NEW YORK, March 15, 2013 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund"), announced today that the Fund's Board of Directors has voted to discontinue the operation of the Fund's Discount Management Program. Effective at the close of business on March 15, 2013, the Fund will cease repurchases of its common shares pursuant to the Discount Management Program.
The Fund is a closed-end management investment company with the investment objective of long-term capital appreciation which it seeks to achieve by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People's Republic of China ("China"), (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China and (iii) constituting direct equity investments in companies organized in China. The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN".
For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL or visit the Fund's website at www.chinafundinc.com.
SOURCE The China Fund, Inc.