CHN - The China Fund, Inc.

NYSE - NYSE Delayed Price. Currency in USD
18.60
-0.24 (-1.27%)
As of 1:30PM EDT. Market open.
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Previous Close18.84
Open18.64
Bid18.59 x 800
Ask18.61 x 800
Day's Range18.52 - 18.64
52 Week Range16.45 - 22.86
Volume4,462
Avg. Volume33,290
Market Cap292.442M
Beta (3Y Monthly)1.05
PE Ratio (TTM)N/A
EPS (TTM)-3.78
Earnings DateN/A
Forward Dividend & Yield0.17 (0.83%)
Ex-Dividend Date2017-12-18
1y Target EstN/A
Trade prices are not sourced from all markets
  • PR Newswire29 days ago

    The China Fund Inc. announces changes to its Fund Administration, Fund Accounting, Custodial Services supplier and changes in the Board's Responsibilities

    NEW YORK, April 24, 2019 /PRNewswire/ -- The China Fund, Inc. (the "Fund") (CHN) announced today that its Board of Directors (the "Board") has signed agreements covering Fund Administration, Fund Accounting, Custodial Services and Securities Lending with Brown Brothers Harriman & Co ("BBH") that are planned to commence on or about July 1, 2019, following an orderly transition from the present provider. BBH, a privately held financial services institution with eighteen offices worldwide, has been a leading solutions provider to global investors for over 200 years and will provide all cross-border custody, accounting, administration and securities lending support services to the Fund. This change of provider is a direct result of the Board of Directors' review of the Fund's service providers, which was initiated in 2018 following stockholders' election of the newest members of the Board.

  • PR Newswire2 months ago

    The China Fund, Inc. Records First Quarter Results

    NEW YORK , March 13, 2019 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31 , 2019.  The Fund is a closed-end management ...

  • PR Newswire3 months ago

    The China Fund, Inc. Announces Final Results of Tender Offer

    NEW YORK, Feb. 11, 2019 /PRNewswire/ -- The China Fund, Inc. (CHN) (the "Fund") announced today that, in accordance with its tender offer (the "Offer") to purchase up to 4,716,803 of the Fund's issued and outstanding shares of common stock, par value $0.01 (the "Shares"), which expired on February 5, 2019, the Fund has accepted 4,716,803 Shares for payment on or about February 12, 2019 at $20.61 per Share, which is equal to 99% of the Fund's net asset value per Share as of the close of regular trading on the New York Stock Exchange on February 6, 2019 (the "Purchase Price"). The Fund will make prompt payment to participating stockholders of the Purchase Price for Shares accepted in the tender offer. The 4,716,803 Shares represent 30% of the Fund's outstanding Shares as of January 4, 2019.

  • PR Newswire3 months ago

    The China Fund, Inc. Announces Launch of Discount Management Program, with Revisions

    NEW YORK, Feb. 6, 2019 /PRNewswire/ -- The China Fund, Inc. (CHN) a closed-end investment company (the "Fund"), announced today that it plans to launch its previously announced Discount Management Program (the "Program") on February 21, 2019.  The Discount Management Program has been revised in several respects, the significant one being that the Fund will disclose the Discount Threshold above which shares will be repurchased.  The Discount Threshold is currently set at 9.5%. The Board or its Discount Management Committee (the "Committee") will regularly monitor the relationship between the market price and NAV of the common shares. The Discount Threshold may be increased or decreased by the Board or Committee at any time.  Under the Program, the Fund is authorized to repurchase in each twelve-month period ended October 31 up to 10% of its common shares outstanding as of the close of business on October 31 of the prior year.  This limit may be increased or decreased by the Board or Committee at any time.  In addition, the Board may elect to take actions other than open market repurchases to address the discount.

  • PR Newswire3 months ago

    The China Fund, Inc. Announces Expiration and Preliminary Results of Tender Offer

    NEW YORK, Feb. 6, 2019 /PRNewswire/ -- The China Fund, Inc. (CHN) (the "Fund") announced today the expiration of its tender offer (the "Offer") to purchase up to 30% of the Fund's issued and outstanding shares of common stock, par value $0.01 per share (the "Shares"). Under the terms of the Offer, the Fund offered to purchase up to 30% of the Fund's outstanding Shares, or 4,716,803 Shares in the aggregate, for cash at a price per Share equal to 99% of the Fund's net asset value per Share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the Termination Date. Based upon current information, approximately 11,800,248 Shares, or approximately 75.05% of the Fund's Shares, were tendered and not withdrawn through the Termination Date, including shares tendered pursuant to notices of guaranteed delivery.

