The China Fund, Inc. Records First Quarter Results
03/16/2021 - 01:21 PM
NEW YORK , March 16, 2021 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31, 2021 . The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is in the People's Republic of China ("China "), or (ii) of companies for which the principal securities trading market is outside of China , or constituting direct equity investments in companies organized outside of China , that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China . Whilst the Fund is permitted to invest in direct equity investments of companies organized in China , it presently holds no such investments.
For the quarter ended January 31, 2021 , the Fund recorded net investment loss of $(745,621) , or $(0.07) per share, versus net investment loss of $(644,789) or $(0.06) per share, for the quarter ended January 31, 2020 . Net realized and unrealized gains on investments and foreign currency transactions for the quarter ended January 31, 2021 was $50,710,836 or $4.86 per share, compared to net realized and unrealized gain on investments and foreign currency transactions of $6,774,596 or $0.64 per share, for the quarter ended January 31, 2020 .
The Fund's total net assets on January 31, 2021 were $355,031,181 and its net asset value per share was $34.00 based on 10,443,315 shares outstanding. A combined distribution of $2.31 23 per share from net investment income and realized gains was made in December 2020 .
January 31, 2021
October 31, 2020
January 31, 2020
Total Net Assets Per Share
$355,031,181
$329,412,097
$231,838,694
Net Asset Value Per Share
$34.00
$31.52
$22.01
Shares Outstanding Per Share
10,443,315
10,449,992
10,533,371
The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Matthews International Capital Management, LLC.
For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL or visit the Fund's website at www.chinafundinc.com .
View original content:http://www.prnewswire.com/news-releases/the-china-fund-inc-records-first-quarter-results-301248645.html
SOURCE The China Fund, Inc.
CHN Rankings
#2001 Ranked by Stock Gains
CHN Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Miscellaneous, Investment Trusts/Mutual Funds
Country
US
City
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.