<PAGE> PAGE 1
000 B000000 10/31/1999
000 C000000 0000845379
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE CHINA FUND, INC.
001 B000000 811-6672
001 C000000 6176622797
002 A000000 225 FRANKLIN STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 HSBC ASSET MANAGEMENT(HONG KONG)LIMITED
008 B000001 A
008 C000001 801-29922
008 D010001 HONG KONG
008 D050001 HONG KONG
008 A000002 HSBC PRIVATE EQUITY (ASIA) LIMITED
008 B000002 A
008 C000002 801-41785
008 D010002 HONG KONG
008 D050002 HONG KONG
010 A000001 STATE STREET BANK AND TRUST COMPANY
010 B000001 85-05003
010 C010001 BOSTON
010 C020001 MA
010 C030001 02111
012 A000001 DEWE ROGERSON INC.
012 B000001 85-
012 C010001 NEW YORK
012 C020001 NY
<PAGE> PAGE 2
012 C030001 10018
013 A000001 KPMG LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
014 A000001 HONG KONG AND SHANGHAI BANKING
014 B000001 8-xxxx
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 N. QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
015 A000002 HONG KONG AND SHANGHAI BANKING CORP. LTD
015 B000002 S
015 C010002 SHENZHEN
015 D010002 CHINA
015 E040002 X
015 A000003 STANDARD CHARTERED BANK, HONG KONG BRANCH
015 B000003 S
015 C010003 HONG KONG
015 D010003 HONG KONG
015 E040003 X
015 A000004 HONG KONG AND SHANGHAI BANKING CORP. LTD
015 B000004 S
015 C010004 SHANGHAI
015 D010004 CHINA
015 E040004 X
015 A000005 STANDARD CHARTERED BANK PLC
015 B000005 S
015 C010005 JAKARTA
015 D010005 INDONESIA
015 E040005 X
015 A000006 STANDARD CHARTERED BANK
015 B000006 S
015 C010006 MANILLA
015 D010006 PHILIPPINES
015 E040006 X
015 A000007 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000007 S
015 C010007 SINGAPORE
015 D010007 SINGAPORE
015 E040007 X
015 A000008 CENTRAL TRUST OF CHINA
015 B000008 S
015 C010008 TAIPEI
015 D010008 TAIWAN
015 E040008 X
015 A000009 DELETE
015 A000010 DELETE
015 A000011 DELETE
<PAGE> PAGE 3
015 A000012 DELETE
015 A000013 DELETE
015 A000014 DELETE
015 A000015 DELETE
015 A000016 DELETE
015 A000017 DELETE
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 W.I. CARR
020 B000001 13-2927466
020 C000001 72
020 A000002 KLEINWORT BENSON SEC.
020 B000002 13-3736097
020 C000002 72
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003 46
020 A000004 CREDIT LYONNAIS
020 C000004 45
020 A000005 MERRILL LYNCH
020 B000005 13-5674085
020 C000005 41
020 A000006 JARDINE FLEMING
020 C000006 29
020 A000007 STANDARD CHARTERED BANK
020 C000007 25
020 A000008 CAZENOVE SECS.
020 C000008 23
020 A000009 SHENZHEN SEC.
020 C000009 22
020 A000010 WARBURG SEC.
020 C000010 18
021 000000 556
022 A000001 STATE STREET BANK
022 B000001 04-1867445
022 C000001 168456
022 D000001 0
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002 27942
022 D000002 42040
022 A000003 BANK OF NEW YORK
022 C000003 2685
022 D000003 0
022 A000004 BANK OF TOKYO
022 C000004 2000
022 D000004 0
022 A000005 WARBURG SECS.
022 C000005 0
022 D000005 1497
<PAGE> PAGE 4
022 A000006 MORGAN STANLEY
022 C000006 995
022 D000006 33
022 A000007 STANDARD CHARTERED
022 C000007 964
022 D000007 0
022 A000008 NOMURA INTERNATIONAL
022 C000008 0
022 D000008 798
022 A000009 CHASE MANHATTAN
022 C000009 498
022 D000009 0
022 A000010 R.C. STAM
022 C000010 293
022 D000010 0
023 C000000 204346
023 D000000 44810
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
<PAGE> PAGE 5
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.250
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
<PAGE> PAGE 6
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
<PAGE> PAGE 7
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
<PAGE> PAGE 8
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 101687
071 B000000 82750
071 C000000 109948
071 D000000 75
072 A000000 12
072 B000000 529
072 C000000 3325
072 D000000 0
072 E000000 0
072 F000000 1488
072 G000000 138
072 H000000 0
072 I000000 119
072 J000000 264
072 K000000 0
072 L000000 72
072 M000000 325
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 68
072 S000000 159
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 91
072 X000000 2724
072 Y000000 0
072 Z000000 1130
072AA000000 6214
072BB000000 0
