The China Fund, Inc. Declares Dividend and Capital Gain Distribution NEW YORK, Dec. 19 /PRNewswire-FirstCall/ -- The China Fund, Inc. , today announced that it has declared an annual dividend and capital gain distribution to the Fund's stockholders, totaling $1.78 per share. The total dividend and capital gain distribution per share consists $0.07 of net investment income through December 31, 2003 and realized short-term and long term capital gains of $1.04 and $0.67, respectively, through October 31, 2003. The dividend and capital gain distribution will be payable on January 15, 2004, to the stockholders of record at the close of business on December 31, 2003. Certain ordinary dividends paid by the Fund may be subject to a maximum tax rate of 15% as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003 ("the Act"). The Fund intends to designate up to the maximum amount of such dividends allowable under the Act. Complete information will be reported to shareholders in conjunction with their 2003 Form 1099-Div which will be distributed during January, 2004. The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investment in the equity securities of companies engaged in a substantial amount of business in the People's Republic of China. The China Fund, Inc. is traded on the New York Stock Exchange with the ticker symbol "CHN". The Fund's investment manager is Martin Currie Inc. The Fund's direct investment manager is Asian Direct Capital Management. For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL. CONTACT: Belinda Hernandez State Street Corporation 617-662-3800 DATASOURCE: The China Fund, Inc. CONTACT: Belinda Hernandez of State Street Corporation, +1-617-662-3800

Copyright