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The China Fund Inc
The China Fund, Inc. is a non-diversified, closed-ended management investment company that seeks long-term capital appreciation by investing in equity securities of companies with significant assets, operations, or interests in the People's Republic of China (the "PRC") or companies with operations or interests in Hong Kong, Macau, or other countries with significant interests or influences from the PRC.
The company's investment objectives are to seek long-term capital appreciation through investment in equity securities of companies with significant assets, operations, or interests in the PRC or companies with operations or interests in Hong Kong, Macau, or other countries with significant interests or influences from the PRC.
They may also invest in equity securities of companies with significant assets, operations, or interests in countries with economic ties to the PRC, such as countries in the Association of Southeast Asian Nations ("ASEAN").
They have not yet declared any dividend payouts.
The ticker symbol for The China Fund Inc. is CHN, and it is traded on the New York Stock Exchange (NYSE).
As of 3/11/2023, the fund's total net assets are $162.12 million, and the net asset value per share is $16.37.
Over the past 10 years, CHN has provided a 2.6% average annual return.
The China Fund Inc holds 39 investments in its portfolio, with the major holdings including Alibaba Group Holding Ltd, Taiwan Semiconductor Manufacturing Co, and JD.com Inc.
The fund's manager is Carl E. Cremer, who commenced working for the company in August 2016.
The China Fund Inc. has an expense ratio of 1.27%, which is the cost of operating the fund. The average expense ratio for funds that invest in foreign stocks is 1.32%.
The fund's share buyback program was authorized in July 2019 and permits the repurchase of up to 5% of its common stock.
The China Fund Inc. does not pay a dividend, which means they have not declared a recent/upcoming dividend payout.
The last tender offer was made in December 2019.
United States-based China Fund, Inc., a closed-end management investment company, was formed in 1984.
The China Fund Inc. has an average daily trading volume of 18,800 shares.
The China Fund's primary listing on the NYSE is Closed-End Funds.
Wall Street analysts covering the stock often focus on fundamental analysis, which may include reviewing a company's financial statements, business trends, and management team.
The China Fund Inc.'s total net assets as of March 11, 2023, were $162.12 million.
It is advised that before making investment decisions, investors should conduct thorough research and analysis on companies, specifically those in the finance industry like The China Fund Inc. (CHN), as well as stay up-to-date with news on the overall market.