Matthews China Dividend Fund

Portfolio Holdings: 30 September 2018

Security Sector Shares Value
HKBN, Ltd. Telecom Services 350,258 600,683
China Petroleum & Chemical Corp. H Shares Energy 594,000 595,123
CITIC Telecom International Holdings, Ltd. Telecom Services 1,463,000 499,183
Postal Savings Bank of China Co., Ltd. H Shares Financials 765,000 482,293
HSBC Holdings PLC Financials 52,000 459,497
Tencent Holdings, Ltd. Information Technology 10,200 420,938
Sun Art Retail Group, Ltd. Consumer Staples 312,000 405,687
Guangdong Provincial Expressway Development Co., Ltd. B Shares Industrials 478,999 375,880
China Mobile, Ltd. ADR Telecom Services 7,800 374,332
Bank of China, Ltd. H Shares Financials 813,000 361,175
China Resources Power Holdings Co., Ltd. Utilities 204,000 360,452
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 95,157 355,038
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 32,500 329,781
Xiamen International Airport Co., Ltd. A Shares Industrials 108,900 323,259
Shanghai Baosight Software Co., Ltd. B Shares Information Technology 174,650 317,735
CapitaLand Retail China Trust, REIT Real Estate 282,140 298,986
Greatview Aseptic Packaging Co., Ltd. Materials 461,000 293,972
SUNeVision Holdings, Ltd. Information Technology 434,000 292,289
China International Capital Corp., Ltd. H Shares Financials 156,800 289,482
WH Group, Ltd. Consumer Staples 412,000 289,320
Altaba, Inc. Information Technology 4,200 287,100
Heilan Home Co., Ltd. A Shares Consumer Discretionary 186,300 278,430
China Jinmao HoldingsĀ Group, Ltd. Real Estate 608,000 276,473
Yangzijiang Shipbuilding Holdings, Ltd. Industrials 301,200 272,569
Fanhua, Inc. ADR Financials 9,200 264,845
Genertec Universal Medical Group Co., Ltd. Health Care 341,500 262,044
Huaxin Cement Co., Ltd. B Shares Materials 134,400 259,160
Dah Sing Financial Holdings, Ltd. Financials 38,400 245,864
Sunny Friend Environmental Technology Co., Ltd. Industrials 33,000 240,795
Hua Hong Semiconductor, Ltd. Information Technology 108,000 232,313
Nissin Foods Co., Ltd. Consumer Staples 495,000 231,521
Nan Liu Enterprise Co., Ltd. Consumer Discretionary 44,000 226,968
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares Consumer Discretionary 790,000 221,825
A-Living Services Co., Ltd. H Shares Industrials 141,750 219,786
Cafe de Coral Holdings, Ltd. Consumer Discretionary 92,000 210,448
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares Health Care 207,800 203,644
Sinopec Kantons Holdings, Ltd. Energy 444,000 197,850
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares Industrials 111,400 196,166
CPMC Holdings, Ltd. Materials 504,000 190,384
Chlitina Holding, Ltd. Consumer Staples 25,000 188,716
Chongqing Brewery Co., Ltd. A Shares Consumer Staples 36,561 155,211
Shanghai Haohai Biological Technology Co., Ltd. H Shares Health Care 22,200 151,637
Hope Education Group Co., Ltd. Consumer Discretionary 922,000 149,637
Crystal International Group, Ltd. Consumer Discretionary 227,000 149,105
China Renaissance Holdings, Ltd. Financials 50,000 143,766
China Life Insurance Co., Ltd. H Shares Financials 63,000 142,999
SITC International Holdings Co., Ltd. Industrials 172,000 138,915
Sun Hung Kai Properties, Ltd. Real Estate 9,500 138,335
BBI Life Sciences Corp. Health Care 384,000 138,191
China Aviation Oil Singapore Corp., Ltd. Energy 121,500 135,727
China National Accord Medicines Corp., Ltd. B Shares Health Care 32,254 119,674
Shanghai Bailian Group Co., Ltd. B Shares Consumer Staples 96,957 104,424
China Gas Holdings, Ltd. Utilities 36,800 104,077
Sporton International, Inc. Industrials 15,301 67,151
Heilan Home Co., Ltd., 0.300%, 07/12/2024 Consumer Discretionary 110,000 15,909
Net Cash 478,984 478,984

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 Please read the prospectus carefully before investing.