Matthews China Dividend Fund

Portfolio Holdings: 3/31/2018

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
Tencent Holdings, Ltd. Information Technology 353,700 18,986,464
Altaba, Inc. Information Technology 175,400 12,986,616
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 1,188,500 12,254,241
China Petroleum & Chemical Corp. H Shares Energy 13,328,000 11,823,043
Postal Savings Bank of China Co., Ltd. H Shares Financials 16,760,000 10,630,109
Guangdong Provincial Expressway Development Co., Ltd. B Shares Industrials 10,883,457 9,529,833
WH Group, Ltd. Consumer Staples 8,892,000 9,527,653
Bank of China, Ltd. H Shares Financials 17,414,000 9,512,562
China Maple Leaf Educational Systems, Ltd. Consumer Discretionary 6,496,000 8,762,214
HKBN, Ltd. Telecom Services 7,143,457 8,440,063
Hua Hong Semiconductor, Ltd. Information Technology 4,207,000 8,425,360
HSBC Holdings PLC Financials 878,800 8,306,815
China Gas Holdings, Ltd. Utilities 2,182,600 8,001,789
Sun Art Retail Group, Ltd. Consumer Staples 6,700,500 7,841,023
Fanhua, Inc. ADR Financials 290,000 7,835,800
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares Consumer Discretionary 18,726,000 7,726,229
Shanghai International Airport Co., Ltd. A Shares Industrials 1,003,715 7,653,358
China International Capital Corp., Ltd. H Shares Financials 3,544,000 7,182,294
CITIC Telecom International Holdings, Ltd. Telecom Services 23,858,000 6,928,562
China Mobile, Ltd. ADR Telecom Services 147,230 6,735,773
Sun Hung Kai Properties, Ltd. Real Estate 420,000 6,666,648
Greatview Aseptic Packaging Co., Ltd. Materials 9,880,000 6,646,968
Midea Group Co., Ltd. A Shares Consumer Discretionary 738,611 6,579,924
NetEase, Inc. ADR Information Technology 21,900 6,140,541
Shanghai Baosight Software Co., Ltd. B Shares Information Technology 3,353,977 6,069,877
Universal Medical Financial & Technical Advisory Services Co., Ltd. Health Care 6,687,000 5,870,255
China Jinmao Holdings Group, Ltd. Real Estate 10,026,000 5,786,275
CapitaLand Retail China Trust, REIT Real Estate 4,780,800 5,766,272
Crystal International Group, Ltd. Consumer Discretionary 5,239,500 5,316,394
Shanghai Bailian Group Co., Ltd. B Shares Consumer Staples 4,026,059 5,245,576
SITC International Holdings Co., Ltd. Industrials 5,135,000 5,138,924
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares Industrials 2,403,395 5,000,530
Dah Sing Financial Holdings, Ltd. Financials 779,600 4,957,658
Xiabuxiabu Catering Management China Holdings Co., Ltd. Consumer Discretionary 2,513,000 4,793,949
Sinopec Kantons Holdings, Ltd. Energy 9,376,000 4,652,712
Shandong Weigao Group Medical Polymer Co., Ltd. H Shares Health Care 6,872,000 4,600,867
Nan Liu Enterprise Co., Ltd. Consumer Discretionary 790,000 4,339,979
Nissin Foods Co., Ltd. Consumer Staples 9,682,000 4,244,321
China International Travel Service Corp., Ltd. A Shares Consumer Discretionary 464,960 4,009,739
Guangshen Railway Co., Ltd. H Shares Industrials 6,096,000 3,629,967
China National Accord Medicines Corp., Ltd. B Shares Health Care 777,833 3,584,814
China Aviation Oil Singapore Corp., Ltd. Energy 2,828,500 3,404,978
Heilan Home Co., Ltd. A Shares Consumer Discretionary 1,809,324 3,348,719
A-Living Services Co., Ltd. H Shares Industrials 2,280,750 3,318,765
Heilan Home Co., Ltd. A Shares Consumer Discretionary 1,772,188 3,269,457
PICC Property & Casualty Co., Ltd. H Shares Financials 1,796,000 3,173,584
Huaxin Cement Co., Ltd., B Shares Materials 2,185,208 2,955,983
Taiwan FamilyMart Co., Ltd. Consumer Staples 487,000 2,851,997
BBI Life Sciences Corp. Health Care 4,899,000 2,119,673
Sporton International, Inc. Industrials 364,430 2,019,397
Guangshen Railway Co., Ltd. ADR Industrials 14,400 424,800
Shanghai Haohai Biological Technology Co., Ltd. H Shares Health Care 6,000 37,695
Net Cash n.a. 8,016,052


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