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Press release from PR Newswire

The China Fund, Inc. Reports Third Quarter Results

Monday, September 13, 2010

The China Fund, Inc. Reports Third Quarter Results11:44 EDT Monday, September 13, 2010NEW YORK, Sept. 13 /PRNewswire-FirstCall/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for the third quarter ended July 31, 2010.  The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investments in equity securities of companies engaged in a substantial amount of business in the People's Republic of China, including Hong Kong. For the nine months ended July 31, 2010, the Fund reported a net investment income of approximately $3,391,689 versus a net investment income of approximately $1,773,112 for the nine months ended July 31, 2009.  The net realized and unrealized gain for the nine months ended July 31, 2010 was $86,264,489 or $3.79 per share compared to net realized and unrealized gain of $200,868,330 or $8.82 per share for the nine months ended July 31, 2009.  The Fund's total net assets on July 31, 2010 were $704,297,866 and its net asset value per share was $30.91, based on 22,781,762 shares outstanding. After taking into consideration the net investment income dividend distribution of $0.2557 per share paid on December 29, 2009, the Fund's total return for the nine months ended July 31, 2010 was 14.81%. July 31, 2010October 31, 2009July 31, 2009Total Net Assets$704,297,866$620,466,995$565,300,812Net Asset Value$30.91$27.24$24.81Shares Outstanding22,781,76222,781,76222,781,762The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN".  The Fund's investment manager is Martin Currie Inc.  For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL or visit the Fund's website at www.chinafundinc.com.CONTACT:Warren AntlerThe Altman Group 212-400-2605wantler@altmangroup.comSOURCE The China Fund, Inc.For further information: Warren Antler, The Altman Group, +1-212-400-2605, wantler@altmangroup.com