Matthews China Fund

Portfolio Holdings: 3/31/2018

Security Sector Shares Value
Alibaba Group Holding, Ltd. ADR Information Technology 608,600 111,702,444
Tencent Holdings, Ltd. Information Technology 1,338,500 71,850,104
Agricultural Bank of China, Ltd. H Shares Financials 93,288,000 53,570,026
Industrial & Commercial Bank of China, Ltd. H Shares Financials 59,218,000 51,607,659
China Construction Bank Corp. H Shares Financials 49,113,660 51,299,420
China Life Insurance Co., Ltd. H Shares Financials 17,224,000 48,154,706
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 4,020,000 41,448,925
Sino Biopharmaceutical, Ltd. Health Care 18,802,000 37,366,946
Chinasoft International, Ltd. Information Technology 35,478,000 32,092,777
China Mobile, Ltd. Telecom Services 3,056,000 28,009,447
China Petroleum & Chemical Corp. H Shares Energy 30,598,000 27,142,968
China Everbright International, Ltd. Industrials 15,923,000 22,482,932
CITIC Securities Co., Ltd. H Shares Financials 9,459,000 21,922,888
China National Materials Co., Ltd. H Shares Materials 23,858,000 21,920,705
AIA Group, Ltd. Financials 2,501,600 21,385,374
Zhongsheng Group Holdings, Ltd. Consumer Discretionary 7,781,500 21,377,804
Baidu, Inc. ADR Information Technology 91,000 20,310,290
SINA Corp. Information Technology 186,900 19,488,063
Yanzhou Coal Mining Co., Ltd. H Shares Energy 14,718,000 19,021,401
China Gas Holdings, Ltd. Utilities 5,016,200 18,390,257
China Resources Land, Ltd. Real Estate 4,848,000 17,814,755
ASM Pacific Technology, Ltd. Information Technology 1,222,800 17,227,217
51job, Inc. ADR Industrials 193,500 16,648,740
ZTE Corp. H Shares Information Technology 4,725,000 15,559,551
Wuliangye Yibin Co., Ltd. A Shares Consumer Staples 1,379,195 14,988,088
Hong Kong Exchanges & Clearing, Ltd. Financials 444,400 14,637,227
Angel Yeast Co., Ltd. A Shares Consumer Staples 2,788,127 14,255,899
JD.com, Inc. ADR Consumer Discretionary 348,279 14,101,817
Gree Electric Appliances, Inc. of Zhuhai A Shares Consumer Discretionary 1,857,000 13,972,435
China International Capital Corp., Ltd. H Shares Financials 6,789,600 13,759,849
MMG, Ltd. Materials 21,460,000 13,309,269
AVIC Jonhon OptronicTechnology Co., Ltd. A Shares Information Technology 1,961,652 12,826,309
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 2,726,132 12,231,903
Times Property Holdings, Ltd. Real Estate 7,780,000 12,006,240
Zhejiang Dahua Technology Co., Ltd. A Shares Information Technology 2,907,161 11,905,403
Han's Laser Technology Industry Group Co., Ltd. A Shares Industrials 1,356,596 11,550,808
Midea Group Co., Ltd. A Shares Consumer Discretionary 1,274,254 11,351,706
Beijing Enterprises Water Group, Ltd. Utilities 19,538,000 10,992,910
Shangri-La Asia, Ltd. Consumer Discretionary 5,298,000 10,757,362
Hangzhou Hikvision Digital Technology Co., Ltd. A Shares Information Technology 1,565,400 10,422,351
Minth Group, Ltd. Consumer Discretionary 2,266,000 10,396,627
China Shenhua Energy Co., Ltd. H Shares Energy 4,129,000 10,362,676
KWG Property Holding, Ltd. Real Estate 7,357,000 10,226,189
Huayu Automotive Systems Co., Ltd. A Shares Consumer Discretionary 2,474,950 9,397,961
CIFI Holdings Group Co., Ltd. Real Estate 9,944,000 8,784,940
Baozun, Inc. ADR Information Technology 149,241 6,847,177
China National Building Material Co., Ltd. H Shares Materials 5,482,000 6,031,715
Net Cash n.a. 2,604,726


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