072CC010000 10736
072CC020000 0
072DD010000 817
072DD020000 0
072EE000000 0
073 A010000 0.0780
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 197
074 B000000 1315
074 C000000 2099
074 D000000 2115
074 E000000 0
074 F000000 124407
074 G000000 0
<PAGE> PAGE 9
074 H000000 0
074 I000000 0
074 J000000 623
074 K000000 0
074 L000000 130
074 M000000 0
074 N000000 130886
074 O000000 2126
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 457
074 S000000 0
074 T000000 128303
074 U010000 10073
074 U020000 0
074 V010000 12.74
074 V020000 0.00
074 W000000 0.0000
074 X000000 10900
074 Y000000 0
075 A000000 0
075 B000000 119610
076 000000 9.94
077 A000000 Y
077 B000000 Y
078 000000 N
080 A000000 CHUBB GROUP OF INS. CO.OF WARREN,NJ
080 C000000 600
081 A000000 N
081 B000000 0
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 772
086 B020000 6410
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
<PAGE> PAGE 10
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 169373107
087 A030000 CHN
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE JANE WONG
TITLE MANAGER OF FUNDADMIN
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000845379
<NAME> CHINA FUND,INC.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 139465
<INVESTMENTS-AT-VALUE> 129936
<RECEIVABLES> 820
<ASSETS-OTHER> 130
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 130886
<PAYABLE-FOR-SECURITIES> 2126
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 457
<TOTAL-LIABILITIES> 2583
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 139163
<SHARES-COMMON-STOCK> 10073
<SHARES-COMMON-PRIOR> 10781
<ACCUMULATED-NII-CURRENT> 1116
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2447)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9529)
<NET-ASSETS> 128303
<DIVIDEND-INCOME> 3325
<INTEREST-INCOME> 529
<OTHER-INCOME> 0
<EXPENSES-NET> (2724)
<NET-INVESTMENT-INCOME> 1130
<REALIZED-GAINS-CURRENT> 6214
<APPREC-INCREASE-CURRENT> 10736
<NET-CHANGE-FROM-OPS> 18080
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (817)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (5852)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 11412
<ACCUMULATED-NII-PRIOR> 814
<ACCUMULATED-GAINS-PRIOR> (8671)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1488
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2724
<AVERAGE-NET-ASSETS> 119610
<PER-SHARE-NAV-BEGIN> 10.840
<PER-SHARE-NII> 0.120
<PER-SHARE-GAIN-APPREC> 1.860
<PER-SHARE-DIVIDEND> (0.080)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.740
<EXPENSE-RATIO> 2.280
</TABLE>
The Board of Directors
The China Fund, Inc.:
In planning and performing our audit of the financial statements of The
China Fund, Inc. for the year ended October 31, 1999, we considered its
internal control, including control activities for safeguarding securities,
in order to determine our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on internal control.
The management of The China Fund, Inc. is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits
and related costs of controls. Generally, controls that are relevant to an
audit pertain to the entity's objective of preparing financial statements
for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisitions, use or
disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to the risks
that it may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of internal control components does not reduce to
a relatively low level the risk that errors or irregularities in amounts
that would be material in relation to the financial statements being
audited may occur and not be detected within a timely period by employees
in the normal course of performing their assigned functions. However, we
noted no matters involving internal control and its operation, including
controls for safeguarding securities, that we consider to be material
weaknesses as defined above as of October 31, 1999.
This report is intended solely for the information and use of management,
the Board of Directors of The China Fund, Inc. and the Securities and
Exchange Commission.
Boston, Massachusetts
December 22, 1999
11
