Gch Investments Llc

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					NEWS
RELEASE
FOR IMMEDIATE RELEASE                                                                                                                    Contact:
                                                                                                                                         Lana Lomuti
                                                                                                                                         Prudential Investments LLC
                                                                                                                                         (973) 367-7481



THE GREATER CHINA FUND, INC. REPORTS EARNINGS AND HOLDINGS

NEW YORK, N.Y., November 29, 2010
The Greater China Fund, Inc. (the "Fund") (NYSE: GCH), a closed-end, non-diversified management investmen
company seeking long-term capital appreciation, today announced its investment results for the third quarter
and nine months ended September 30, 2010.

                                                                                                        At September 30,
                                                                                             2010                            2009
         Net Assets                                                                      $426,950,831                    $295,221,486
         Shares Outstanding                                                               30,369,219                      22,765,665
         Net Asset Value ("NAV")                                                            $14.06                          $12.97
         Market Price                                                                       $12.78                          $12.26
         Discount to NAV                                                                    (9.10)%                         (5.47)%

                                                                                              Quarter Ended September 30,
                                                                                             2010                            2009
         Net Investment Gain/(Loss)                                                       $975,661                        ($167,878)
         Per Share                                                                          $0.03                           ($0.01)
         Net Realized and Unrealized Gain                                                $57,494,318                     $23,587,936
         Per Share                                                                          $1.89                           $1.04
         Dividends Paid from Net Investment Income                                           $0                          ($1,866,785)
         Per Share                                                                          $0.00                           ($0.08)

                                                                                           Nine Months Ended September 30,
                                                                                             2010                            2009
         Net Investment Income                                                           $2,571,585                       $1,368,898
         Per Share                                                                           $0.08                          $0.06
         Net Realized and Unrealized Gain                                                $10,615,319                     $93,209,471
         Per Share                                                                           $0.35                          $4.09
         Dividends Paid from Net Investment Income                                        ($425,169)                     ($1,866,785)
         Per Share                                                                          ($0.01)                         ($0.08)




                             Allocation of Net Assets                                                              Top Ten Equity Holdings
   Equities:                                                                                                  Representing 28.2% of net assets
     China                                                       52.2%                                    -   China Construction Bank "H"
     Hong Kong                                                   39.6%                                    -   China Mobile Ltd.
     Taiwan                                                       4.6%                                    -   Industrial & Commercial Bank of China Ltd. "H"
                                                                 96.4%                                    -   Sun Hung Kai Properties Ltd.
   Short-Term Investment                                          3.5%                                    -   CNOOC Ltd.
   Investments of Cash Collateral from Securities Loaned          7.1%                                    -   Tencent Holdings Ltd.
                                                                107.0%                                    -   Hutchison Whampoa Ltd.
   Liabilities, in excess of cash and other assets               (7.0)%                                   -   Lenovo Group Ltd.
   Net Assets                                                   100.0%                                    -   China Life Insurance Co. Ltd. "H"
                                                                                                          -   China Taiping Insurance Holdings Co. Ltd.




The Fund's investment manager is Baring Asset Management (Asia) Limited

				
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