China Fund Inc SEC Filings

City of London Investment Management Company Limited reports beneficial ownership of 2,788,999 shares of China Fund, Inc. common stock, representing 29.0% of the class. The filing states those shares are owned directly by several City of London-managed funds and segregated accounts for which CLIM exercises sole voting and dispositive power. The filing asserts the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. One segregated account is noted as having the right to receive dividends or sale proceeds representing more than 5% of the reported shares.

CSS LLC/IL reported beneficial ownership of 531,194 shares of China Fund Inc common stock, representing 5.32% of the class. The filing identifies CSS LLC/IL as an Illinois-organized reporting person with sole voting and dispositive power over these shares. The statement certifies the position is not held to change or influence control of the issuer.

The Board of The China Fund, Inc. recommends stockholders approve a Plan of Liquidation and Dissolution. The Board cites the Fund's small and declining asset size, upward pressure on the expense ratio, persistent market discount to net asset value, available competing open-end products (like mutual funds and ETFs) offering greater liquidity, fund performance, and prevailing geopolitical and market conditions as reasons for the recommendation. If approved, the Fund will convert portfolio securities to cash, may deviate from its investment objective to ensure an orderly wind-up, pay liquidation expenses from Fund assets, and make one or more liquidating distributions to stockholders. The Fund estimates liquidation expenses at approximately [$•], and stockholders of record on [•], 2025 are eligible to vote.

Lazard Asset Management LLC reports it beneficially owns 819,965 shares of China Fund Inc/The, representing 8.5% of the equity class. The filing shows Lazard has sole voting and sole dispositive power over these shares, indicating it controls how the shares are voted and sold. The Schedule 13G/A includes a certification that the securities were not acquired to change or influence control of the issuer. The disclosure identifies the reporting entity and the issuer but does not describe trades, acquisition timing beyond the required event date, or additional strategic intent.

City of London Investment Management Company Limited reports beneficial ownership of 3,590,288 shares of China Fund, Inc., representing 37.4% of the class. The filing states CLIM has sole voting and sole dispositive power over all reported shares.

The shares are owned directly by various City of London Funds and by segregated accounts for which CLIM exercises discretionary authority; one segregated account is identified as having the right to receive dividends or proceeds on more than 5% of the reported shares. CLIM describes itself as a U.K.-organized investment adviser specializing in closed-end funds and certifies the holdings are held in the ordinary course of business and not to effect a change in control.

Allspring Global Investments Holdings, LLC filed Amendment No. 5 to Schedule 13G reporting its ownership in China Fund Inc. (NYSE: CHN) as of 30 June 2025. The parent holding company reports beneficial ownership of 748,320 common shares, representing 7.8 % of the fund’s outstanding shares.

The filing states that Allspring has sole voting and dispositive power over the entire position and no shared powers. Shares are held in the ordinary course of business on behalf of underlying advisory clients; the firm affirms it is not attempting to influence control of the issuer. Because the position exceeds the 5 % threshold, Allspring must continue to update its 13G filings. Signature by Senior Compliance Manager Jennifer Grunberg was dated 9 July 2025.

The China Fund filed its NPORT-P report for April 2025, revealing key portfolio metrics and performance data. The fund reported total assets of $136.2 million and net assets of $135.4 million with liabilities of $790,199.

Key financial highlights:

• Cash and cash equivalents: $1.02 million
• Securities lending activities with two counterparties: BofA Securities ($20,300) and Goldman Sachs ($564,123)
• Monthly returns for the previous three months: - Month 1: +6.87% - Month 2: +0.94% - Month 3: -6.96%

The fund, headquartered in Boston, MA, operates under Investment Company Act file number 811-05749. The report indicates no borrowings, preferred stock, or investments in Controlled Foreign Corporations. The fund maintains active securities lending operations but reports no non-cash collateral from counterparties.

The China Fund, Inc. (NYSE: CHN) filed an 8-K announcing that its Board of Directors has unanimously approved a Plan of Liquidation and Dissolution. The proposal will be submitted to stockholders for a vote at a forthcoming Special Meeting. A proxy statement detailing the Plan will be filed with the SEC and mailed to all holders of record. If approved, the Plan would end the Fund’s operations and ultimately distribute the Fund’s net assets to shareholders in cash. No timetable, distribution methodology, or estimated liquidation value is provided in the filing, and there is no indication of expected tax treatment or record date at this stage.

The Fund also furnished a related press release (Exhibit 99.1) dated June 20 2025. Aside from the liquidation proposal, no financial statements, earnings data, or major transactions are disclosed in this report. Stockholders should monitor the forthcoming proxy for detailed terms, key dates, and any potential impact on net asset value (NAV) and trading discount.