CSS LLC/IL Amends 13G to Show 693,261 Shares (6.94%) in CHN

Rhea-AI Filing Summary

CSS LLC/IL filed an amendment to Schedule 13G reporting ownership of 693,261 shares of common stock of China Fund, Inc., representing 6.94 of the class. The filing identifies CSS LLC/IL as an Illinois-organized reporting person with sole voting and dispositive power over all reported shares. The statement affirms the shares were not acquired to change or influence control of the issuer. The filing lists the issuer's principal office in Boston and is signed by Mitchell R. Bialek (CCO) with a signature date of 10/08/2025.

Positive

• Material disclosure of ownership equal to 6.94, providing clarity to the market
• Sole voting and dispositive power declared for 693,261 shares, improving transparency
• Certification that the stake is not held to influence control, indicating passive intent

Negative

• None.

Insights

Corporate Governance Analyst

Holder crossed the 5 % materiality threshold and filed a Schedule 13G amendment.

The filing documents that CSS LLC/IL holds 693,261 shares, equal to 6.94 of China Fund's common stock and reports sole voting and dispositive power. Because the filer checked the passive ownership pathway and certified the stake is not intended to influence control, this is presented as a passive, reportable stake rather than an activist position.

Key dependencies include whether the stake remains below any control-intent triggers and whether further filings (Schedule 13D or additional amendments) are required if ownership or intentions change. Investors should note the reported ownership level as of 09/30/2025 as the monitorable milestone for regulatory thresholds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

China Fund, Inc.

(Name of Issuer)

Common

(Title of Class of Securities)

169373107

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 169373107

1

Names of Reporting Persons

CSS LLC/IL

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 693,261.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 693,261.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

693,261.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.94 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: China Fund, Inc.
(b)	Address of issuer's principal executive offices: 50 Post Office Square, Boston, MASSACHUSETTS 02110
Item 2.
(a)	Name of person filing: CSS LLC/IL
(b)	Address or principal business office or, if none, residence: 1 NORTH WACKER DRIVE SUITE 3075 CHICAGO, Illinois 60606
(c)	Citizenship: CSS LLC/IL - ILLINOIS
(d)	Title of class of securities: Common
(e)	CUSIP No.: 169373107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 693,261
(b)	Percent of class: 6.94 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: CSS LLC/IL - 693,261
	(ii) Shared power to vote or to direct the vote: CSS LLC/IL - 0
	(iii) Sole power to dispose or to direct the disposition of: CSS LLC/IL - 693,261
	(iv) Shared power to dispose or to direct the disposition of: CSS LLC/IL - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CSS LLC/IL

Signature:	Mitchell R. Bialek
Name/Title:	Mitchell R. Bialek/CCO
Date:	10/08/2025

FAQ

What stake does CSS LLC/IL report in China Fund, Inc. (CHN)?

CSS LLC/IL reports beneficial ownership of 693,261 shares, representing 6.94 of the common stock.

Does the filing say CSS LLC/IL intends to influence control of CHN?

No. The filing includes a certification that the shares were not acquired and are not held to change or influence control.

What voting/dispositive power does CSS LLC/IL have over the shares?

The filer reports sole voting and sole dispositive power for all 693,261 shares and 0 shared powers.

When is the event date related to this Schedule 13G/A filing?

The date of the event requiring the filing is listed as 09/30/2025 and the signature date is 10/08/2025.

Where is CSS LLC/IL organized and where is the issuer located?

CSS LLC/IL is organized in Illinois; the issuer's principal executive office is in Boston, Massachusetts.