Matthews China Dividend Fund

Portfolio Holdings: 30 June 2018

Security Sector Shares Value
Tencent Holdings, Ltd. Information Technology 13,000 650,832
HKBN, Ltd. Telecom Services 332,758 512,317
China Petroleum & Chemical Corp. H Shares Energy 546,000 486,535
Postal Savings Bank of China Co., Ltd. H Shares Financials 709,000 462,141
HSBC Holdings PLC Financials 47,200 442,152
Altaba, Inc. Information Technology 5,600 418,164
Guangdong Provincial Expressway Development Co., Ltd. B Shares Industrials 476,999 377,055
Hua Hong Semiconductor, Ltd. Information Technology 110,000 376,901
Sun Art Retail Group, Ltd. Consumer Staples 284,000 371,372
Bank of China, Ltd. H Shares Financials 740,000 365,798
China Mobile, Ltd. ADR Telecom Services 7,400 330,574
China Resources Power Holdings Co., Ltd. Utilities 186,000 326,896
Heilan Home Co., Ltd. A Shares Consumer Discretionary 160,600 308,514
Shanghai Baosight Software Co., Ltd. B Shares Information Technology 159,416 302,093
WH Group, Ltd. Consumer Staples 371,500 301,130
NetEase, Inc. ADR Information Technology 1,200 297,117
CITIC Telecom International Holdings, Ltd. Telecom Services 1,096,000 287,754
CNOOC, Ltd. Energy 166,000 286,339
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares Consumer Discretionary 706,000 285,420
CapitaLand Retail China Trust, REIT Real Estate 255,240 284,115
Xiamen International Airport Co., Ltd. A Shares Industrials 87,500 272,372
Sun Hung Kai Properties, Ltd. Real Estate 18,000 271,225
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 29,500 270,718
China International Capital Corp., Ltd. H Shares Financials 148,400 264,261
Nissin Foods Co., Ltd. Consumer Staples 447,000 260,356
Greatview Aseptic Packaging Co., Ltd. Materials 433,000 258,272
Universal Medical Financial & Technical Advisory Services Co., Ltd. Health Care 313,000 249,051
Fanhua, Inc. ADR Financials 8,600 242,242
A-Living Services Co., Ltd. H Shares Industrials 123,250 225,886
China Maple Leaf Educational Systems, Ltd. Consumer Discretionary 124,000 223,468
Sunny Friend Environmental Technology Co., Ltd. Industrials 31,000 218,558
SUNeVision Holdings, Ltd. Information Technology 360,000 213,220
China Gas Holdings, Ltd. Utilities 53,000 213,117
Nan Liu Enterprise Co., Ltd. Consumer Discretionary 37,000 209,948
Dah Sing Financial Holdings, Ltd. Financials 35,200 205,471
Chlitina Holding, Ltd. Consumer Staples 21,000 204,457
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares Health Care 187,700 196,554
CPMC Holdings, Ltd. Materials 315,000 194,229
SITC International Holdings Co., Ltd. Industrials 172,000 191,814
Sinopec Kantons Holdings, Ltd. Energy 400,000 189,137
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares Industrials 100,400 184,112
Shanghai Bailian Group Co., Ltd. B Shares Consumer Staples 158,857 181,904
Xiabuxiabu Catering Management China Holdings Co., Ltd. Consumer Discretionary 81,500 178,038
Chongqing Brewery Co., Ltd. A Shares Consumer Staples 36,561 152,679
Crystal International Group, Ltd. Consumer Discretionary 218,500 152,329
Guangshen Railway Co., Ltd. H Shares Industrials 254,000 143,087
China Aviation Oil Singapore Corp., Ltd. Energy 121,500 131,532
China National Accord Medicines Corp., Ltd. B Shares Health Care 32,254 129,365
Shanghai Haohai Biological Technology Co., Ltd. H Shares Health Care 20,000 125,029
BBI Life Sciences Corp. Health Care 297,000 118,787
Huifu Payment, Ltd. Information Technology 112,800 97,616
Sporton International, Inc. Industrials 15,150 73,542
Wise Talent Information Technology Co., Ltd. Information Technology 14,600 60,476
Guangshen Railway Co., Ltd. ADR Industrials 600 16,574
Net Cash 625,714 625,714


The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or a recommendation to buy or sell securities or other investments.

Portfolio holdings are subject to change without notice and may not represent current or future portfolio composition.

Investors should ascertain from their professional advisers the consequences of investing in the Fund under the relevant laws of the jurisdictions to which they are subject, including the tax consequences and any exchange control requirement. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before making an investment decision. The current prospectus contains this and other information. Applications for shares may only be made on the Fund’s most recent prospectus which is available at global.matthewsasia.com. Please read the prospectus carefully before investing.