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Stock impact report

The China Fund, Inc. Records First Quarter Results

China Fund, Inc. (The) (CHN) 
Company Research Source: PR Newswire
NEW YORK, March 13, 2020 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31, 2020.  The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People's Republic of China ("China"), or (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China. Whilst the Fund is permitted to invest in direct equity investments of companies organized in China, it presently holds no such investments.For the quarter ended January 31, 2020, the Fund recorded net investment loss of $644,789, or $0.06 Show less Read more
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