Matthews China Small Companies Fund

Portfolio Holdings: 12/31/2018

This portfolio data should not be relied upon as a complete listing of this Fund's holdings, as information on a particular holding may be withheld if it is in the Fund's best interest to do so.

Security Sector Shares Value
Silergy Corp. Information Technology 326,000 4,826,834
Sunny Friend Environmental Technology Co., Ltd. Industrials 409,000 2,713,900
SITC International Holdings Co., Ltd. Industrials 2,485,000 2,342,323
Honma Golf, Ltd. Consumer Discretionary 1,881,000 2,165,467
Joy City Property, Ltd. Real Estate 19,364,000 2,099,685
TK Group Holdings, Ltd. Industrials 3,800,000 2,058,494
China Youzan, Ltd. Information Technology 25,028,000 1,855,335
SUNeVision Holdings, Ltd. Information Technology 2,920,000 1,732,682
Yihai International Holding, Ltd. Consumer Staples 689,000 1,677,110
Greentown Service Group Co., Ltd. Industrials 2,142,000 1,640,345
Kingdee International Software Group Co., Ltd. Information Technology 1,683,000 1,487,926
China Aviation Oil Singapore Corp., Ltd. Energy 1,898,200 1,479,999
Baozun, Inc. ADR Consumer Discretionary 46,700 1,364,107
China Yuhua Education Corp., Ltd. Consumer Discretionary 3,328,000 1,348,901
Sinopec Kantons Holdings, Ltd. Energy 2,930,000 1,295,621
China BlueChemical, Ltd. H Shares Materials 4,020,000 1,262,988
Precision Tsugami China Corp., Ltd. Industrials 1,384,000 1,262,122
Hua Hong Semiconductor, Ltd. Information Technology 662,000 1,224,089
CPMC Holdings, Ltd. Materials 2,488,000 1,191,705
Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd. A Shares Consumer Staples 252,924 1,088,475
Shanghai Haohai Biological Technology Co., Ltd. H Shares Health Care 201,800 1,003,699
Wise Talent Information Technology Co., Ltd. Communication Services 266,400 986,604
Times China Holdings, Ltd. Real Estate 884,000 981,112
Microport Scientific Corp. Health Care 990,000 975,003
BeiGene, Ltd. ADR Health Care 6,700 939,742
Asia Cement China Holdings Corp. Materials 1,286,500 902,131
China Meidong Auto Holdings, Ltd. Consumer Discretionary 2,082,000 788,489
China Overseas Property Holdings, Ltd. Real Estate 2,550,000 744,832
MMG, Ltd. Materials 1,732,000 744,073
Huangshan Tourism Development Co., Ltd. B Shares Consumer Discretionary 609,008 736,690
Innovent Biologics, Inc. Health Care 237,000 729,417
Dah Sing Banking Group, Ltd. Financials 386,000 681,437
Haidilao International Holding, Ltd. Consumer Discretionary 309,000 676,578
Pacific Textiles Holdings, Ltd. Consumer Discretionary 747,000 663,867
BBI Life Sciences Corp. Health Care 2,253,000 660,478
Amoy Diagnostics Co., Ltd. A Shares Health Care 109,960 657,131
GDS Holdings, Ltd. ADR Information Technology 27,000 623,430
Shanghai Putailai New Energy Technology Co., Ltd. A Shares Materials 88,400 611,958
China Maple Leaf Educational Systems, Ltd. Consumer Discretionary 1,308,000 582,450
Merry Electronics Co., Ltd. Information Technology 144,000 578,447
Chow Sang Sang Holdings International, Ltd. Consumer Discretionary 377,000 560,341
Future Bright Holdings, Ltd. Consumer Discretionary 5,202,000 502,706
C-MER Eye Care Holdings, Ltd. Health Care 766,000 489,587
SG Micro Corp. A Shares Information Technology 41,946 420,595
Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd. A Shares Consumer Staples 94,800 408,132
BeiGene, Ltd. Health Care 32,727 349,654
Shanghai Junshi Biosciences Co., Ltd. H Shares Health Care 92,000 284,324
Genscript Biotech Corp. Health Care 212,000 283,784
Zai Lab, Ltd. ADR Health Care 5,300 123,066
Merry Electronics Co., Ltd., Rights, Expires 01/15/2019 Information Technology 2,320 814
China High Precision Automation Group, Ltd. Information Technology 195,000 249
Net Cash n.a. 7,670,733


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.

Unlike the Fund’s regulatory filings, the portfolio data and its presentation in this document are not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, it differs from that in the complete statement of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete statement of investments provided in the first and third quarter SEC Form N-Q filings for each fiscal year.

You should carefully consider the investment objectives, risks, charges and expenses of the Matthews Asia Funds before making an investment decision. A prospectus with this and other information about the Funds may be obtained by visiting matthewsasia.com. Please read the prospectus carefully before investing as it explains the risks associated with investing in international and emerging markets. 

Matthews Asia Funds are distributed in the United States by Foreside Funds Distributors LLC
Matthews Asia Funds are distributed in Latin America by HMC Partners