#United States #Boston #China Fund #Investment Results #NYSE CHN

The China Fund, Inc. Reports Financial Growth for Q3 2024/2025

The China Fund, Inc., listed on the New York Stock Exchange under the ticker symbol CHN, announced its financial results for the third fiscal quarter ending July 31, 2025. The Fund reported a robust net investment income of $1,647,647, or $0.17 per share, showing a notable increase compared to $1,408,498, or $0.14 per share, for the same period last year. This growth in net investment income reflects the Fund's effective investment strategies and market responsiveness.

In addition to the positive income figures, the Fund also experienced significant net realized and unrealized gains on its investments and foreign currency transactions, amounting to $14,788,540 or $1.54 per share, a stark contrast to the losses of $4,133,400 or $0.42 per share reported during the previous year’s nine-month period. This rebound signifies a strong recovery for the Fund amidst fluctuating market conditions, emphasizing the potential for future performance.

As of July 31, 2025, the Fund's total net assets reached $156,430,675, with a net asset value per share of $16.27 based on the 9,612,390 shares outstanding. This is up from $143,558,730 and a net asset value of $14.67 per share on October 31, 2024, and well above the $114,646,675 and $11.61 per share recorded a year prior. The increase indicates a strengthening financial position and shareholder value.

In December 2024, the Fund declared a distribution of $0.1497 per share from ordinary income, which was subsequently paid out in January 2025. This distribution reflects the Fund's commitment to return value to its shareholders.

The China Fund primarily aims for long-term capital appreciation through strategic investments in equity securities associated with companies heavily involved in China. As of now, while it is permitted to invest directly in Chinese-organized companies, it currently does not hold any such investments. Instead, the focus remains on companies trading primarily outside of China but deriving significant revenue from within the country. This strategy helps to mitigate risk while leveraging growth opportunities in the rapidly expanding Chinese market.

The Fund's investment management is overseen by Matthews International Capital Management, LLC, which is responsible for adapting investment strategies to align with market dynamics and investor interests. The clear communication of financial results and the ongoing performance improvements showcase a robust management approach.

However, it is notable that on June 20, 2025, the Fund's Board of Directors recommended a plan for liquidation and dissolution, which will be put to a vote at an upcoming Special Meeting of shareholders. Detailed information regarding this plan will be made available in a proxy statement sent to stockholders. The Board continues to advocate for the liquidation decision, encouraging stockholders to participate in the upcoming vote.

Investors are reminded that past performance does not guarantee future results, and carefully reviewing the Fund’s investment objectives, risks, and associated expenses is advised before making any investment decisions.

For further details regarding the China Fund, inquiries can be directed to (888)-CHN-CALL or through their official website, www.chinafundinc.com. With significant financial achievements and a proactive approach towards investment, The China Fund, Inc. stands as a compelling entity within the investment landscape.