Matthews China Fund Comments on China Resources Land

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Jan 22, 2019

In 2018, real estate and energy sectors performed well. China Resources Land and China Petroleum & Chemical (Sinopec) were two of the top contributors to the Fund's performance. China Resources Land (HKSE:01109), a leading integrated urban developer in China, has continued to achieve strong growth in both residential development sales and investment properties rentals—even in the face of macroeconomic headwinds. With an impressive balance sheet and quality assets, the company demonstrated its ability to withstand market turbulence.

From Matthews China Fund (Trades, Portfolio)'s fourth-quarter 2018 shareholder letter.

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