Matthews China Fund

Portfolio Holdings: 9/30/2018

Security Sector Shares Value
Alibaba Group Holding, Ltd. ADR Information Technology 499,300 82,264,668
Tencent Holdings, Ltd. Information Technology 1,796,400 73,348,500
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 4,277,500 43,331,962
Agricultural Bank of China, Ltd. H Shares Financials 81,849,000 40,140,487
AIA Group, Ltd. Financials 4,478,800 39,937,104
China Construction Bank Corp. H Shares Financials 44,803,660 39,162,904
Industrial & Commercial Bank of China, Ltd. H Shares Financials 52,547,000 38,364,234
New China Life Insurance Co., Ltd. H Shares Financials 5,131,800 24,535,838
Baidu, Inc. ADR Information Technology 97,600 22,319,168
China Resources Land, Ltd. Real Estate 5,544,000 19,426,746
China National Building Material Co., Ltd. H Shares Materials 20,495,300 18,175,471
Chinasoft International, Ltd. Information Technology 26,588,000 17,715,110
Zhongsheng Group Holdings, Ltd. Consumer Discretionary 7,013,000 17,021,648
Hong Kong Exchanges & Clearing, Ltd. Financials 586,900 16,770,430
China Petroleum & Chemical Corp. H Shares Energy 16,586,000 16,664,776
Brilliance China Automotive Holdings, Ltd. Consumer Discretionary 10,210,000 16,463,339
Wuliangye Yibin Co., Ltd. A Shares Consumer Staples 1,592,379 15,726,037
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 4,173,697 15,602,845
Midea Group Co., Ltd. A Shares Consumer Discretionary 2,242,615 13,102,424
China International Capital Corp., Ltd. H Shares Financials 6,580,000 12,119,533
CITIC Securities Co., Ltd. H Shares Financials 6,397,000 11,341,338
Ping An Healthcare and Technology Co., Ltd. Health Care 1,638,600 10,894,163
China Everbright International, Ltd. Industrials 12,602,740 10,881,059
MMG, Ltd. Materials 20,332,000 10,467,224
China Jushi Co., Ltd. A Shares Materials 6,498,177 10,032,695
Angel Yeast Co., Ltd. A Shares Consumer Staples 2,309,387 9,906,171
Beijing Originwater Technology Co., Ltd. A Shares Industrials 6,574,350 9,551,540
China Mobile, Ltd. Telecom Services 959,500 9,433,653
51job, Inc. ADR Industrials 121,000 9,315,790
Shangri-La Asia, Ltd. Consumer Discretionary 6,148,000 9,099,755
Galaxy Entertainment Group, Ltd. Consumer Discretionary 1,382,000 8,730,209
JD.com, Inc. ADR Consumer Discretionary 328,679 8,575,235
CIFI Holdings Group Co., Ltd. Real Estate 18,128,000 8,301,547
Beijing Enterprises Water Group, Ltd. Utilities 15,334,000 8,174,794
SINA Corp. Information Technology 117,600 8,170,848
Kingboard Holdings, Ltd. Information Technology 2,504,000 8,151,057
Times China Holdings, Ltd. Real Estate 7,540,000 8,013,085
Momo, Inc. ADR Information Technology 179,200 7,848,960
AVIC Jonhon OptronicTechnology Co., Ltd. A Shares Information Technology 1,221,652 7,823,057
ASM Pacific Technology, Ltd. Information Technology 758,400 7,749,965
Yanzhou Coal Mining Co., Ltd. H Shares Energy 6,382,000 7,379,127
China Gas Holdings, Ltd. Utilities 2,592,200 7,336,609
China Shenhua Energy Co., Ltd. H Shares Energy 3,152,000 7,178,561
SJM Holdings, Ltd. Consumer Discretionary 7,697,000 7,091,733
Kingdee International Software Group Co., Ltd. Information Technology 5,810,000 6,306,258
YY, Inc. ADR Information Technology 80,000 5,993,600
Sino Biopharmaceutical, Ltd. Health Care 4,286,000 3,986,557
Han's Laser Technology Industry Group Co., Ltd. A Shares Industrials 646,096 3,979,642
Net Cash n.a. 4,178,084


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