Matthews China Dividend Fund	September 30, 2023
Schedule of Investmentsa (unaudited)
COMMON EQUITIES: 98.7%

	Shares		Value
CONSUMER DISCRETIONARY: 29.1%
Broadline Retail: 12.9%
Alibaba Group Holding, Ltd.b		1,362,900	$	14,776,816
MINISO Group Holding, Ltd. ADR		185,875		4,814,163
				19,590,979
Hotels, Restaurants & Leisure: 6.7%
Yum China Holdings, Inc.		77,551		4,321,142
Shanghai Jinjiang International Hotels Co., Ltd. B Shares		1,846,700		3,047,914
Tam Jai International Co., Ltd.		15,983,000		2,749,836
				10,118,892
Household Durables: 2.7%
Haier Smart Home Co., Ltd. D Shares		3,542,975		4,142,866
Textiles, Apparel & Luxury Goods: 2.5%
Xtep International Holdings, Ltd.		4,084,000		3,761,642
Diversified Consumer Services: 2.2%
China Education Group Holdings, Ltd.c		4,187,000		3,393,052
Automobiles: 2.1%
Yadea Group Holdings, Ltd.c,d		1,760,000		3,259,147
Total Consumer Discretionary				44,266,578
COMMUNICATION SERVICES: 15.4%
Interactive Media & Services: 9.9%
Tencent Holdings, Ltd.		389,900		15,114,068
Diversified Telecommunication Services: 5.5%
CITIC Telecom International Holdings, Ltd.		21,079,000		8,335,003
Total Communication Services				23,449,071
FINANCIALS: 14.0%
Capital Markets: 5.4%
CSC Financial Co., Ltd. H Sharesc,d		4,537,000		4,580,788
Hong Kong Exchanges & Clearing, Ltd.		97,300		3,611,073
				8,191,861
Banks: 4.6%
China Merchants Bank Co., Ltd. A Shares		803,784		3,659,867
Postal Savings Bank of China Co., Ltd. H Sharesc,d		6,629,000		3,338,016
				6,997,883
Insurance: 4.0%
PICC Property & Casualty Co., Ltd. H Shares		2,434,000		3,116,711
Ping An Insurance Group Co. of China, Ltd. H Shares		531,500		3,014,481
				6,131,192
Total Financials				21,320,936
CONSUMER STAPLES: 8.5%
Beverages: 6.4%
Wuliangye Yibin Co., Ltd. A Shares		235,400		5,077,349
Tsingtao Brewery Co., Ltd. H Shares		564,000		4,592,637
				9,669,986

	Shares		Value
Food Products: 2.1%
Inner Mongolia Yili Industrial Group Co., Ltd. A Shares		885,600		$3,233,643
Total Consumer Staples				12,903,629
REAL ESTATE: 6.7%
Real Estate Management & Development: 6.7%
KE Holdings, Inc. ADR		181,419		2,815,623
Wharf Real Estate Investment Co., Ltd.		714,000		2,751,712
Onewo, Inc. H Shares		782,730		2,329,240
China Vanke Co., Ltd. H Shares		2,104,100		2,314,483
Total Real Estate				10,211,058
INFORMATION TECHNOLOGY: 6.2%
Electronic Equipment, Instruments & Components: 4.1%
E Ink Holdings, Inc.		598,000		3,334,440
OPT Machine Vision Tech Co., Ltd. A Shares		185,055		2,883,324
				6,217,764
Software: 2.1%
Longshine Technology Group Co., Ltd. A Shares		1,215,400		3,206,785
Total Information Technology				9,424,549
MATERIALS: 6.1%
Construction Materials: 4.0%
Huaxin Cement Co., Ltd. H Shares		3,066,792		3,132,170
China Jushi Co., Ltd. A Shares		1,632,407		3,028,395
				6,160,565
Metals & Mining: 2.1%
Tiangong International Co., Ltd.		9,706,000		3,151,957
Total Materials				9,312,522
INDUSTRIALS: 5.5%
Machinery: 3.5%
Yangzijiang Shipbuilding Holdings, Ltd.		4,392,700		5,324,791
Air Freight & Logistics: 2.0%
ZTO Express Cayman, Inc. ADR		127,273		3,076,188
Total Industrials				8,400,979
HEALTH CARE: 4.9%
Life Sciences Tools & Services: 3.0%
WuXi AppTec Co., Ltd. A Shares		381,600		4,539,266
Health Care Equipment & Supplies: 1.9%
AK Medical Holdings, Ltd.c,d		3,396,000		2,856,068
Total Health Care				7,395,334

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Matthews China Dividend Fund	September 30, 2023
Schedule of Investmentsa (unaudited) (continued)

COMMON EQUITIES (continued)
	Shares		Value
ENERGY: 2.3%
Oil, Gas & Consumable Fuels: 2.3%
China Suntien Green Energy Corp., Ltd. H Shares		9,801,000		$3,384,352
Total Energy				3,384,352
TOTAL INVESTMENTS: 98.7%				150,069,008
(Cost $178,554,952)
CASH AND OTHER ASSETS, LESS LIABILITIES: 1.3%				1,952,451
NET ASSETS: 100.0%			$	152,021,459

a Certain securities were fair valued under the valuation policies approved by the Board of Trustees.

b Non-income producing security.

c The securities may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

d Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Funds’ Board of Trustees. At September 30, 2023, the aggregate value is $14,034,019, which is 9.23% of net assets.

ADR American Depositary Receipt

Other information regarding the Fund is available in the Funds’ most recent report to shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

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