Matthews China Dividend Fund

Portfolio Holdings: 12/31/2018

Security Sector Shares Value
CITIC Telecom International Holdings, Ltd. Communication Services 30,357,000 10,653,184
HKBN, Ltd. Communication Services 6,669,457 10,111,174
Tencent Holdings, Ltd. Communication Services 242,300 9,711,469
China Resources Power Holdings Co., Ltd. Utilities 4,500,000 8,655,456
HSBC Holdings PLC Financials 988,800 8,158,980
China Mobile, Ltd. ADR Communication Services 169,130 8,118,240
Bank of China, Ltd. H Shares Financials 17,440,000 7,518,427
WH Group, Ltd. Consumer Staples 9,750,500 7,488,843
China Petroleum & Chemical Corp. H Shares Energy 10,234,000 7,294,898
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 2,147,111 7,171,135
Sun Art Retail Group, Ltd. Consumer Staples 6,749,000 6,863,288
Shanghai Baosight Software Co., Ltd. B Shares Information Technology 3,849,918 6,559,178
Yangzijiang Shipbuilding Holdings, Ltd. Industrials 7,038,000 6,466,812
Guangdong Provincial Expressway Development Co., Ltd. B Shares Industrials 8,336,021 6,360,287
China Jinmao Holdings Group, Ltd. Real Estate 13,624,000 6,133,758
SUNeVision Holdings, Ltd. Information Technology 10,235,000 6,073,286
Xiamen International Airport Co., Ltd. A Shares Industrials 1,948,410 6,049,094
CapitaLand Retail China Trust, REIT Real Estate 6,011,300 6,000,000
Greatview Aseptic Packaging Co., Ltd. Materials 10,610,000 5,781,062
China International Capital Corp., Ltd. H Shares Financials 3,033,600 5,680,801
Genertec Universal Medical Group Co., Ltd. Health Care 7,541,000 5,638,675
SITC International Holdings Co., Ltd. Industrials 5,940,000 5,598,952
China Overseas Property Holdings, Ltd. Real Estate 18,085,000 5,282,462
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 597,500 5,271,154
Nissin Foods Co., Ltd. Consumer Staples 11,147,000 5,118,302
China Gas Holdings, Ltd. Utilities 1,423,400 5,075,552
Nan Liu Enterprise Co., Ltd. Consumer Discretionary 993,000 5,055,931
Sunny Friend Environmental Technology Co., Ltd. Industrials 758,000 5,029,672
Café de Coral Holdings, Ltd. Consumer Discretionary 2,044,000 4,949,885
Huaxin Cement Co., Ltd. B Shares Materials 2,754,897 4,707,416
CPMC Holdings, Ltd. Materials 9,610,000 4,603,007
Hua Hong Semiconductor, Ltd. Information Technology 2,473,000 4,572,768
Chlitina Holding, Ltd. Consumer Staples 542,000 4,564,428
Sinopec Kantons Holdings, Ltd. Energy 10,032,000 4,436,063
Shanghai Mechanical and Electrical Industry Co., Ltd. B Shares Industrials 2,616,675 4,412,546
Shanghai Jin Jiang International Hotels Group Co., Ltd. H Shares Consumer Discretionary 17,454,000 4,225,105
Pacific Textiles Holdings, Ltd. Consumer Discretionary 4,597,000 4,085,401
Dah Sing Financial Holdings, Ltd. Financials 816,800 4,038,327
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. S Shares Health Care 4,698,300 3,996,844
HLA Corp., Ltd. A Shares Consumer Discretionary 2,443,388 3,024,347
China International Travel Service Corp., Ltd. A Shares Consumer Discretionary 313,954 2,757,024
China International Travel Service Corp., Ltd. A Shares Consumer Discretionary 311,284 2,732,542
Crystal International Group, Ltd. Consumer Discretionary 5,330,500 2,704,611
BBI Life Sciences Corp. Health Care 8,710,500 2,553,527
Hope Education Group Co., Ltd. Consumer Discretionary 22,788,000 2,487,237
Shanghai Haohai Biological Technology Co., Ltd. H Shares Health Care 491,400 2,444,092
China National Accord Medicines Corp., Ltd. B Shares Health Care 715,033 2,386,650
Fanhua, Inc. ADR Financials 108,200 2,374,990
HLA Corp., Ltd. A Shares Consumer Discretionary 1,699,224 2,102,449
Shanghai Bailian Group Co., Ltd. B Shares Consumer Staples 1,543,974 1,490,795
Haichang Ocean Park Holdings, Ltd. Consumer Discretionary 6,266,000 1,257,625
Postal Savings Bank of China Co., Ltd. H Shares Financials 623,000 328,118
HLA Corp., Ltd., Cnv., 0.300%, STEP, 07/12/2024 Consumer Discretionary 1,361,000 194,441
Net Cash n.a. 3,309,009


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