0001072613-17-000015.txt : 20170109 0001072613-17-000015.hdr.sgml : 20170109 20170109160719 ACCESSION NUMBER: 0001072613-17-000015 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170109 DATE AS OF CHANGE: 20170109 GROUP MEMBERS: CITY OF LONDON INVESTMENT MANAGEMENT CO LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA FUND INC CENTRAL INDEX KEY: 0000845379 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52873 FILM NUMBER: 17517578 BUSINESS ADDRESS: STREET 1: TWO AVENUE DE LAFAYETTE STREET 2: PO BOX 5049 (02206-5049) CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6176622789 MAIL ADDRESS: STREET 1: TWO AVENUE DE LAFAYETTE STREET 2: PO BOX 5049 (02206-5049) CITY: BOSTON STATE: MA ZIP: 02111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITY OF LONDON INVESTMENT GROUP PLC CENTRAL INDEX KEY: 0001018138 IRS NUMBER: 000000000 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 77 GRACECHURCH STREET CITY: LONDON STATE: X0 ZIP: EC3V0AS BUSINESS PHONE: 011441717110771 MAIL ADDRESS: STREET 1: 77 GRACECHURCH STREET STREET 2: LONDON ENLAND EC3V0AS CITY: LONDON STATE: X0 ZIP: EC3V0AS FORMER COMPANY: FORMER CONFORMED NAME: OLLIFF & PARTNERS PLC DATE OF NAME CHANGE: 19960705 SC 13G/A 1 china-13g_17993.htm THE CHINA FUND, INC. - AMEND. #3


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

__________

SCHEDULE 13G



UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3 )*




The China Fund, Inc.

(Name of Issuer)
 
 

Common Stock, par value $.001 per share

(Title of Class of Securities)
 
 

169373107

(CUSIP Number)
 
 

December 31, 2016

(Date of Event Which Requires Filing of this Statement)
 
 
 
 
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒  Rule 13d-1(b)
☐  Rule 13d-1(c)
☐  Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 

 
CUSIP No.  169373107
13G
Page 2 of 7 Pages 
 
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 
 
City of London Investment Group PLC, a company incorporated under the laws of England and Wales
 
 
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
   
(b)
 
 
3.
SEC USE ONLY
 
 
 
 
 
 
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
England and Wales
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
 
 
0
 
 
 
 
6.
SHARED VOTING POWER
 
 
3,441,987
 
 
 
 
7.
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8.
SHARED DISPOSITIVE POWER
 
 
3,441,987
 
 
 
 
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
3,441,987
 
 
 
 
10.
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
21.9%
 
 
 
 
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
HC
 
 
 
 

CUSIP No.  169373107
13G
Page 3 of 7 Pages 
 
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 
 
City of London Investment Management Company Limited, a company incorporated under the laws of England and Wales
 
 
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
   
(b)
 
 
3.
SEC USE ONLY
 
 
 
 
 
 
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
England and Wales
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
SOLE VOTING POWER
 
 
0
 
 
 
 
6.
SHARED VOTING POWER
 
 
3,441,987
 
 
 
 
7.
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8.
SHARED DISPOSITIVE POWER
 
 
3,441,987
 
 
 
 
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
3,441,987
 
 
 
 
10.
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
21.9%
 
 
 
 
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 

CUSIP No.  169373107
13G
Page 4 of 7 Pages 
 
 
 
Item 1(a).              Name of Issuer:

The China Fund, Inc.
 
 
Item 1(b).              Address of Issuer's Principal Executive Offices:

The principal executive offices of the Fund are located at:

The China Fund, Inc.
c/o State Street Bank and Trust Co.
2 Avenue de Lafayette, 6th Floor
P. O. Box 5049
Boston Massachusetts 02206-5049
 

Item 2(a).              Name of Person Filing:

This statement is being filed by City of London Investment Group PLC ("CLIG") and City of London Investment Management Company Limited ("CLIM," and together with CLIG, the "Reporting Persons").
 
The principal business of CLIG is serving as the parent holding company for the City of London group of companies, including CLIM.
 
