Matthews China Fund

Portfolio Holdings: 6/30/2018

Security Sector Shares Value
Alibaba Group Holding, Ltd. ADR Information Technology 607,500 112,709,475
Tencent Holdings, Ltd. Information Technology 1,920,400 96,433,659
China Construction Bank Corp. H Shares Financials 45,608,660 41,733,813
Industrial & Commercial Bank of China, Ltd. H Shares Financials 53,127,000 39,624,253
Agricultural Bank of China, Ltd. H Shares Financials 83,394,000 38,922,408
AIA Group, Ltd. Financials 4,076,600 35,512,940
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 3,745,500 34,300,068
Baidu, Inc. ADR Information Technology 133,400 32,416,200
China Life Insurance Co., Ltd. H Shares Financials 10,993,000 28,202,454
China Petroleum & Chemical Corp. H Shares Energy 29,714,000 26,597,518
China National Building Material Co., Ltd. H Shares Materials 26,841,300 26,418,745
Chinasoft International, Ltd. Information Technology 31,722,000 24,665,161
Zhongsheng Group Holdings, Ltd. Consumer Discretionary 8,111,500 24,285,918
Sino Biopharmaceutical, Ltd. Health Care 14,489,000 22,127,702
China Everbright International, Ltd. Industrials 16,886,000 21,747,143
Brilliance China Automotive Holdings, Ltd. Consumer Discretionary 11,842,000 21,247,018
China Resources Land, Ltd. Real Estate 5,402,000 18,145,620
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 4,310,997 18,069,876
Yanzhou Coal Mining Co., Ltd. H Shares Energy 13,348,000 17,381,750
Wuliangye Yibin Co., Ltd. A Shares Consumer Staples 1,465,596 16,719,346
Angel Yeast Co., Ltd. A Shares Consumer Staples 3,001,487 16,090,741
MMG, Ltd. Materials 22,976,000 15,995,423
SJM Holdings, Ltd. Consumer Discretionary 11,848,000 14,694,261
Hong Kong Exchanges & Clearing, Ltd. Financials 485,600 14,532,817
CITIC Securities Co., Ltd. H Shares Financials 7,072,000 14,060,213
JD.com, Inc. ADR Consumer Discretionary 348,679 13,581,047
Midea Group Co., Ltd. A Shares Consumer Discretionary 1,688,088 13,243,154
Gree Electric Appliances, Inc. of Zhuhai A Shares Consumer Discretionary 1,857,000 13,170,499
Beijing Enterprises Water Group, Ltd. Utilities 23,426,000 12,738,219
China International Capital Corp., Ltd. H Shares Financials 6,789,600 12,036,601
Shangri-La Asia, Ltd. Consumer Discretionary 6,344,000 11,884,979
AVIC Jonhon OptronicTechnology Co., Ltd. A Shares Information Technology 1,961,652 11,510,617
Times China Holdings, Ltd. Real Estate 7,780,000 11,484,287
China Mobile, Ltd. Telecom Services 1,270,500 11,273,079
ASM Pacific Technology, Ltd. Information Technology 882,800 11,126,395
Han's Laser Technology Industry Group Co., Ltd. A Shares Industrials 1,356,596 10,841,479
Ping An Healthcare and Technology Co., Ltd. Health Care 1,690,800 10,775,467
SINA Corp. Information Technology 124,800 10,569,312
51job, Inc. ADR Industrials 107,100 10,457,244
China Jushi Co., Ltd. A Shares Materials 6,705,477 10,301,979
China Longyuan Power Group Corp., Ltd. H Shares Utilities 12,470,000 10,017,295
China Shenhua Energy Co., Ltd. H Shares Energy 4,129,000 9,766,104
KWG Property Holding, Ltd. Real Estate 7,357,000 9,189,279
YY, Inc. ADR Information Technology 84,900 8,529,903
Baozun, Inc. ADR Information Technology 149,241 8,163,483
Beijing New Building Materials PLC A Shares Industrials 2,886,000 8,034,198
Guangzhou Baiyun International Airport Co., Ltd. A Shares Industrials 3,973,322 7,819,729
China Gas Holdings, Ltd. Utilities 1,618,800 6,490,087
CIFI Holdings Group Co., Ltd. Real Estate 8,000,000 5,067,619
Zhejiang Dahua Technology Co., Ltd. A Shares Information Technology 1,345,386 4,559,022
Net Cash n.a. 16,033,922


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