China Fund Inc Stock Price, News & Analysis

The China Fund, Inc. (NYSE: CHN) announced that stockholders approved a Plan of Liquidation and Dissolution at a special meeting on October 21, 2025.

The Fund will liquidate its portfolio, close the books at the close of business on October 29, 2025 (Determination Date), and expects the last day of NYSE trading to be that date with cessation of trading prior to the open on October 30, 2025. A primary distribution of liquidation proceeds is expected on October 31, 2025, with possible additional liquidating distributions thereafter.

Liquidation proceeds will equal the Fund's net asset value after liabilities and liquidation costs; distributions generally are taxable for U.S. federal income tax purposes. Shareholders should consult tax advisors.

The China Fund (NYSE: CHN) announced a virtual Special Meeting of stockholders at 11:00 a.m. ET on October 21, 2025 to vote on a plan of liquidation and dissolution. A proxy statement will be mailed on or about October 9, 2025, and the Fund filed the proxy with the SEC on October 6, 2025. The Board previously approved and recommends the Plan. The record date for voting is September 26, 2025. If approved, the Fund expects to distribute liquidation proceeds in one or more cash payments as soon as practicable.

The China Fund (NYSE: CHN) has reported its financial results for the third fiscal quarter ended July 31, 2025. The Fund recorded net investment income of $1.65 million ($0.17 per share) for the nine months ended July 31, 2025, up from $1.41 million ($0.14 per share) in the same period last year.

The Fund posted net realized and unrealized gains of $14.79 million ($1.54 per share), compared to losses of $4.13 million ($0.42 per share) in the previous year. As of July 31, 2025, total net assets stood at $156.43 million, with a net asset value of $16.27 per share based on 9.61 million shares outstanding.

Notably, the Fund's Board has approved a plan of liquidation and dissolution, which will be submitted for stockholder approval at an upcoming Special Meeting.

The China Fund (NYSE: CHN) announced that its Board of Directors has approved a plan of liquidation and dissolution, which will be presented to stockholders for approval at an upcoming Special Meeting. The Board recommends stockholders vote in favor of the liquidation after considering various factors including geopolitical and market conditions, fund size, trading volume, discount to NAV, and availability of competing investment products like ETFs. The Board evaluated alternatives such as converting to an open-end fund but concluded liquidation would best serve stockholders' interests. The Fund will file a proxy statement with the SEC containing detailed information about the proposed liquidation, which will be mailed to stockholders. Matthews International Capital Management, LLC serves as the Fund's investment manager.

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.