The China Fund, Inc. Records First Quarter Results

The China Fund, Inc. Records First Quarter Results

NEW YORK, New York, March 19, 2015 --- The China Fund, Inc. (NYSE: CHN) today announced its financial results for the first quarter ended January 31, 2015. The Fund is a closed-end management investment company with the investment objective of long-term capital appreciation which it seeks to achieve by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People’s Republic of China (“China”), (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China and (iii) constituting direct equity investments in companies organized in China.

On January 31, 2015, the Fund’s total net assets were $329,335,702 and its net asset value per share was $21.00 based on 15,682,029 shares outstanding. After taking into consideration the distribution of $3.7651 per share made in December 2014, the Fund’s total return for the quarter ended January 31, 2015 was 4.25%.

For the quarter ended January 31, 2015, the Fund recorded a net investment loss of approximately $692,677 or $0.04 per share versus a net investment loss of approximately $6,797 or $0.00 per share for the quarter ended January 31, 2014. Net realized and unrealized gains, for the three months ended January 31, 2015 were $9,380,765 or $0.60 per share compared to net realized and unrealized loss of $4,159,746 or $0.27 per share for the first quarter of fiscal year 2014.

The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN".

For further information regarding the Fund and the Fund’s holdings, please call (888)-CHN-CALL or visit the Fund’s website at www.chinafundinc.com.