Matthews China Dividend Fund

Portfolio Holdings: 9/30/2018

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
HKBN, Ltd. Telecom Services 7,842,957 13,435,113
China Petroleum & Chemical Corp. H Shares Energy 13,106,000 13,168,247
CITIC Telecom International Holdings, Ltd. Telecom Services 32,312,000 11,008,336
Postal Savings Bank of China Co., Ltd. H Shares Financials 16,907,000 10,624,380
HSBC Holdings PLC Financials 1,146,400 10,028,451
Tencent Holdings, Ltd. Information Technology 224,800 9,178,770
Sun Art Retail Group, Ltd. Consumer Staples 6,947,000 9,012,371
China Mobile, Ltd. ADR Telecom Services 181,430 8,877,370
Guangdong Provincial Expressway Development Co., Ltd. B Shares Industrials 11,207,421 8,786,985
China Resources Power Holdings Co., Ltd. Utilities 4,518,000 7,971,091
Bank of China, Ltd. H Shares Financials 17,925,000 7,920,034
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 2,105,911 7,872,685
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 722,000 7,314,010
Xiamen International Airport Co., Ltd. A Shares Industrials 2,408,210 7,151,408
Shanghai Baosight Software Co., Ltd. B Shares Information Technology 3,849,918 7,007,952
Greatview Aseptic Packaging Co., Ltd. Materials 10,610,000 6,763,098
China International Capital Corp., Ltd. H Shares Financials 3,646,000 6,715,474
Altaba, Inc. Information Technology 97,200 6,621,264
CapitaLand Retail China Trust, REIT Real Estate 6,223,100 6,595,972
SUNeVision Holdings, Ltd. Information Technology 9,589,000 6,465,078
WH Group, Ltd. Consumer Staples 9,073,000 6,369,752
China Jinmao Holdings Group, Ltd. Real Estate 13,434,000 6,113,367
Yangzijiang Shipbuilding Holdings, Ltd. Industrials 6,640,500 6,020,182
Fanhua, Inc. ADR Financials 215,400 5,820,108
Genertec Universal Medical Group Co., Ltd. Health Care 7,541,000 5,783,397
Huaxin Cement Co., Ltd. B Shares Materials 2,966,417 5,723,274
Sunny Friend Environmental Technology Co., Ltd. Industrials 758,000 5,534,239
Dah Sing Financial Holdings, Ltd. Financials 849,600 5,435,027
Hua Hong Semiconductor, Ltd. Information Technology 2,473,000 5,301,408
Nissin Foods Co., Ltd. Consumer Staples 10,934,000 5,102,356
Nan Liu Enterprise Co., Ltd. Consumer Discretionary 965,000 4,977,811
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares Consumer Discretionary 17,454,000 4,896,944
A-Living Services Co., Ltd. H Shares Industrials 3,137,250 4,849,337
Café de Coral Holdings, Ltd. Consumer Discretionary 2,044,000 4,669,731
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares Health Care 4,583,800 4,492,193
CPMC Holdings, Ltd. Materials 11,839,000 4,470,025
Sinopec Kantons Holdings, Ltd. Energy 9,790,000 4,365,014
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares Industrials 2,456,659 4,328,098
Chlitina Holding, Ltd. Consumer Staples 542,000 4,096,990
Chongqing Brewery Co., Ltd. A Shares Consumer Staples 898,018 3,814,742
Heilan Home Co., Ltd. A Shares Consumer Discretionary 2,443,388 3,653,611
Crystal International Group, Ltd. Consumer Discretionary 5,330,500 3,495,141
SITC International Holdings Co., Ltd. Industrials 4,173,000 3,368,955
Shanghai Haohai Biological Technology Co., Ltd. H Shares Health Care 491,400 3,354,800
Hope Education Group Co., Ltd. Consumer Discretionary 20,606,000 3,342,929
China Renaissance Holdings, Ltd. Financials 1,150,000 3,305,294
China Aviation Oil Singapore Corp., Ltd. Energy 2,938,500 3,288,141
China Life Insurance Co., Ltd. H Shares Financials 1,436,000 3,263,503
Sun Hung Kai Properties, Ltd. Real Estate 216,500 3,141,892
BBI Life Sciences Corp. Health Care 8,710,500 3,136,472
China National Accord Medicines Corp., Ltd. B Shares Health Care 744,233 2,755,604
Heilan Home Co., Ltd. A Shares Consumer Discretionary 1,841,024 2,754,574
Shanghai Bailian Group Co., Ltd. B Shares Consumer Staples 2,391,840 2,575,419
China Gas Holdings, Ltd. Utilities 861,400 2,437,989
Sporton International, Inc. Industrials 368,074 1,616,731
Heilan Home Co., Ltd., 0.300%, 07/12/2024 Consumer Discretionary 1,361,000 196,833
Net Cash n.a. 8,871,759


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