  • PR Newswire4 months ago

    The China Fund, Inc. Announces the Resignation of Chairman and Director Gary L. French, the Redesignation of Director Richard A. Silver as a Class II Director, Changes to the Composition of the Board and the Intended Resignation of Director William C. Kirby

    NEW YORK, Jan. 30, 2019 /PRNewswire/ -- The China Fund, Inc. (CHN) (the "Fund") announced today that Gary L. French, a Director and Chairman, has submitted his resignation effective February 15, 2019. The Fund also announced that the Fund's Board of Directors has appointed Richard A. Silver as Chairman of the Board, effective upon Mr. French's resignation, and has redesignated Mr. Silver, currently a Class I Director, as a Class II Director and nominated him for re-election at the Fund's Annual Meeting of Stockholders in March 2019 ("Annual Meeting"). Further details regarding this stockholder proposal can be found in the Fund's proxy statement scheduled to file on or about January 30, 2019.

  • PR Newswire4 months ago

    The China Fund, Inc. Announces Extension of Tender Offer

    NEW YORK, Jan. 14, 2019 /PRNewswire/ -- The China Fund, Inc. (CHN) (the "Fund") announced today the extension of the tender offer announced by the Fund on January 4, 2019 to purchase up to 30% of the Fund's issued and outstanding shares of common stock, par value $0.01 per share (the "Shares"), or 4,716,803 Shares in the aggregate, for cash at a price per Share equal to 99% of the Fund's net asset value per Share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires (the "Tender Offer"). Because of delay in printing and mailing documents by the time required by regulations of the Securities and Exchange Commission, the Tender Offer is being extended by one day to February 5, 2019. In all other respects, the Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Repurchase and related Letter of Transmittal.  As of January 11, 2019, no Shares have been tendered in the Tender Offer.

  • PR Newswire5 months ago

    The China Fund, Inc. Announces Commencement of Tender Offer

    NEW YORK, Jan. 4, 2019 /PRNewswire/ -- The China Fund, Inc. (CHN) (the "Fund") announced today the commencement of a tender offer by the Fund to purchase up to 30% of the Fund's issued and outstanding shares of common stock, par value $0.01 per share (the "Shares"), or 4,716,803 Shares in the aggregate, for cash at a price per Share equal to 99% of the Fund's net asset value per Share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires (the "Tender Offer"). The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Repurchase and related Letter of Transmittal. The Tender Offer will commence on January 4, 2019 and will expire at 11:59 p.m., New York time, on February 4, 2019, unless extended (the "Termination Date").

  • PR Newswire5 months ago

    The China Fund, Inc. Confirms Distribution

    NEW YORK, Dec. 20, 2018 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") confirms the capital gain and net investment income distributions in the estimated aggregate amount of $0.5401 per share for the 2018 year-end distributions.  The capital gain portion of the distributions is comprised of long-term capital gains estimated at $0.3712 per share.  The net investment income portion of the distributions is estimated to be $0.1689 per share. As previously announced, the distribution will be payable on January 11, 2019 to stockholders of record on December 21, 2018, with an ex-dividend date of December 20, 2018. The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") that is open to all stockholders.  If the Fund's shares trade at a premium to the net asset value of the Fund, the Plan provides stockholders with the ability to invest in the Fund at an amount less than market price per share.  If the Fund is trading at a discount, Plan participants will receive shares of the Fund valued at market price per share.  All stockholders may elect to participate in the Plan or may withdraw at any time within the limitations described in the Plan.

  • PR Newswire5 months ago

    The China Fund, Inc. Declares Distribution

    NEW YORK, Dec. 10, 2018 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") has declared capital gain and net investment income distributions in the estimated aggregate amount of $0.5401 per share.  The capital gain portion of the distributions is comprised of long-term capital gains estimated at $0.3712 per share.  The net investment income portion of the distributions is estimated to be $0.1689 per share. The actual amount of the distribution will be determined on the ex-dividend date of the distribution, at which time the Fund will make a further announcement. The distribution will be payable on January 11, 2019 to stockholders of record on December 21, 2018, with an ex-dividend date of December 20, 2018.

  • PR Newswire5 months ago

    The China Fund, Inc. Announces Approval of New Investment Manager by Stockholders

    NEW YORK , Dec. 7, 2018 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN), a closed-end investment company (the "Fund"), announced today that at a Special Meeting of its stockholders held today, ...

  • PR Newswire6 months ago

    The China Fund, Inc. Records Third Quarter Results

    NEW YORK , Nov. 16, 2018 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31 , 2018.  The Fund is a closed-end management investment ...

