UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-06686
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JF China Region Fund, Inc.
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(Exact name of registrant as specified in charter)
301 Bellevue Parkway
Wilmington, DE 19809
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(Address of principal executive offices) (Zip code)
Cleary, Gottlieb, Steen & Hamilton
1 Liberty Plaza
New York, NY 10006
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(Name and address of agent for service)
Registrant's telephone number, including area code: 800-441-9800
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Date of fiscal year end: December 31
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Date of reporting period: September 30, 2005
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Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
The Schedule of Investments is attached herewith.
[LOGO OMITTED]
JF CHINA REGION FUND, INC.
INVESTMENT PORTFOLIO
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AT SEPTEMBER 30, 2005 (UNAUDITED)
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Holdings Market
(in shares Value
Description or par) (in US$)
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COMMON STOCKS (UNLESS OTHERWISE NOTED)
CHINA (22.1%)
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CHEMICALS (0.5%)
Sinopec Shanghai Petrochemical 'H' 978,000 343,534
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COMMERCIAL SERVICES & SUPPLIES (1.1%)
Shanghai Forte Land Company Ltd 2,140,000 758,596
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DIVERSIFIED TELECOMMUNICATION SERVICES (1.8%)
China Telecom 'H' 3,486,000 1,314,370
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E-COMMERCE/SERVICES (1.2%)
Ctrip.com International - ADR 13,298 852,136
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ELECTRIC UTILITIES (0.7%)
Huaneng Power International 'H' 712,000 527,730
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INSURANCE (1.6%)
* China Life Insurance 'H' 1,449,000 1,120,686
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MACHINERY (2.5%)
Hangzhou Steam Turbine 'B' 898,600 1,274,158
Weichai Power 'H' 246,000 547,001
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1,821,159
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MARINE (0.7%)
Shenzhen Chiwan Wharf Holdings 'B' 337,500 530,325
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METALS & MINING (3.4%)
Angang New Steel 'H' 2,094,000 1,174,168
Yanzhou Coal Mining 'H' 670,000 531,146
Zijin Mining Group 'H' 2,264,000 722,297
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2,427,611
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OIL & GAS (7.1%)
China Petroleum and Chemical 'H' 3,198,000 1,463,427
PetroChina 'H' 2,376,000 1,990,783
Sinopec Zhenhai Refining and Chemical 'H' 1,478,000 1,619,413
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5,073,623
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TRANSPORTATION INFRASTRUCTURE (1.5%)
Guangshen Railway 'H' 978,000 315,168
1
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JF CHINA REGION FUND, INC.
INVESTMENT PORTFOLIO (CONTINUED)
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AT SEPTEMBER 30, 2005 (UNAUDITED)
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Holdings Market
(in shares Value
Description or par) (in US$)
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COMMON STOCKS (UNLESS OTHERWISE NOTED) (CONTINUED)
CHINA (CONTINUED)
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TRANSPORTATION INFRASTRUCTURE (CONTINUED)
Sinotrans 'H' 2,258,000 793,149
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1,108,317
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TOTAL CHINA 15,878,087
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HONG KONG (46.7%)
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COMMERCIAL BANKS (2.9%)
BOC Hong Kong (Holdings) 733,500 1,470,262
Hang Seng Bank 47,300 635,931
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2,106,193
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COMPUTERS & PERIPHERALS (3.0%)
Lenovo Group 3,598,000 1,739,229
TPV Technology 542,000 387,754
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2,126,983
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DISTRIBUTORS (0.7%)
Digital China Holdings 1,704,000 494,215
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DIVERSIFIED OPERATIONS (10.3%)
China Resources Enterprises 1,196,000 1,957,939
Citic Pacific 261,000 730,070
Hutchison Whampoa 425,000 4,396,410
Tianjin Development Holdings 814,000 338,390
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7,422,809
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DIVERSIFIED TELECOMMUNICATION SERVICES (1.8%)
China Netcom Group Corporation (Hong Kong) 772,000 1,328,504
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ELECTRONIC EQUIPMENT & INSTRUMENTS (0.4%)
Nam Tai Electronic & Electrical Products 1,868,000 320,253
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FOOD PRODUCTS (0.8%)
Tingyi (Cayman Islands) Holding 1,542,000 556,553
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LEISURE EQUIPMENT & PRODUCTS (0.5%)
Skyworth Digital Holdings++ 2,254,456 325,480
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MISCELLANEOUS (0.0%)
* Health Asia MediCentres Beijing++ 1,000,000 0
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2
[LOGO OMITTED]
JF CHINA REGION FUND, INC.
INVESTMENT PORTFOLIO (CONTINUED)
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AT SEPTEMBER 30, 2005 (UNAUDITED)
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Holdings Market
(in shares Value
Description or par) (in US$)
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COMMON STOCKS (UNLESS OTHERWISE NOTED) (CONTINUED)
HONG KONG (CONTINUED)
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MULTILINE RETAIL (1.2%)
Lifestyle International Holdings 554,000 881,944
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OIL & GAS (3.1%)
CNOOC 3,024,000 2,202,391
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REAL ESTATE (12.6%)
Cheung Kong (Holdings) 251,000 2,834,275
China Overseas Land & Investment 1,498,000 448,951
Hang Lung Properties 635,000 1,010,892
Henderson Investments 494,000 703,645
Hysan Development 650,419 1,626,519
Swire Pacific 'A' 171,000 1,574,935
Wheelock and Company 473,000 841,404
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9,040,621
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TEXTILES, APPAREL & LUXURY GOODS (2.5%)
Dickson Concepts International 367,950 611,847
Giordano International 1,220,000 841,352
* Texhong Textile Group 3,366,000 377,483
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1,830,682
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TRANSPORTATION INFRASTRUCTURE (0.8%)
Cosco Pacific 288,000 560,575
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WIRELESS TELECOMMUNICATION SERVICES (6.1%)
China Mobile (Hong Kong) 901,000 4,413,393
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TOTAL HONG KONG 33,610,596
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SINGAPORE (1.6%)
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CONTAINERS & PACKAGING (0.5%)
Full Apex Holdings 2,000,000 390,648
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REAL ESTATE (1.1%)
Hongkong Land Holdings 241,000 756,740
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TOTAL SINGAPORE 1,147,388
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TAIWAN (26.6%)
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AIRLINES (0.0%)
EVA Airways 7 3
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3
[LOGO OMITTED]
JF CHINA REGION FUND, INC.
