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The China Fund, Inc. - CHN STOCK NEWS

Welcome to our dedicated page for The China Fund news (Ticker: CHN), a resource for investors and traders seeking the latest updates and insights on The China Fund stock.

CHINA FUND, INC. (NYSE: CHN) is a premier closed-end equity mutual fund, expertly managed by Allianz Global Investors U.S. LLC. The Fund is dedicated to leveraging the dynamic public equity markets of China, encompassing the People's Republic of China, Hong Kong, and Taiwan. By investing in a diverse array of sectors, the Fund seeks to offer substantial long-term capital appreciation to its shareholders.

Founded on April 28, 1992, and domiciled in the United States, CHINA FUND, INC. has established itself as a prominent player in the investment community. The Fund's strategic investment approach involves a combination of fundamental analysis with a bottom-up methodology and quantitative analysis to curate its investment portfolio. The performance of this meticulously crafted portfolio is benchmarked against the MSCI Golden Dragon Index.

The Fund's investments span a broad spectrum of industries, including Insurance, Entertainment, Machinery, Electrical Equipment, Beverages, Hotels, Restaurants, and Leisure, amongst others. This diversification not only mitigates risk but also broadens the potential for substantial returns.

As of July 31, 2023, CHINA FUND, INC. reported significant financial results. The Fund's total net assets stood at $145,190,141, with a net asset value per share of $14.44. For the nine months ending July 31, 2023, it recorded a net investment income of $556,690 or $0.06 per share, a notable improvement from the net investment loss of $145,455 or $0.01 per share in the same period the prior year. Moreover, the Fund achieved a net realized and unrealized gain on investments and foreign currency transactions amounting to $35,358,192 or $3.52 per share.

In recent updates, for the three months ending January 31, 2024, the Fund faced a net investment loss of $275,921 or $0.03 per share. The period also saw a net realized and unrealized loss on investments and foreign currency transactions totaling $11,893,878 or $1.19 per share. Despite these losses, the Fund's total net assets were $106,253,367, with a net asset value per share of $10.65.

CHINA FUND, INC. remains committed to its objective of achieving long-term capital appreciation by primarily investing in equity securities of companies with significant operations in China. Although the Fund is permitted to engage in direct equity investments in companies organized within China, it currently holds no such direct investments. The Fund's shares are actively traded on the New York Stock Exchange under the ticker symbol "CHN" and are managed by Matthews International Capital Management, LLC.

For more detailed information and regular updates on the Fund's holdings, financial performance, and other relevant data, investors are encouraged to visit the Fund's official website or contact their investor relations through (888)-CHN-CALL.

Rhea-AI Summary
The China Fund, Inc. announces a reduced management fee due to the Adviser's fee waiver. The Fund's investment adviser, Matthews International Capital Management, LLC, has agreed to waive a portion of the management fee, reducing the total expense ratio for shareholders. The fee waiver will be effective for a year, lowering the management fee rate when the Fund's assets are under $150 million. The Fund aims for long-term capital appreciation by investing in Chinese securities and companies deriving revenue from China.
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The China Fund, Inc. (CHN) reported financial results for Q1 ending January 31, 2024. The Fund recorded a net investment loss of $275,921 or $0.03 per share, with a total net assets of $106,253,367 and net asset value per share of $10.65. A distribution of $0.0185 per share was declared on December 13, 2023. The Fund aims for long-term capital appreciation by investing in Chinese companies or those with significant ties to China.
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The China Fund, Inc. (NYSE: CHN) has announced that the annual stockholder meeting will be held virtually on March 14, 2024, at 11:00 a.m. EST. Stockholders of record as of January 17, 2024, will be entitled to attend and vote at the Meeting.
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The China Fund, Inc. (CHN) has declared a distribution of $.0185 per share, payable on January 10, 2024, to stockholders of record on December 28, 2023. The Fund aims for long-term capital appreciation by investing primarily in equity securities of companies in China or deriving at least 50% of their revenues from China. The Fund's shares are listed on the New York Stock Exchange under the ticker symbol 'CHN'.
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The China Fund, Inc. appoints Citigroup Global Markets Inc. as its agent and broker for implementing the Discount Management Program. The Program allows the Fund to repurchase up to 10% of its common shares annually when trading above a specified discount threshold. The repurchases will be made on a national securities exchange at the prevailing market price. The Program aims to enhance shareholder value by purchasing shares at a discount from their NAV per share. However, there is no assurance that the repurchases will effectively reduce the discount. The Fund's ability to purchase shares may be limited due to regulatory requirements or adverse market conditions. The Board may modify the Share Purchase Procedures at any time. The Fund also plans to conduct a performance tender offer if its investment performance does not exceed the performance benchmark. The Program will be temporarily halted during the tender offer period.
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The China Fund, Inc. records positive financial results for Q3 2023.
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FAQ

What is the primary objective of CHINA FUND, INC.?

The primary objective of CHINA FUND, INC. is to seek long-term capital appreciation by investing in equity securities in China and related markets.

Who manages CHINA FUND, INC.?

CHINA FUND, INC. is managed by Allianz Global Investors U.S. LLC.

When was CHINA FUND, INC. established?

CHINA FUND, INC. was established on April 28, 1992.

On which stock exchange is CHINA FUND, INC. listed?

CHINA FUND, INC. is listed on the New York Stock Exchange under the ticker symbol 'CHN'.

What benchmark index does CHINA FUND, INC. use?

CHINA FUND, INC. benchmarks its performance against the MSCI Golden Dragon Index.

What industries does CHINA FUND, INC. invest in?

CHINA FUND, INC. invests in diverse industries such as Insurance, Entertainment, Machinery, Electrical Equipment, Beverages, Hotels, Restaurants, and Leisure.

What was the net asset value per share of CHINA FUND, INC. as of July 31, 2023?

As of July 31, 2023, the net asset value per share was $14.44.

How can investors get more information about CHINA FUND, INC.?

Investors can get more information by visiting the Fund's official website or contacting their investor relations at (888)-CHN-CALL.

What financial results did CHINA FUND, INC. report for the first fiscal quarter ended January 31, 2024?

For the first fiscal quarter ended January 31, 2024, CHINA FUND, INC. reported a net investment loss of $275,921 or $0.03 per share.

Who is the current investment manager of CHINA FUND, INC.?

The current investment manager of CHINA FUND, INC. is Matthews International Capital Management, LLC.

The China Fund, Inc.

NYSE:CHN

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