Silverbow 6-30-06 Q

China Holdings, Inc.
(Exact Name of Small Business Issuer as specified in its Charter)

Check whether the Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

Indicate the number of shares outstanding of each of the issuer's classes of Common Equity, as of the latest practicable date.

China Holdings, Inc.
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(Unauditied)

			For the three months ending June 30, 2006		For the six months ending June 30, 2006		Cumulative from inception (Aug 10, 1998) to June 30, 2006
			-------------------		--------------------		----------------------
Revenues		$	-0-	$	-0-	$	2,170
--------------------------------------------------------------------------------------------------------------------
Operating expenses

	New Business Development Expenses		-0-		-0-		6,025
	Services Rendered		-0-		-0-		1,136
	Interest Expense		-0-		-0-		41,840
	Admin Support		-0-		-0-		25,000
	Computer Services		-0-		-0-		6,800
	Aircraft Operating Expenses		-0-		-0-		85,788
	Depreciation Expense		-0-		-0-		97,308
			-------------------		---------------------		--------------------
Total Operating Expenses			-0-		-0-		263,897
--------------------------------------------------------------------------------------------------------------------
Income [Loss] From Operations			-0-		-0-		[261,727]
--------------------------------------------------------------------------------------------------------------------
Other Income (Loss)
	Gain [Loss] Sale of Air Craft		-0-		-0-		2,105
	Other Income (Expense) Recapture Deperc.		-0-		-0-		63,021
	Interest (Expense) Prior To Adj.		-0-		-0-		(2,910)
--------------------------------------------------------------------------------------------------------------------
Net Income (Loss)			-0-		-0-		[199,511]
--------------------------------------------------------------------------------------------------------------------
Avg. Shares Outstanding							3,190,400

Income [Loss] Per Avg. Share Outstanding						$	[0.06]

The accompanying notes are an integral part of these condensed financial statements.

China Holdings, Inc.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
(unaudited)

			For the three months ending June 30, 2006		For the six months ending June 30, 2006		Cumulative from inception (Aug 10, 1998) to June 30, 2006
			---------------------------		----------------------------		----------------------------
Operating Activities Net loss		$	-0-	$	-0-	$	(199511)
-------------------------------------------------------------------------------------------------------------------------------------
Adjustments to reconcile net loss to net cash used in operations:
Increase (Decrease) in accounts payable and related parties			-0-		-0-		180,625
Depreciation			-0-		-0-		97,308
Loss (Gain) Sale Aircraft			-0-		-0-		[26,469]
-------------------------------------------------------------------------------------------------------------------------------------
Net cash (used) in operating activities			-0-		-0-		251,464
-------------------------------------------------------------------------------------------------------------------------------------
Investing Activities - Cash (Used):			-		-		-

	Cash [used] to Purchase Aircraft		-0-		-0-		[178,000]
	Cash provided Sale of Aircraft		-0-		-0-		60,000
	Contribution to Capital Sale of aircraft		-0-		-0-		20,000
	Issuance of shares for cash		-		-		2,232

-------------------------------------------------------------------------------------------------------------------------------------
Net Increase (decrease) Investing and Financing Activities			-0-		-0-		[96,668]
Net Cash (used) Provided			-0-		-0-		157,736
Net change in cash			-0-		-0-		44,715
			---------------------------		----------------------------		------------------------------
Cash beginning of period 12/31/00		$	-0-	$	-0-	$	6,950
Cash at end of period 12/31/02			-0-		-0-		37,765
Cash at end of period 12/31/03			-0-		-0-		44,715
Cash begin of period 01/01/04			-0-		-0-		-0-
			==================		===================		====================
Supplemental Information:
Cash paid for interest and income taxes		$	-0-	$	-0-	$	-0-

China Holdings, Inc.
(A Development Stage Company)
Notes to Financial Statements
For the six months ended June, 2006

GENERAL:

The condensed consolidated financial statements of China Holdings, Inc. included herein, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Although certain information normally included in financial statements prepared in accordance with generally accepted accounting principles has been condensed or omitted, China Holdings, Inc.believes that the disclosures are adequate to make the information presented not misleading. The condensed financial statements for the six month period ended June 30, 2006 should be read in conjunction with the financial statements and notes thereto included in this report.

The condensed consolidated financial statements included herein reflect all normal recurring adjustments that, in the opinion of management, are necessary for fair presentation.

Company was organized under the laws of the State of Nevada on April 28, 1994 under the name of Silver Bow Antique Aviation.. The Company was incorporated to engage in any lawful activities.

The Company's articles initially authorized 1,000 shares of Preferred Stock and 10,000 shares of Common Stock, both at a par value of $.001 per share.

During 1996, certain consulting services were rendered to the Company by the majority stockholder, Magellan Capital Corporation, (a Nevada Corporation doing business in California) and 4 other individuals. The value of such services were at the stated par value for 1,041 shares issued on July 15, 1995 and have been stated on the Balance sheet, the Statement of Operations and the Cash Flow Statement at $936 for the year ending 12/31/96, which amount reflects the par value of the original issue on the date of the 900 for 1 forward stock split on the 1,041 shares. Revised number of shares issued and outstanding after the foregoing split were 936,900, with a total value of $936.00 as of the end of the year September 30, 1996.

