<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>2
<FILENAME>invplcy.txt
<DESCRIPTION>INVESTMENT POLICY
<TEXT>
SUB-ITEM 77D(g)

On March 26, 2009 the Board of The China Fund, Inc. approved a revision to
the Funds investment policy regarding lending of portfolio securities to
increase the percentage of securities that the Fund might lend from 25% of
the Funds net assets to 33 1/3% of the Funds total assets.

</TEXT>
</DOCUMENT>
