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The Greater China Fund, Inc. (NYSE: GCH)
- (EDT)
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At close May 16, 2013
| NAV | $13.75 |
| Price | $12.32 |
| Premium/(Discount) | -10.40% |
The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.
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The Greater China Fund, Inc. (NYSE: GCH)
Investment Objective
The Fund’s investment objective is to seek long-term capital appreciation through investment in listed equity securities of China companies that (i) are organized under the laws of, and have their principal place of business in, China and/or Hong Kong and/or Taiwan; or (ii) during their most recent fiscal year derived at least 50% of their revenues or profits from goods produced or sold, investments made or services performed in China and/or Hong Kong and/or Taiwan or have at least 50% of their assets in China and/or Hong Kong and/or Taiwan.
For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab.
Guanxi, mianzi, and business:
The impact of culture on corporate governance in China.
Download Brochure
Aberdeen Chinese Equities Portfolio Manager Interview
Nicholas Yeo, Aberdeen’s Director & Head of Equities – China/Hong Kong, discusses recent economic developments in China, including signs that the slowdown is reaching a bottom, and Aberdeen’s strategies to take advantage of Chinese growth.
Download interviewAberdeen Insights: Views from the Front Lines of Asia
On Dec. 6, Hugh Young, Aberdeen’s Managing Director and Head of Equities, and Anthony Michaels, Aberdeen’s Head of Fixed Income Asia-Pacific, gathered in Aberdeen’s New York office to discuss their views on opportunities in the Asia region.
Fund Managers’ Monthly Report
March 2013
- The MSCI Golden Dragon Index fell in February in a holiday-shortened month and was among the main laggards in the Asia-Pacific region. Increased policy risks from non-bank credit growth and property measures led to profit-taking.
- China’s manufacturing activity expanded at a slower pace in February from the previous month.
- In Fund-related news, PetroChina acquired a 20% stake in a ConocoPhillips project and a 29% stake in the Goldwyer shale project in Australia, which should lift reserves and boost the company’s expertise in unconventional energy. China Resources Enterprise bought seven breweries from Kingway for 5.4 billion yuan (roughly US$868 million), which will augment its domestic market share. Oil company CNOOC received regulatory approval for both its acquisition of Nexen, as well as the resumption of operations at its Penglai oilfield, which should boost output.
- In February, we continued to make various transactions to align the fund with the portfolio construction model. Read more
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