Schedule 13G: CSS LLC/IL Reports 5.32% Ownership in China Fund Inc

Rhea-AI Filing Summary

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.

Insights

Financial Analyst

TL;DR: A passive holder disclosed a just-above-5% stake, signaling a meaningful but non-controlling position.

CSS LLC/IL reports 531,194 shares, equal to 5.32% of China Fund Inc common stock, with sole voting and dispositive power. Because the filer used a Schedule 13G and certified the stake is not intended to influence control, this appears to be a passive investment disclosure rather than an activist accumulation. For investors, a >5% passive holder is material for ownership transparency but does not alone imply strategic change at the issuer.

Corporate Governance Expert

TL;DR: The filing notifies the market of a significant passive stake without control intentions.

The report clarifies sole voting and dispositive authority held by CSS LLC/IL over the disclosed shares and indicates no plan to affect control. From a governance perspective, this disclosure fulfills regulatory transparency requirements; it should be monitored for any subsequent amendments or switches to an active intent filing which would change the governance implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

China Fund Inc

(Name of Issuer)

Common

(Title of Class of Securities)

169373107

(CUSIP Number)

08/22/2025

(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 531,194.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 531,194.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

531,194.00

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)

5.32 %

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: 531,194
(b)	Percent of class: 5.32 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: CSS LLC/IL - 531,194
	(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 - 531,194
	(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:	08/28/2025

FAQ

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

CSS LLC/IL reports beneficial ownership of 531,194 shares, representing 5.32% of the common stock.

Does CSS LLC/IL claim voting or dispositive power over the shares?

Yes. The filing states CSS LLC/IL has sole voting power and sole dispositive power for the 531,194 shares.

Is the filing indicative of an attempt to change control at China Fund Inc (CHN)?

No. The certifying statement declares the shares were not acquired to change or influence control, indicating a passive position.

What organization is the reporting person and where is it organized?

The reporting person is CSS LLC/IL, organized in Illinois.

Does the Schedule indicate any group affiliations or shared holdings?

No. The filing indicates no shared voting or dispositive power and marks group-related items as not applicable.