#
# Aberdeen Greater China Fund, Inc. (NYSE: GCH)
  (EDT)
» Closed-End Fund Center

Keep up-to-date with your closed-end fund investments and world markets with Aberdeen’s range of email services.

sign up now Account Access
 

Daily Data

At close Apr 15, 2014

NAV$11.40
Market Price$9.91
Premium/(Discount)-13.07%
Unadjusted NAV**$11.36

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.

 
 

Request Information

If you require further information on any of our Closed-End Funds:

 

Email Us

investorrelations@aberdeen-asset.com
 

Telephone

1-800-522-5465

 

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.

 

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.

Download now
 
 
 

China’s Third Plenary Session

The blueprint announced after the Third Plenum was as much about continuity as change. There are reasons for caution. Change in a country as large and diverse as China will likely take place over many years. Also, the ruling party is fearful of social disruption.

Read more
 
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, what China’s new government must do to stimulate growth and rebalance the economy, and provides his assessment of the slowdown in the world’s fastest growing economy.

View Now
 

Implications of China’s cash crunch

The recent fall of the Shanghai stock market to its lowest level since 2008, coupled with reports of spiking interbank rates, have sparked fears that China is slowing abruptly and that financial meltdown might follow. How serious is this?

Read more
 

Guanxi, mianzi, and business:

The impact of culture on corporate governance in China.

Download Brochure
 

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

February 2014

  • Despite disappointing manufacturing data, the MSCI Golden Dragon Index rebounded alongside most regional equity markets in February. The Chinese central bank sold bonds, with the intent of repurchasing them in 14 days, for the first time in eight months in an effort to absorb excess liquidity in response to the recent decline in money-market rates and the intensification of shadow banking.1
  • Shares of Sinopec (which the Fund does not hold) rallied after it revealed plans to sell up to 30% of its retail business to the private sector, marking a milestone towards privatizing state-owned monopolies, following the Third Plenum's2 bold reforms.
  • In full-year 2013 results, Pacific Basin Shipping reported respectable earnings and is expecting a stronger dry bulk market this year. ASM Pacific Technology experienced a pick-up in industry sentiment and improved bookings. While net profits were dampened, revenues grew across all business segments. Retailer Giordano faced a challenging environment, owing to the negative currency impact. Nevertheless, we feel that its balance sheet remains healthy.
  • Within the financials sector, HSBC's revenues were negatively affected by the low-interest–rate environment in the fourth quarter of 2013, but better cost controls reduced the cost-to-income ratio. Insurer AIA's value of new business rose by 25% year-on-year in the fourth quarter. In our view, the company remains well-capitalized; it also raised its final fiscal-year dividend by 16%.
  • There were no major changes to the Fund in February.
  • 1A shadow banking system comprises financial intermediaries involved in facilitating the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated institutions.

    2The Third Plenum of the 18th Chinese Communist Party Congress was held in November 2013. This plenum has historically been a platform for Chinese leaders to present their long-term vision for the economy.

Download Monthly Commentary
 
Download Monthly Factsheet
 
Sign Up

To receive this, or any other monthly fund factsheet directly in your inbox, sign up for our email services.

 
Section 16 Filings
 
***** As of 12/02/2013, Fund name changed from The Greater China Fund, Inc.
 
Useful Links