China Fund Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Boston , march 4, 2024 /prnewswire/ -- the board of directors (the "board") of the china fund, inc. (nyse: chn) (the "fund"), is pleased to announce that the fund's investment adviser, matthews international capital management, llc (the "adviser"), has agreed to waive a portion of the management fee paid to it by the fund, which will reduce the fund's total expense ratio and the indirect cost to shareholders of investing in the fund. in light of current economic and market conditions affecting the performance of chinese securities generally, the board and the adviser believe it is appropriate and in the best interest of the fund and its shareholders to consider all available measures to reduce the expenses of the fund.

Boston , feb. 27, 2024 /prnewswire/ -- the china fund, inc. (nyse: chn) today announced its financial results for its first fiscal quarter ended january 31, 2024. for the three months ended january 31, 2024, the fund recorded a net investment loss of $275,921 or $0.03 per share, versus a net investment loss of $420,723 or $0.04 per share, for the quarter ended january 31, 2023.

Boston , dec. 14, 2023 /prnewswire/ -- the china fund, inc. (nyse: chn) (the "fund") announced today that the fund's annual stockholder meeting (the "meeting") will be scheduled for thursday, march 14, 2024, via a virtual forum at 11:00 a.m. est.  stockholders of record as of january 17, 2024, will be entitled to notice of, and to attend and vote at, the meeting.

Boston , dec. 13, 2023 /prnewswire/ -- the board of directors (the "board") of the china fund, inc. (the "fund") has declared a distribution in the amount of $.0185 per share. the distribution is comprised entirely of ordinary income.

Boston , sept. 27, 2023 /prnewswire/ -- the board of directors (the "board") of the china fund, inc. (nyse: chn) (the "fund") has appointed citigroup global markets inc. (the "program manager") to serve as its agent and broker for purposes of implementing the fund's discount management program (the "program").

For the third month in four, equity CEFs (+1.81%) witnessed gains while their fixed income CEF (+0.52%) counterparts for the fourth month in a row posted plus-side returns.

BOSTON , Dec. 14, 2023 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that the Fund's annual stockholder meeting (the "Meeting") will be scheduled for Thursday, March 14, 2024, via a virtual forum at 11:00 a.m. EST.  Stockholders of record as of January 17, 2024, will be entitled to notice of, and to attend and vote at, the Meeting.

China appears to be headed for more economic troubles. While the China Fund is overweight the more resilient consumer/tech side, the rest of the portfolio remains levered to broader economic shifts. With CHN's expense ratio also at a premium to comparable active funds, the NAV discount isn't all that appealing here.

For the second consecutive month, equity CEFs (+2.69% on a NAV basis) on average chalked up plus-side performance while their fixed income CEF cohorts (+1.03%) also posted gains. At month end, 13% of all CEFs traded at a premium to their NAV, with 14% of equity CEFs and 12% of fixed income CEFs trading in premium territory. Emerging Markets CEFs (+5.95%) for the first month in six outperformed the other classifications in the equity CEF universe for July.

Following a multi-year streak of relative and absolute underperformance, the Matthews Asia-managed China Fund has seen its NAV discount widen to multi-year highs. Post-reopening and with the policy backdrop for tech platforms finally turning supportive, the China Fund could outperform from here.

For the second month in three, equity CEFs (-2.68% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-1.79%) posted losses, also for the second month in three.

China Fund offers investors an investment vehicle to gain exposure to the Chinese post-COVID reopening theme. The fund is overweight consumer discretionary and real estate, so it is particularly levered to the economic trajectory and consumer sentiment shifts.

BOSTON , Jan. 13, 2023 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that the Fund's annual stockholder meeting (the "Meeting") will be scheduled for Thursday, March 9, 2023, via a virtual forum at 11:00 a.m EST.  Stockholders of record as of January 23, 2023 will be entitled to notice of, and to attend and vote at, the Meeting.

For the second month in a row, equity CEFs (+5.16% on a NAV basis) on average witnessed plus-side returns. While their fixed income CEF cohorts (+4.53%) posted gains for the first month in four.

Uncertainty does not equal China being “uninvestable”, rather it is a potential opportunity to examine. If the odds stack up, simply make it a relatively low portfolio position. It would take some extreme events for investor sentiment towards China to worsen much from here. Stock markets in the region are in the process of bottoming out.