# Aberdeen Greater China Fund, Inc. (NYSE: GCH)
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Daily Data

At close Sep 22, 2014

Market Price$10.59
Unadjusted NAV**$12.00

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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Aberdeen 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.

Hugh Young

Asian Equities Fund Manager Interview

The Association of South East Asian Nations (ASEAN) region has been a major part of Aberdeen’s Asian equity portfolios for quite some time. Aberdeen’s Head of Asian Equities, Hugh Young, speaks to the equity performance of ASEAN countries and explains why he believes the ASEAN region presents compelling investment opportunities.

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2014: An important year for Asia’s four largest economies

Following the rough ride of 2013, we believe four of Asia’s biggest economies now find themselves at a cross road of economic and financial reform. In our opinion, the outcome of these reforms could be critical for both the future growth path of these countries and the global economy.

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Nicholas Yeo

Aberdeen Greater China Fund, Inc. Webcast Update

Nicholas Yeo gives an update on the Aberdeen Greater China Fund, Inc. (GCH). Nicholas speaks to recent Fund positioning, what companies he and the team hold in highest regard and what macro trends are affecting the region the most.

Nicholas Yeo

Fund Manager Interview with Nicholas Yeo

Nicholas Yeo, Aberdeen’s Director and Head of Equities – China/Hong Kong, discusses recent volatility in Chinese equity markets, the possibility of China’s economy growing at a slower pace as the focus shifts towards quality growth, and the challenge for investors is to find a way to gain access to quality companies.

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Guanxi, mianzi, and business:

The impact of culture on corporate governance in China.

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China Equities:
In search of quality companies in a complex market

Nicholas Yeo, Aberdeen's Head of China/Hong Kong Equities, explains his team's investment approach, where they are finding opportunities in the asset class and what risks he is keeping an eye on.


Important Information about the video


Fund Managers’ Monthly Report

July 2014

  • The MSCI Golden Dragon Index rose in July and outperformed the broader Asia-Pacific region. Supporting investor sentiment were better-than-expected second-quarter gross domestic product (GDP) growth data and healthy purchasing managers index (PMI) numbers. Investors were also encouraged by reforms for state-owned enterprises to improve corporate governance and efficiency.
  • In Fund-related corporate news, Yum! Brands terminated its relationship with OSI Group following news regarding the supply of poor-quality meat. Consequently, Yum! Brands’ same-store-sales have weakened—a situation that we are monitoring.
  • Most of our holdings reported healthy results for the first half of 2014. ASM Pacific Technology was buoyed by strong performance in its back-end equipment business. Management expressed optimism about the third quarter. Insurer AIA was driven by its mainland business, and we feel that the group remains well positioned to capture growth opportunities in the region.
  • Hang Lung Properties was boosted by positive rental reversions. However, the group's malls in Shanghai continued to experience sluggish growth amid the Chinese government’s anti-corruption campaign. Nevertheless, we think that the company remains financially well-positioned to open a new mall in China annually.
  • Conversely, Dairy Farm suffered from increased competition and costs, particularly in its food segment, which overshadowed its other businesses. Difficult trading conditions in Singapore and negative foreign exchange impact in Indonesia also hampered growth.
  • In July, we trimmed the holding in real estate development and management company China Vanke as its share price rallied following its listing on the Hong Kong exchange.
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Section 16 Filings
***** As of 12/02/2013, Fund name changed from The Greater China Fund, Inc.


Pursuant to valuation policies adopted by the Board of Directors of the Fund, the Fund values foreign equity securities that primarily trade in certain markets that close ahead of the Fund’s daily 4:00 pm Eastern net asset value (“NAV”) calculation time at their fair values using prices provided by third-party independent pricing services. The fair value of each such security generally is calculated by applying a valuation factor provided by the independent pricing service to the last sales price for that security, or, if, the pricing service is unable to provide a fair value for a security, at the price at the close of the exchange on which it is principally traded, subject to adjustment by the Fund’s Pricing Committee. These daily fair valuations seek to reflect information available after the local market close that may affect the value of the foreign equity securities held by the Fund. As a result, this official NAV calculation reflects adjustments that may cause it to vary from a calculation based solely on closing prices. In contrast, the “Unadjusted NAV” of the Fund (shown above) is for informational purposes only and is computed using the closing prices on the relevant exchange. It does not reflect any daily fair valuation adjustments of the Fund’s foreign securities. The Unadjusted NAV does not represent the official NAV of the Fund, nor is the Unadjusted NAV used for Fund accounting or performance purposes. Investors should not rely upon the Unadjusted NAV when making their investment decisions.