China Fund INC Stock: price and insider trades · United States · SEC (Form 4)

About China Fund INC

The China Fund, Inc. is a U.S.-listed closed-end management investment company that was traded on the NYSE under the ticker CHN. Launched in April 1992, the fund was designed to give investors a dedicated equity exposure to China-related companies through the U.S. capital markets. For international investors, the key point is that this is not an operating industrial business but an investment vehicle organized in the United States and governed by U.S. fund rules and disclosure requirements. ([chinafundinc.com](https://www.chinafundinc.com/?utm_source=openai)) Its core investment objective was long-term capital appreciation. In practice, that meant investing primarily in equity securities of companies whose principal trading market was in the People’s Republic of China, as well as companies outside China that derived a significant portion of revenues from goods and services sold or produced in China or held substantial assets there. The fund’s mandate therefore offered investors a diversified way to access mainland China, Hong Kong, Taiwan and adjacent China-linked opportunities across multiple sectors. ([chinafundinc.com](https://www.chinafundinc.com/investor-resources/company-announcements/post/2095/the-china-fund-inc-records-third-fiscal-quarter-20242025-results.fs?utm_source=openai)) The China Fund’s portfolio approach was centered on public equities, with a bottom-up fundamental process and a China-specific lens. Like many closed-end funds, its shares could trade at a discount or premium to net asset value, which mattered for valuation and investor returns. Public materials referenced benchmark comparisons to broad China equity indices such as the MSCI China All Shares / Golden Dragon family, underscoring the fund’s role as a thematic China allocation rather than a benchmark-constrained core equity product. ([chinafundinc.com](https://www.chinafundinc.com/?utm_source=openai)) Recent developments are dominated by the liquidation process. In June 2025, the board approved a plan of liquidation and dissolution; on October 21, 2025, shareholders approved that plan; and on October 29, 2025, the fund announced liquidating distributions. As a result, CHN transitioned from a live listed closed-end fund into a wind-down vehicle distributing cash to shareholders. That is the most material recent news item and it effectively redefines the investment case, since the fund is no longer pursuing its original long-term capital appreciation strategy in normal course. ([sec.gov](https://www.sec.gov/Archives/edgar/data/845379/000139834425019492/fp0095975-1_8kixbrl.htm?utm_source=openai))