Matthews China Fund

Matthews Asia Funds
Portfolio Holdings: 31 March 2018

Security Sector Shares Value
Alibaba Group Holding, Ltd. ADR Information Technology 10,700 1,928,518
China Construction Bank Corp. H Shares Financials 1,456,340 1,497,228
Tencent Holdings, Ltd. Information Technology 26,200 1,369,421
Agricultural Bank of China, Ltd. H Shares Financials 1,833,000 1,042,485
Industrial & Commercial Bank of China, Ltd. H Shares Financials 1,207,000 1,036,311
China Life Insurance Co., Ltd. H Shares Financials 335,000 923,095
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 78,500 799,199
Sino Biopharmaceutical, Ltd. Health Care 376,000 737,804
Chinasoft International, Ltd. Information Technology 626,000 561,845
China Mobile, Ltd. Telecom Services 59,500 545,916
China Petroleum & Chemical Corp. H Shares Energy 596,000 523,237
Zhongsheng Group Holdings, Ltd. Consumer Discretionary 176,500 482,397
China National Materials Co., Ltd. H Shares Materials 485,000 443,005
AIA Group, Ltd. Financials 51,800 438,259
China Everbright International, Ltd. Industrials 312,000 437,756
CITIC Securities Co., Ltd. H Shares Financials 186,500 427,203
Baidu, Inc. ADR Information Technology 1,800 404,744
SINA Corp. Information Technology 3,900 392,371
Yanzhou Coal Mining Co., Ltd. H Shares Energy 286,000 364,754
China Resources Land, Ltd. Real Estate 96,000 349,565
China Gas Holdings, Ltd. Utilities 94,400 343,665
ASM Pacific Technology, Ltd. Information Technology 23,700 331,290
ZTE Corp. H Shares Information Technology 96,600 314,792
Wuliangye Yibin Co., Ltd. A Shares Consumer Staples 27,300 293,954
Hong Kong Exchanges & Clearing, Ltd. Financials 9,000 292,983
51job, Inc. ADR Industrials 3,400 292,440, Inc. ADR Consumer Discretionary 7,200 290,127
Angel Yeast Co., Ltd. A Shares Consumer Staples 55,517 282,207
Gree Electric Appliances, Inc. of Zhuhai A Shares Consumer Discretionary 36,500 273,306
China International Capital Corp., Ltd. H Shares Financials 136,000 272,943
MMG, Ltd. Materials 428,000 261,533
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 53,074 236,804
Times Property Holdings, Ltd. Real Estate 151,000 231,079
Midea Group Co., Ltd. A Shares Consumer Discretionary 25,100 221,341
Beijing Enterprises Water Group, Ltd. Utilities 384,000 214,461
Baozun, Inc. ADR Information Technology 4,800 212,249
Shangri-La Asia, Ltd. Consumer Discretionary 104,000 209,563
Minth Group, Ltd. Consumer Discretionary 44,000 200,662
KWG Property Holding, Ltd. Real Estate 146,000 199,300
China Shenhua Energy Co., Ltd. H Shares Energy 80,000 199,010
CIFI Holdings Group Co., Ltd. Real Estate 196,000 171,233
China National Building Material Co., Ltd. H Shares Materials 104,000 112,903
Net Cash 479,451 479,451

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.

Investors should ascertain from their professional advisers the consequences of investing in the Fund under the relevant laws of the jurisdictions to which they are subject, including the tax consequences and any exchange control requirement. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before making an investment decision. The current prospectus, Supplement for Hong Kong investors, Product Key Facts Statements or other offering documents (“Hong Kong Offering Document”) contain this and other information and can be obtained by visiting  Please read the Hong Kong Offering Documents carefully for further details including risk factors before investing.