Matthews China Fund

Matthews Asia Funds
Portfolio Holdings: 31 December 2018

Security Sector Shares Value
Alibaba Group Holding, Ltd. ADR Consumer Discretionary 9,800 1,383,276
Tencent Holdings, Ltd. Communication Services 33,900 1,361,339
Ping An Insurance Group Co. of China, Ltd. H Shares Financials 86,500 763,386
Industrial & Commercial Bank of China, Ltd. H Shares Financials 978,000 697,376
China Construction Bank Corp. H Shares Financials 840,340 692,668
Agricultural Bank of China, Ltd. H Shares Financials 1,570,000 687,828
New China Life Insurance Co., Ltd. H Shares Financials 145,800 578,483
AIA Group, Ltd. Financials 43,800 364,093
China Resources Land, Ltd. Real Estate 94,000 361,671
Hong Kong Exchanges & Clearing, Ltd. Financials 11,900 344,467
CIFI Holdings Group Co., Ltd. Real Estate 610,000 323,865
Galaxy Entertainment Group, Ltd. Consumer Discretionary 48,000 305,055
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares Consumer Staples 90,620 303,637
Wuliangye Yibin Co., Ltd. A Shares Consumer Staples 40,800 303,577
Zhongsheng Group Holdings, Ltd. Consumer Discretionary 148,000 293,837
Chinasoft International, Ltd. Information Technology 574,000 285,396
Brilliance China Automotive Holdings, Ltd. Consumer Discretionary 376,000 280,512
China International Capital Corp., Ltd. H Shares Financials 146,800 275,565
Midea Group Co., Ltd. A Shares Consumer Discretionary 47,400 255,580
China National Building Material Co., Ltd. H Shares Materials 370,250 253,526
Shangri-La Asia, Ltd. Consumer Discretionary 170,000 251,235
China International Travel Service Corp., Ltd. A Shares Consumer Discretionary 28,300 249,372
China Everbright International, Ltd. Industrials 273,333 245,171
YY, Inc. ADR Communication Services 3,200 196,647
Times China Holdings, Ltd. Real Estate 177,000 196,368
51job, Inc. ADR Industrials 3,100 193,143
Autohome, Inc. ADR Communication Services 2,300 185,600
SINA Corp. Communication Services 3,300 182,207
China Jushi Co., Ltd. A Shares Materials 127,543 180,455
MMG, Ltd. Materials 388,000 166,949
Ping An Healthcare and Technology Co., Ltd. Health Care 46,800 164,980
JD.com, Inc. ADR Consumer Discretionary 6,800 149,763
Baidu, Inc. ADR Communication Services 900 147,866
Sino Biopharmaceutical, Ltd. Health Care 223,500 147,363
Kingboard Holdings, Ltd. Information Technology 55,000 146,646
China Shenhua Energy Co., Ltd. H Shares Energy 66,500 145,408
58.com, Inc. ADR Communication Services 2,600 143,457
ASM Pacific Technology, Ltd. Information Technology 14,800 142,722
CITIC Securities Co., Ltd. H Shares Financials 80,000 138,048
Beijing Enterprises Water Group, Ltd. Utilities 264,000 134,391
Wanhua Chemical Group Co., Ltd. A Shares Materials 32,600 133,529
China Petroleum & Chemical Corp. H Shares Energy 180,000 128,379
Momo, Inc. ADR Communication Services 3,400 84,263
Net Cash 53,640 53,640



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 hk.matthewsasia.com.  Please read the Hong Kong Offering Documents carefully for further details including risk factors before investing.