Nicolaus & Company as the new agent for its Discount Management Program, effective January 1, 2025. The program allows the Fund to repurchase up to 10% of its common shares annually when trading above specified discount thresholds. Additionally, Matthews International Capital Management will continue to waive a portion of its management fee, reducing it from 0.80% to 0.75% when monthly average assets are below $150 million. This fee reduction will continue until either February 1, 2026, or until the Fund's performance exceeds its benchmark, the MSCI China All Shares Index.
The China Fund (NYSE: CHN) has announced its annual stockholder meeting, scheduled for March 13, 2025, at 11:00 a.m. ET via virtual forum. Stockholders of record as of January 15, 2025, will be eligible to participate, with meeting notices to be mailed around February 10, 2025.
The Fund is a closed-end management investment company focusing on long-term capital appreciation through investments in companies with significant Chinese market exposure. It targets businesses that either trade primarily in China or derive at least 50% of revenues or assets from China. Currently listed on the NYSE under 'CHN', the Fund is managed by Matthews International Capital Management,
The China Fund (NYSE: CHN) has announced a distribution of $0.1497 per share, consisting entirely of ordinary income. The dividend will be paid on January 10, 2025, to stockholders of record on December 30, 2024. The Fund operates a Dividend Reinvestment and Cash Purchase Plan where shareholders automatically participate unless opting out. Under this plan, if shares trade at a premium to NAV, stockholders receive shares at NAV; if trading at a discount, shares are valued at market price. The Fund focuses on long-term capital appreciation by investing in companies with significant Chinese market exposure, requiring at least 50% of revenues or assets to be China-related.
The China Fund, Inc. (NYSE: CHN) reported its financial results for the third fiscal quarter ended July 31, 2024. Key highlights include:
- Net investment income of $1,408,498 ($0.14 per share) for the nine months ended July 31, 2024, compared to $556,690 ($0.06 per share) for the same period in 2023.
- Net realized and unrealized loss on investments and foreign currency transactions of $4,133,400 ($0.42 per share) for the nine-month period, versus a gain of $35,358,192 ($3.52 per share) in the previous year.
- Total net assets of $114,646,675 as of July 31, 2024, with a net asset value per share of $11.61 based on 9,871,307 shares outstanding.
- A distribution of $0.0185 per share from net investment income was paid in January 2024.
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