CLIM is primarily an emerging markets fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940.  CLIM is controlled by CLIG.  CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including The Emerging World Fund ("EWF") and The Global Equity Fund ("WUGEF"), each a Dublin, Ireland-listed open-ended investment company, Emerging Markets Country Fund ("GBL"), a private investment fund organized as a Delaware business trust, Investable Emerging Markets Country Fund ("IEM"), a private investment fund organized as a Delaware business trust, Emerging Markets (BMI) Country Fund ("BMI"), a private investment fund organized as a Delaware business trust, Emerging (Free) Markets Country Fund ("FREE"), a private investment fund organized as a Delaware business trust, The Frontier Emerging Markets Fund ("FRONT"), a private investment fund organized as a Delaware business trust, The EM Plus CEF Fund ("PLUS"), a private investment fund organized as a Delaware business trust, International Equity (CEF) Fund ("IEF"), a private investment fund organized as a Delaware business trust, Emerging Markets Global Fund ("EMG"), a private investment fund organized as a Delaware business trust, Emerging Markets Investable Fund ("EMI"), a private investment fund organized as a Delaware business trust, Emerging Markets Free Fund ("EMF"), a private investment fund organized as a Delaware business trust, Global Emerging Markets Fund ("GEM"), a private investment fund organized as a Delaware business trust, Tactical Income CEF Fund ("Tactical Income"), The Bangladesh Fund ("EAST"), and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the "Segregated Accounts").
 
EWF, WUGEF, GBL, IEM, BMI, FREE, FRONT, PLUS, IEF, EMG, EMI, EMF, GEM, Tactical Income and EAST are collectively referred to herein as the "City of London Funds."
 
The Shares to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
 

CUSIP No.  169373107
13G
Page 5 of 7 Pages 
 
 
 
Item 2(b).              Address of Principal Business Office or, if None, Residence:
 
Address for CLIG and CLIM:

77 Gracechurch
London EC3V 0AS
England
 

Item 2(c).              Citizenship:

CLIG - England and Wales

CLIM - England and Wales
 

Item 2(d).              Title of Class of Securities:

Common Stock, par value $.001 per share

 
Item 2(e).              CUSIP Number:

169373107
 

Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2 (b) or (c), Check Whether the Person Filing is a:

(a)  Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
 
(b)  Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
 
(c)  Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
 
(d)  Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
(e)  An investment adviser in accordance with §240.13d-1 (b)(1)(ii)(E) (for CLIM);
 
(f)  An employee benefit plan or endowment fund in accordance with §240.13d-1 (b)(1)(ii)(F);
 
(g)  A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) (for CLIG);
 
(h)  A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i)  A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
(j)  Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
 
 

CUSIP No.  169373107
13G
Page 6 of 7 Pages 
 
 
 
Item 4.                  Ownership.
 
For CLIG and CLIM:
 
(a)           Amount beneficially owned:
 
3,441,987
 
(b)           Percent of class:
 
21.9%
 
(c)           Number of shares as to which such person has:
 
(i)  Sole power to vote or to direct the vote:  0
 
(ii) Shared power to vote or to direct the vote:  3,441,987
 
(iii) Sole power to dispose or to direct the disposition of:  0
 
(iv) Shared power to dispose or to direct the disposition of:  3,441,987
 
 
Item 5. Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
 
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
CLIG, as the parent holding company of CLIM, and CLIM, as investment advisers to the Funds, have the power to direct the dividends from, or the proceeds of the sale of the shares owned by the Funds. Each of the Funds owns less than 5% of the shares.
 
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
 
CLIG is the parent holding company of CLIM.  See also Item 3.
 
 
Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.
 
 
Item 9.
Notice of Dissolution of Group.
 
Not applicable.
 
 
Item 10.
Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 

CUSIP No.  169373107
13G
Page 7 of 7 Pages 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
The reporting persons agree that this statement is filed on behalf of each of them.
 

 
Dated:    January 9, 2017
 
 
CITY OF LONDON INVESTMENT GROUP PLC

 
       
By:
/s/ Barry M. Olliff  
    Name:  Barry M. Olliff  
    Title:    Director  
       
 
 
 
 
 
CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED

 
       
By:
/s/ Barry M. Olliff  
    Name:  Barry M. Olliff  
    Title:    Director