Matthews China Dividend Fund

Portfolio Holdings: 31 December 2018

Security Sector Shares Value
CITIC Telecom International Holdings, Ltd. Communication Services 1,500,000 526,974
HKBN, Ltd. Communication Services 331,258 502,480
Tencent Holdings, Ltd. Communication Services 12,000 481,890
China Resources Power Holdings Co., Ltd. Utilities 222,000 426,341
HSBC Holdings PLC Financials 48,800 403,374
China Mobile, Ltd. ADR Communication Services 8,400 401,017
Bank of China, Ltd. H Shares Financials 861,000 371,547
WH Group, Ltd. Consumer Staples 481,500 370,492
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 105,957 355,027
China Petroleum & Chemical Corp. H Shares Energy 486,000 346,624
Sun Art Retail Group, Ltd. Consumer Staples 333,500 340,033
Yangzijiang Shipbuilding Holdings, Ltd. Industrials 347,500 319,409
Shanghai Baosight Software Co., Ltd. B Shares Information Technology 182,850 311,899
Guangdong Provincial Expressway Development Co., Ltd. B Shares Industrials 388,199 296,381
China Jinmao Holdings Group, Ltd. Real Estate 646,000 290,603
SUNeVision Holdings, Ltd. Information Technology 488,000 288,951
Xiamen International Airport Co., Ltd. A Shares Industrials 92,500 287,564
CapitaLand Retail China Trust, REIT Real Estate 284,740 284,578
China International Travel Service Corp., Ltd. A Shares Consumer Discretionary 31,000 273,496
SITC International Holdings Co., Ltd. Industrials 290,000 273,269
Greatview Aseptic Packaging Co., Ltd. Materials 503,000 272,956
China International Capital Corp., Ltd. H Shares Financials 144,400 271,060
Genertec Universal Medical Group Co., Ltd. Health Care 351,000 262,548
China Overseas Property Holdings, Ltd. Real Estate 895,000 261,915
Nissin Foods Co., Ltd. Consumer Staples 550,000 252,561
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 28,500 251,520
China Gas Holdings, Ltd. Utilities 70,200 250,322
Nan Liu Enterprise Co., Ltd. Consumer Discretionary 49,000 250,221
Cafe de Coral Holdings, Ltd. Consumer Discretionary 100,000 242,605
Sunny Friend Environmental Technology Co., Ltd. Industrials 36,000 239,437
HLA Corp., Ltd. A Shares Consumer Discretionary 186,300 230,842
CPMC Holdings, Ltd. Materials 473,000 227,115
Huaxin Cement Co., Ltd. B Shares Materials 130,900 224,205
Chlitina Holding, Ltd. Consumer Staples 26,000 218,681
Hua Hong Semiconductor, Ltd. Information Technology 118,000 218,551
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares Industrials 129,300 218,249
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares Consumer Discretionary 860,000 208,753
Sinopec Kantons Holdings, Ltd. Energy 470,000 208,342
Pacific Textiles Holdings, Ltd. Consumer Discretionary 226,000 200,841
Dah Sing Financial Holdings, Ltd. Financials 40,400 199,665
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares Health Care 232,200 197,175
Crystal International Group, Ltd. Consumer Discretionary 255,500 129,514
Hope Education Group Co., Ltd. Consumer Discretionary 1,118,000 121,338
BBI Life Sciences Corp. Health Care 409,500 120,259
Fanhua, Inc. ADR Financials 5,100 116,512
Shanghai Haohai Biological Technology Co., Ltd. H Shares Health Care 23,300 116,324
China National Accord Medicines Corp., Ltd. B Shares Health Care 32,254 107,956
Postal Savings Bank of China Co., Ltd. H Shares Financials 152,000 80,126
Haichang Ocean Park Holdings, Ltd. Consumer Discretionary 324,000 64,988
Shanghai Bailian Group Co., Ltd. B Shares Consumer Staples 24,357 23,579
HLA Corp., Ltd., Cnv., 0.300%, STEP, 07/12/2024 Consumer Discretionary 110,000 15,715
Net Cash 415,897 415,897

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.