Company announcements

The China Fund Press Release for 1st Quarter Earnings
NEW YORK, New York, March 15, 2006

The China Fund, Inc. (NYSE: CHN) today announced its financial results for the first quarter ended January 31, 2006. The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investments in equity securities of companies engaged in a substantial amount of business in the People's Republic of China.

On December 9, 2005, the Fund announced that it had declared an annual dividend and capital gain distribution to the Fund's stockholders, totaling $2.5119 per share. The total dividend and capital gain distribution per share consisted of $0.2172 net investment income and realized long term capital gains of $2.2947. The dividend and capital gain distribution was paid on December 29, 2005, to the stockholders of record at the close of business on December 21, 2005. On January 31, 2006, the Fund's total net assets were $371,767,109 and its net asset value per share was $25.65 based on 14,496,220 shares outstanding. This represents a 22.2% increase in the Fund's net asset value of $23.25 on October 31, 2005 after taking into consideration the December distribution. The Fund's total net assets on October 31, 2005 were $334,495,574.

For the quarter ended January 31, 2006, the Fund reported a net investment gain of approximately $21,084 versus a net investment loss of approximately $148,992 or $0.01 per share for the quarter ended January 31, 2005. Net realized and unrealized gains, for the three months ended January 31, 2006, were $62,871,770, or $4.34 per share compared to net realized and unrealized gains of $24,048,611 or $2.37 per share for the first quarter of fiscal year 2005.


JANUARY 31, 2006
OCTOBER 31, 2005
JANUARY 31, 2005
Total Net Assets
$371,767,109
$334,495,574
$262,430,528
Net Asset Value
$25.65
$23.25
$25.89
Shares Outstanding
14,496,220
14,388,287
10,138,287



The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Martin Currie Inc. The Fund's direct investment manager is Asian Direct Capital Management.

For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL.



First quarter results - Mar 17, 2010
The China Fund, Inc. confirms distribution - Dec 22, 2009
Announces distribution results - Jan 20, 2009
Declares distributions - Dec 22, 2008
Confirming distribution - Dec 18, 2007
Declares distributions - Dec 7, 2007
Reconvenes Annual Meeting of Stockholders - Apr 20, 2007
1st Quarter Earnings - Mar 15, 2006
Declares Dividend and Capital Gain Distribution - Dec 9, 2005
Announces its rights offering is over-subscribed - Aug 1, 2005
Announces the commencement of its rights offering - Jun 30, 2005
Announces proposed record date for its rights offering - Jun 16, 2005
Announces intended rights offering - Mar 16, 2005
Reports first quarter results - Mar 15, 2005
Declares dividend and capital gain distribution - Dec 13, 2004
Reports third quarter results - Sep 15, 2004
Announces results of the annual meeting of stockholders - Mar 19, 2004
Reports first quarter results - Mar 15, 2004
Annual meeting of stockholders adjourned - Feb 26, 2004
Declares dividend and capital gain distribution - Dec 19, 2003
Reports third quarter results - Sep 9, 2003
Reports first quarter results - Mar 11, 2003
Reports third quarter results - Sep 13, 2002
Launches website - Apr 24, 2002
Reports first quarter results - Mar 13, 2002
Announces date of annual meeting of stockholders - Jan 11, 2002