Welcome to our dedicated page for CHINA FUND news (Ticker: CHN), a resource for investors and traders seeking the latest updates and insights on CHINA FUND stock.
CHINA FUND, INC. (NYSE: CHN) is a premier closed-end equity mutual fund, expertly managed by Allianz Global Investors U.S. LLC. The Fund is dedicated to leveraging the dynamic public equity markets of China, encompassing the People's Republic of China, Hong Kong, and Taiwan. By investing in a diverse array of sectors, the Fund seeks to offer substantial long-term capital appreciation to its shareholders.
Founded on April 28, 1992, and domiciled in the United States, CHINA FUND, INC. has established itself as a prominent player in the investment community. The Fund's strategic investment approach involves a combination of fundamental analysis with a bottom-up methodology and quantitative analysis to curate its investment portfolio. The performance of this meticulously crafted portfolio is benchmarked against the MSCI Golden Dragon Index.
The Fund's investments span a broad spectrum of industries, including Insurance, Entertainment, Machinery, Electrical Equipment, Beverages, Hotels, Restaurants, and Leisure, amongst others. This diversification not only mitigates risk but also broadens the potential for substantial returns.
As of July 31, 2023, CHINA FUND, INC. reported significant financial results. The Fund's total net assets stood at $145,190,141, with a net asset value per share of $14.44. For the nine months ending July 31, 2023, it recorded a net investment income of $556,690 or $0.06 per share, a notable improvement from the net investment loss of $145,455 or $0.01 per share in the same period the prior year. Moreover, the Fund achieved a net realized and unrealized gain on investments and foreign currency transactions amounting to $35,358,192 or $3.52 per share.
In recent updates, for the three months ending January 31, 2024, the Fund faced a net investment loss of $275,921 or $0.03 per share. The period also saw a net realized and unrealized loss on investments and foreign currency transactions totaling $11,893,878 or $1.19 per share. Despite these losses, the Fund's total net assets were $106,253,367, with a net asset value per share of $10.65.
CHINA FUND, INC. remains committed to its objective of achieving long-term capital appreciation by primarily investing in equity securities of companies with significant operations in China. Although the Fund is permitted to engage in direct equity investments in companies organized within China, it currently holds no such direct investments. The Fund's shares are actively traded on the New York Stock Exchange under the ticker symbol "CHN" and are managed by Matthews International Capital Management, LLC.
For more detailed information and regular updates on the Fund's holdings, financial performance, and other relevant data, investors are encouraged to visit the Fund's official website or contact their investor relations through (888)-CHN-CALL.
The Board of The China Fund, Inc. has declared a capital gain distribution of $0.6748 per share, payable on January 10, 2023, to stockholders of record as of December 28, 2022. The distribution consists entirely of long-term capital gains, with an ex-dividend date set for December 27, 2022. The Fund's Dividend Reinvestment and Cash Purchase Plan allows stockholders to automatically reinvest distributions unless they opt out. The Fund primarily invests in companies trading in China or deriving revenue from China, with shares traded under the ticker symbol CHN.
The China Fund, Inc. (NYSE: CHN) reported a net investment loss of $145,455 or $.01 per share for the nine months ending July 31, 2022, compared to a net investment income of $1,076,354 or $.10 per share in the same period last year. The Fund experienced a net realized and unrealized loss on investments of $77,791,631 or $7.56 per share, contrasting with a gain of $18,152,584 or $1.74 per share a year prior. Total net assets were $159,700,212, with a net asset value of $15.52 per share.
The China Fund, Inc. (NYSE: CHN) has rescheduled its annual stockholder meeting to May 3, 2022, at 11:00 a.m. via a virtual forum. Only stockholders of record as of February 19, 2022 are eligible to attend and vote. Notices will be mailed to shareholders by March 30, 2022, superseding previous notifications.
The Fund focuses on long-term capital appreciation by investing primarily in equity securities of companies in China or those deriving significant revenue from goods and services sold in China.
The China Fund, Inc. (NYSE: CHN) announced on March 21, 2022, that its annual stockholder meeting set for March 23, 2022, has been postponed. This delay aims to ensure that all necessary materials are properly mailed to shareholders. A new record date for determining eligible shareholders will be established and announced in the coming weeks. The Fund focuses on long-term capital appreciation by investing primarily in equity securities of companies linked to China.
The China Fund, Inc. (NYSE: CHN) reported a net investment loss of $(686,054) or $(0.07) per share for Q1 FY2022, compared to a loss of $(745,621) or $(0.07) per share in Q1 FY2021. The fund experienced substantial net realized and unrealized losses of $(36,047,907) or $(3.49) per share, contrasting with a gain of $50,710,836 or $4.86 per share a year earlier. Total net assets on January 31, 2022, reached $201,506,557, with a net asset value per share of $19.51 based on 10,328,734 shares outstanding.
The China Fund, Inc. (NYSE: CHN) will hold its annual stockholder meeting on March 23, 2022, at 11:00 a.m. via a virtual platform. The record date for stockholders entitled to vote has been revised to February 19, 2022, with notices mailed around February 21, 2022. The Fund aims for long-term capital appreciation through investments primarily in equity securities of companies related to China or those generating significant revenue from the region.
The China Fund, Inc. (NYSE: CHN) has announced the rescheduling of its annual stockholder meeting to March 23, 2022, at 11:00 a.m. The meeting will be held virtually. Stockholders of record by January 21, 2022, are eligible to attend and vote. Notices will be mailed on or around February 16, 2022. The Fund aims for long-term capital appreciation, primarily through investments in equity securities of companies related to China.
The China Fund, Inc. has declared a total distribution of $7.2669 per share, effective January 10, 2022. This includes long-term capital gains of $6.3866 and short-term gains of $0.8382, alongside net investment income of $0.0421 per share. The distribution is available to stockholders of record as of December 28, 2021, with an ex-dividend date of December 27, 2021. The Fund operates a Dividend Reinvestment and Cash Purchase Plan, allowing stockholders to invest at potentially advantageous prices relative to the Fund's net asset value.
The China Fund, Inc. (NYSE: CHN) announced its financial results for Q3 2021, reporting a net investment income of $1,076,354, or $0.10 per share. Net realized and unrealized gains on investments reached $18,152,584. As of July 31, 2021, total net assets stood at $323,747,776, with a net asset value per share of $31.06. The Fund declared a combined distribution of $2.3123 per share in December 2020. The Fund's focus remains on long-term capital appreciation through equity investments primarily tied to the Chinese market.
The China Fund, Inc. (NYSE: CHN) reported its financial results for Q1 of fiscal year 2021, ending January 31, 2021. The fund experienced a net investment loss of $(745,621), or $(0.07) per share, compared to $(644,789) or $(0.06) per share in the same period last year. Despite the loss, net realized and unrealized gains on investments reached $50,710,836, equating to $4.86 per share, significantly up from $6,774,596 or $0.64 per share in the previous year. The total net assets were $355,031,181, with a net asset value per share of $34.00.
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