Matthews China Fund Comments on Han's Laser Technology Industry Group

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Jan 22, 2019

Meanwhile, we exited our position in Han's Laser Technology Industry Group (SZSE:002008), China's largest laser equipment manufacturer, due to the company's large exposure to Apple and a significant slowdown in sales of Apple products. In addition, the trade conflicts between the U.S. and China caused additional uncertainty about the company's operation. We also sold our position in China Life Insurance, a state-owned life insurer, after the company delivered results below our expectations.

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