China Fund Inc Stock Price, News & Analysis

The China Fund, Inc. (NYSE: CHN) reported its financial results for the first fiscal quarter ending January 31, 2023. The Fund recorded a net investment loss of $420,723 or $0.04 per share, an improvement from a loss of $686,054 or $0.07 per share for the same quarter in 2022. Net realized and unrealized gains on investments reached $60,819,850 or $5.99 per share, recovering from a loss of $36,047,907 or $3.49 per share in the prior year. Total net assets as of January 31, 2023, stood at $170,819,534, with a net asset value per share of $16.83.

The China Fund, Inc. (NYSE: CHN) has announced a new Performance Policy for a potential performance tender offer of up to 25% of its outstanding shares. This offer is contingent on the Fund's performance relative to the MSCI China All Shares Index over the period from January 1, 2023, to December 31, 2027. If the Fund's performance fails to meet the benchmark, the Board will initiate the tender offer on or before March 31, 2028, and subsequently every five years. The Board will exercise discretion on the terms of the offer based on market conditions. This policy does not affect the Fund's existing Discount Management Program, which may be temporarily halted during tender offers.

The China Fund, Inc. (NYSE: CHN) has scheduled its annual stockholder meeting for March 9, 2023, at 11:00 a.m. EST, to be held virtually. Stockholders registered by January 23, 2023 can attend and vote at this meeting. Notices will be sent out on or about February 10, 2023. The Fund aims for long-term capital appreciation through investments in equity securities primarily linked to companies in or deriving significant revenues from China.

The Board of The China Fund, Inc. has declared a capital gain distribution of $0.6748 per share, payable on January 10, 2023, to stockholders of record as of December 28, 2022. The distribution consists entirely of long-term capital gains, with an ex-dividend date set for December 27, 2022. The Fund's Dividend Reinvestment and Cash Purchase Plan allows stockholders to automatically reinvest distributions unless they opt out. The Fund primarily invests in companies trading in China or deriving revenue from China, with shares traded under the ticker symbol CHN.

The China Fund, Inc. (NYSE: CHN) reported a net investment loss of $145,455 or $.01 per share for the nine months ending July 31, 2022, compared to a net investment income of $1,076,354 or $.10 per share in the same period last year. The Fund experienced a net realized and unrealized loss on investments of $77,791,631 or $7.56 per share, contrasting with a gain of $18,152,584 or $1.74 per share a year prior. Total net assets were $159,700,212, with a net asset value of $15.52 per share.

The China Fund, Inc. (NYSE: CHN) has rescheduled its annual stockholder meeting to May 3, 2022, at 11:00 a.m. via a virtual forum. Only stockholders of record as of February 19, 2022 are eligible to attend and vote. Notices will be mailed to shareholders by March 30, 2022, superseding previous notifications.

The Fund focuses on long-term capital appreciation by investing primarily in equity securities of companies in China or those deriving significant revenue from goods and services sold in China.

The China Fund, Inc. (NYSE: CHN) announced on March 21, 2022, that its annual stockholder meeting set for March 23, 2022, has been postponed. This delay aims to ensure that all necessary materials are properly mailed to shareholders. A new record date for determining eligible shareholders will be established and announced in the coming weeks. The Fund focuses on long-term capital appreciation by investing primarily in equity securities of companies linked to China.

The China Fund, Inc. (NYSE: CHN) reported a net investment loss of $(686,054) or $(0.07) per share for Q1 FY2022, compared to a loss of $(745,621) or $(0.07) per share in Q1 FY2021. The fund experienced substantial net realized and unrealized losses of $(36,047,907) or $(3.49) per share, contrasting with a gain of $50,710,836 or $4.86 per share a year earlier. Total net assets on January 31, 2022, reached $201,506,557, with a net asset value per share of $19.51 based on 10,328,734 shares outstanding.

The China Fund, Inc. (NYSE: CHN) will hold its annual stockholder meeting on March 23, 2022, at 11:00 a.m. via a virtual platform. The record date for stockholders entitled to vote has been revised to February 19, 2022, with notices mailed around February 21, 2022. The Fund aims for long-term capital appreciation through investments primarily in equity securities of companies related to China or those generating significant revenue from the region.