STOCK TITAN

China Fund Inc - CHN STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect China Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of China Fund's position in the market.

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.97%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
none
Rhea-AI Summary
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'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
-
Rhea-AI Summary
The China Fund, Inc. records positive financial results for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
China Fund Inc

NYSE:CHN

CHN Rankings

CHN Stock Data

96.71M
0.69%
76.47%
0.24%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Boston

About CHN

the china fund, inc. is a closed ended equity mutual fund launched and managed by allianz global investors u.s. llc. it invests in the public equity markets of china that includes the people's republic of china, hong kong, and taiwan. the fund invests in stocks of companies operating across diversified sectors. it employs a combination of fundamental analysis with bottom-up approach and quantitative analysis to create its portfolio. the fund seeks to benchmarks the performance of its portfolio against the msci golden dragon index. the china fund, inc. was formed on april 28, 1992 and is domiciled in the united states.