On December 30, 1998, 2,053,500 shares were sold for $2,054 cash at the stated par value of $.001 per share. Total shares outstanding at year end 12/31/98 were 2,990,400, with a total value of $2,990.

On September 25, 2001, 200,000 shares were issued at the stated par value of $.001 per share for services rendered through September, 2001: 100,000 shares to Darren J. Holm, the newly appointed President of the Company and 50,000 shares each to Randall Baker, Secretary and Norm LeBoeuf, Controller.

The total number of Common Stock shares outstanding and issued as of the end of June 30, 2006 and 2004 were 3,190,400, total value $3,190. No other transactions have taken place since those dates for the Common Stock of the Company: Total Common Stock Shares outstanding and issued at June 30, 2006 were 3,190,400, total value of $3,190.

On October 6, 2005 Silver Bow Antique Aviation, a Nevada corporation, merged with China Holdings, Inc, a Wyoming corporation with the Wyoming corporation surving for the purpose of effecting a name change and redomincile from Nevada to Wyoming.

The original articles of incorporation, April 28, 1994, authorized 1,000 shares of Preferred Stock with a stated par value of $.001 per share. From inception (April 28, 1994) through June 30, 2006, no Preferred Stock Shares have been issued, and, none are outstanding.

The Articles of Incorporation (as revised) authorize China Holdings, Inc. to issue up to 99,999,000 shares of Common Stock with a par value of $.001 per share and 1,000 shares of Preferred Stock, with a par value of $.001 per share. As of the period ending June 30, 2006, there were 3,190,400 shares of Common Stock issued and outstanding. As of June 30, 2006, no Preferred Stock were issued or outstanding.

The Company has no Fixed Assets for the period ending June 30, 2006 and December 31, 2004.

Following are the Current Liabilities of the Company as of June 30, 2006 and December 31, 2005 were:

Assets and current liabilities have been consolidated into a long term liability note in favor of a D.K. Mork, the majority stock holder of China Holdings, Inc.in the amount of $176,321.

Incidental costs to maintain legal registrations of the Company in the State of Nevada and with the Security and Exchange Commissions have been paid or assumed by Mr. Dempsey Mork, Chief Financial Officer/ Director, the majority shareholder of China Holdings, Inc.. This will continue for the foreseeable future.

Audit, tax and accounting fees for ongoing normal business activities will continue to be paid by Mr. Dempsey Mork, Chief Financial Officer, Director, the majority Shareholder of China Holdings, Inc..

The Board of Directors, acting as the Audit Committee considered whether, and determined that, the auditor's provision of non-audit services was compatible with maintaining the auditor's independence. All of the services described above for fiscal years through the period ending June 30, 2006, and were approved by the Company’s Board of Directors pursuant to its policies and procedures.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Company has duly caused this Report to be signed on its behalf by the undersigned duly authorized person.

/s/ Darren J. Holm
----------------------------------
By: Darren J. Holm, President

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Nevada		91-1939533
(State or other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification Number)

69930 Highway 111, Suite 108 Rancho Mirage, CA		92270
(Address of principal executive offices)		(Zip Code)

Common Stock, no par value		3,190,400
Title of Class		Number of Shares Oustanding at June 30, 2006
No exhibits included.

ASSETS				June 30 , 2006		December 31, 2004
CURRENT ASSETS:
	Deposit Cash/New Business Oper.		$	0	$	0
		Total Current Assets	$	0	$	0
FIXED ASSETS: (Note 3)
	Property/Equipment Less		$	0	$	0
	Accumulated Depreciation		<	0	$	0
		Net Fixed Assets	$	0	$	0
TOTAL ASSETS			$	0	$	0
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities: (Note 4)
	Misc. Accured Liabilities		$	0	$	0
	Other Liabilities			0		0
		Total current liabilities	$	0	$	0
LONG TERM LIABILITIES: (Note 5)			$	176,321	$	176,321
		Net Total Long Term Liabilities	$	0	$	0
TOTAL LIABILITIES			$	0	$	0
SHAREHOLDERS' EQUITY (NOTES 1 & 2)
		1,000 shares authorized; -0- shares issued and outstanding	$	0	$	0
	Common stock, par value $ .001; 99,999,000 shares authorized; issued & outstanding 3,190,400			3,190		3,190
	Paid-in capital			20,000		20,000
	Retained earnings <Accum. Deficit>			<199,511>		<199,511>
NET EQUITY/RETAINED EARNINGS <DEFICIT>			$	<176,321>	$	<176,321>
TOTAL ASSETS/LIABILITIES			$	0	$	0

Category Description			Amounts due 6/30/2006		Amounts due 12/31/2005
Current Liabilities		$	0	$	0
	TOTAL LIABILITIES	$	0	$	0

(b)		List of Exhibits
	31	302 Certification
	32	906 Certification

[X]		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
		For the period ended June 30, 2006

Signature	Capacity	Date
/s/ Darren J. Holm	President/CEO Director	September 6, 2007
Darren J. Holm

/s/ Dempsey K. Mork	CFO/Director	September 6, 2007
Dempsey K. Mork

/s/ Norbert LeBoeuf	Secretary/Director	September 6, 2007
Norbert LeBoeuf