  • PR Newswire6 months ago

    The China Fund, Inc. Announces Selection of New Investment Manager, Timing of Commencement of One-Time Tender Offer, Adoption of Discount Management Program and Additional Board Governance Provisions

    Matthews Asia is an independent, privately owned investment management firm and the largest dedicated Asia-only investment specialist in the U.S.  Headquartered in San Francisco, Matthews Asia has focused its efforts and expertise within the Asia region, investing through a variety of market environments, since 1991.  The firm also has offices in London, Hong Kong, Shanghai and Singapore.  As of September 30, 2018, its total assets under management amounted to US$32.5 billion, including US$7 billion invested in China securities, across multiple strategies.

  • PR Newswire8 months ago

    The China Fund, Inc. Announces a Change to the Previously Announced Approval in Principle of a One-Time Tender Offer

    NEW YORK , Sept. 7, 2018 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund"), announced today that its Board has determined to make a change in the terms of its previously announced ...

  • PR Newswire9 months ago

    The China Fund, Inc. Announces New Board Governance Provisions, Status of Investment Manager Search, Approval in Principle of a One-Time Tender Offer and of a Discount Management Program

    The Board determined that its size will be reduced from seven members to five, effective no later than the date of the Fund's Annual Meeting of Stockholders to be held in March 2019.  The Board also added three Committees – Discount Management, Contract and Investment – and reconstituted two existing Committees as the Audit, Valuation and Compliance Committee and the Governance, Nomination and Compensation Committee. The purpose of changes in the Committees' structure is to permit greater focus by the Board on each topic, without additional fees accruing to Board members.  As a related aspect of these changes, Board fees have been modified to appreciably reduce fees in periods in which special meetings become necessary, as compared to the previous compensation structure.

  • PR Newswire9 months ago

    The China Fund, Inc. Announces the Withdrawal of the Stockholder Proposal to Terminate the Fund's Investment Advisory and Management Agreements

    NEW YORK, Aug. 20, 2018 /PRNewswire/ -- The China Fund, Inc. (CHN) (the "Fund") announced today that the proposal previously filed by City of London Investment Management Limited to terminate the Fund's investment advisory and management agreements with Allianz Global Investors U.S. LLC ("Termination Proposal") has been withdrawn.  This follows the Fund's announcement of July 30 that the Board of Directors has retained Mercer Investments (HK) to undertake a comprehensive search for an investment manager. The proposal was to have been considered at the Annual Meeting of the Fund's shareholders which was scheduled to be reconvened on August 29, 2018.  Since the Termination Proposal was the only item of business slated to be conducted at that meeting it will no longer be held.

  • PR Newswire10 months ago

    The China Fund, Inc. Announces the Retention of Consultant for Investment Manager Search

    NEW YORK , July 30, 2018 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") today announced that Mercer Investments (HK) will be retained to undertake a comprehensive search for an ...

  • PR Newswire11 months ago

    The China Fund, Inc. and City of London Investment Management Company Limited Announce the Mutual Agreement to Dismiss the Fund's and City of London Investment Management Company Limited's Lawsuits Related to the Fund's Annual Stockholders Meeting

    NEW YORK , June 22, 2018 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") and City of London Investment Management Company Limited ("CLIM") today jointly announced that ...

  • PR Newswirelast year

    The China Fund, Inc. Announces Election of New Directors

    NEW YORK, May 24, 2018 /PRNewswire/ -- The China Fund, Inc. (CHN) (the "Fund") announced today the results of elections of new directors at its Annual Stockholders Meeting held on May 23, 2018 ("Annual Meeting").  The proposal by City of London Investment Management Limited to terminate the Fund's investment advisory and management agreements with Allianz Global Investors U.S. LLC will be considered when the Annual Meeting is reconvened on August 29, 2018. At the Annual Meeting, the Fund's stockholders elected Julian Reid and Richard A. Silver to the Board of Directors (the "Board") for three-year terms, expiring in 2021.  Messrs.

  • City of London Director Nominees Elected by Convincing Margin at China Fund 2018 Annual Meeting
    PR Newswirelast year

    City of London Director Nominees Elected by Convincing Margin at China Fund 2018 Annual Meeting

    COATESVILLE, Pa., May 24, 2018 /PRNewswire/ -- City of London Investment Management Company Limited, which represents clients who are the beneficial owners of approximately 27.6% of the outstanding shares of common stock of The China Fund, Inc. (CHN), today announced that China Fund's stockholders elected both of City of London's highly qualified director nominees, Julian Reid and Richard A. Silver, to the China Fund Board as Class I directors at China Fund's 2018 annual meeting, based on a preliminary vote count announced at the meeting. City of London is encouraged by the overwhelming support received from stockholders for new directors Julian Reid and Richard A. Silver, who were elected by approximately a 2-to-1 margin.