Matthews China Fund

Portfolio Holdings: 12/31/2018

Security Sector Shares Value
Tencent Holdings, Ltd. Communication Services 1,615,000 64,729,766
Alibaba Group Holding, Ltd. ADR Consumer Discretionary 460,600 63,134,442
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 4,050,000 35,729,164
Agricultural Bank of China, Ltd. H Shares Financials 68,425,000 29,969,923
China Construction Bank Corp. H Shares Financials 36,592,660 29,964,021
Industrial & Commercial Bank of China, Ltd. H Shares Financials 42,102,000 29,945,466
New China Life Insurance Co., Ltd. H Shares Financials 6,627,800 26,298,751
China Resources Land, Ltd. Real Estate 4,248,000 16,340,666
AIA Group, Ltd. Financials 1,903,400 15,811,190
CIFI Holdings Group Co., Ltd. Real Estate 27,816,000 14,744,277
Hong Kong Exchanges & Clearing, Ltd. Financials 486,700 14,069,798
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 3,921,197 13,096,403
Wuliangye Yibin Co., Ltd. A Shares Consumer Staples 1,724,879 12,821,808
Galaxy Entertainment Group, Ltd. Consumer Discretionary 1,968,000 12,431,173
Midea Group Co., Ltd. A Shares Consumer Discretionary 2,242,615 12,108,220
China International Travel Service Corp., Ltd. A Shares Consumer Discretionary 1,366,478 11,995,343
China National Building Material Co., Ltd. H Shares Materials 17,281,300 11,824,909
China International Capital Corp., Ltd. H Shares Financials 6,168,400 11,551,113
Shangri-La Asia, Ltd. Consumer Discretionary 7,706,000 11,376,089
Zhongsheng Group Holdings, Ltd. Consumer Discretionary 5,533,000 10,972,671
Chinasoft International, Ltd. Information Technology 20,048,000 9,981,623
Brilliance China Automotive Holdings, Ltd. Consumer Discretionary 12,718,000 9,465,897
China Jushi Co., Ltd. A Shares Materials 6,498,177 9,184,725
Times China Holdings, Ltd. Real Estate 8,233,000 9,137,441
China Everbright International, Ltd. Industrials 9,750,740 8,737,913
51job, Inc. ADR Industrials 132,500 8,273,300
SINA Corp. Communication Services 143,400 7,691,976
MMG, Ltd. Materials 17,436,000 7,490,559
JD.com, Inc. ADR Consumer Discretionary 328,679 6,879,251
58.com, Inc. ADR Communication Services 125,700 6,814,197
Sino Biopharmaceutical, Ltd. Health Care 10,110,000 6,655,297
CITIC Securities Co., Ltd. H Shares Financials 3,863,500 6,655,064
ASM Pacific Technology, Ltd. Information Technology 666,900 6,438,377
Ping An Healthcare and Technology Co., Ltd. Health Care 1,784,500 6,274,122
Baidu, Inc. ADR Communication Services 39,000 6,185,400
China Shenhua Energy Co., Ltd. H Shares Energy 2,835,500 6,184,069
YY, Inc. ADR Communication Services 102,600 6,141,636
AVIC Jonhon OptronicTechnology Co., Ltd. A Shares Information Technology 1,221,652 6,010,150
Wanhua Chemical Group Co., Ltd. A Shares Materials 1,465,700 5,985,883
China Petroleum & Chemical Corp. H Shares Energy 8,036,000 5,728,141
Kingboard Holdings, Ltd. Information Technology 2,117,000 5,647,614
Beijing Enterprises Water Group, Ltd. Utilities 9,994,000 5,101,191
Momo, Inc. ADR Communication Services 163,200 3,876,000
iQIYI, Inc. ADR Communication Services 175,800 2,614,146
Net Cash n.a. 1,043,546


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