INVESTMENT PORTFOLIO (CONTINUED)
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AT SEPTEMBER 30, 2005 (UNAUDITED)
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Holdings Market
(in shares Value
Description or par) (in US$)
-------------------------------------------------------------------------------------------------------------
COMMON STOCKS (UNLESS OTHERWISE NOTED) (CONTINUED)
TAIWAN (CONTINUED)
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COMMERCIAL BANKS (0.8%)
Yuanta Core Pacific Securities 917,622 586,208
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COMPUTERS & PERIPHERALS (3.2%)
Delta Electronics 872,000 1,489,879
Foxconn Technology 97,000 406,292
Silitech Technology 110,000 391,135
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2,287,306
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DIVERSIFIED OPERATIONS (1.8%)
Cathay Financial Holding - GDR 69,850 1,304,798
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ELECTRONIC EQUIPMENT & INSTRUMENTS (1.9%)
Asustek Computer 260,700 699,170
AU Optronics Corporation 215,820 279,648
Career Technology (MFG.) 336,059 403,042
Optimax Technology 54 88
Premier Image Technology 19 28
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1,381,976
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HOUSEHOLD DURABLES (2.0%)
Hon Hai Precision Industry 314,487 1,464,141
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LEISURE EQUIPMENT & PRODUCTS (2.2%)
Largan Precision 175,950 1,574,698
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REAL ESTATE (1.5%)
Huaku Construction 536,897 580,005
Hung Poo Real Estate Development 906,000 537,831
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1,117,836
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SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (9.4%)
Advanced Semiconductor Engineering 1,186,702 801,016
MediaTek 138,800 1,309,138
Sunplus Technology 8,787 8,049
Taiwan Semiconductor Manufacturing 2,293,836 3,684,183
United Microelectronics 1,508,352 968,131
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6,770,517
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TEXTILES, APPAREL & LUXURY GOODS (0.4%)
Far Eastern Department Stores 513,450 270,762
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4
[LOGO OMITTED]
JF CHINA REGION FUND, INC.
INVESTMENT PORTFOLIO (CONTINUED)
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AT SEPTEMBER 30, 2005 (UNAUDITED)
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Holdings Market
(in shares Value
Description or par) (in US$)
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COMMON STOCKS (UNLESS OTHERWISE NOTED) (CONTINUED)
TAIWAN (CONTINUED)
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WIRELESS TELECOMMUNICATION SERVICES (3.4%)
Chunghwa Telecom Co., Ltd. 386,000 674,632
Far EasTone Telecommunications 845,900 958,426
Wistron NeWeb 412,540 795,605
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2,428,663
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TOTAL TAIWAN 19,186,908
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UNITED STATES (0.5%)
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COMPUTERS & PERIPHERALS (0.5%)
Sina Corp 13,749 378,097
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TOTAL UNITED STATES 378,097
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TOTAL INVESTMENTS IN COMMMON STOCK
(97.5% of Net Assets) (Cost $63,836,776) 70,201,076
==============================================================================================================
TOTAL INVESTMENTS
(97.5% of Net Assets) (Cost $63,836,776) 70,201,076
==============================================================================================================
Other assets in excess of liabilities (2.5% of Net Assets) 1,799,734
==============================================================================================================
NET ASSETS (100.0%) 72,000,810
==============================================================================================================
As of December 31, 2004, the aggregate cost for Federal income tax purposes was
$56,594,751.
The aggregate unrealized gain for all securities was as follows:
Excess of market value over cost 7,188,633
Excess of cost over market value 1,362,792)
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Net unrealized gain 5,825,841
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B Chinese security traded on Shenzhen Stock Exchange or Shanghai Stock
Exchange.
H Chinese security traded on Hong Kong Stock Exchange.
ADR American Depository Receipts.
GDR Global Depository Receipts.
* Non-income producing security.
++ At fair value as determined under the supervision of the Board of
Directors.
5
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive and principal financial officers,
or persons performing similar functions, have concluded that the
registrant's disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the "1940
Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days
of the filing date of the report that includes the disclosure required
by this paragraph, based on their evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR
270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities
Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or
240.15d-15(b)).
(b) There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17
CFR 270.30a-3(d)) that occurred during the registrant's last fiscal
quarter that have materially affected, or are reasonably likely to
materially affect, the registrant's internal control over financial
reporting.
ITEM 3. EXHIBITS.
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of
the Sarbanes-Oxley Act of 2002 are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) JF China Region Fund, Inc.
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By (Signature and Title)* /s/ Simon Crinage
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Simon Crinage, President
(principal executive officer)
Date November 22, 2005
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By (Signature and Title)* /s/ Simon Crinage
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Simon Crinage, President
(principal executive officer)
Date November 22, 2005
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By (Signature and Title)* /s/ Douglas Eu
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Douglas Eu, Treasurer
(principal financial officer)
Date November 24, 2005
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* Print the name and title of each signing officer under his or her signature.