Taiwan Greater China Fund Form NQ 09/30/2006


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: 811-05617

Taiwan Greater China Fund

(Exact name of registrant as specified in charter)

Bank Tower, Room 1001
205 Dun Hua North Road
Taipei 105, Taiwan
Republic of China
(Address of principal executive offices)           (Zip code)

Brown Brothers Harriman and Co.
50 Milk Street
Boston, MA 02109-3661
(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-343-9567

Date of fiscal year end: December 31, 2006
Date of reporting period: September 30, 2006


Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 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. § 3507.












Schedule of Investments (Unaudited) / September 30, 2006 
COMMON STOCK — 98.11%
% of
  
U.S. Dollar
Cement — 3.05%  
Net Assets
 
Value
1,385,960
shs.
Asia Cement Corporation
0.95
  
$ 1,005,032
2,973,185
  
Taiwan Cement Corp.
2.10
  
2,227,879
 
3,232,911
Chemicals — 1.10% 
771,100
  
Eternal Chemical Co., Ltd.
1.10
  
1,164,927
 
Communications Equipment — 1.29% 
728,774
  
D-Link Corp.
0.73
  
770,688
459,540
  
Zyxel Communications Corp.
0.56
  
599,131
 
1,369,819
Computer Peripherals/ODM — 9.11% 
2,508,337
*
BenQ Corp.
1.39
  
1,474,088
97,680
  
High Tech Computer Corp.
2.44
  
2,585,400
2,885,119
  
Lite-on Technology Corp.
3.37
  
3,561,014
1,076,411
  
Mitac International Corp.
1.07
  
1,135,067
503,645
  
Premier Image Technology Corp.
0.84
  
885,657
 
9,641,226
Computer Systems & Hardware — 20.08% 
671,325
  
Acer Inc.
1.07
  
1,137,925
99,528
  
Advantech Co., Ltd.
0.27
  
286,587
2,029,060
  
Asustek Computer Inc.
4.50
  
4,763,584
915,496
  
Compal Electronics Inc.
0.77
  
810,479
2,189,522
  
Hon Hai Precision Industry Co., Ltd.
12.59
  
13,330,373
648,013
  
Quanta Computer Inc.
0.88
  
928,068
 
21,257,016
Electrical & Machinery — 1.24% 
2,926,837
*
Walsin Lihwa Corp.
1.24
  
1,313,236
 
Electronic Components — 13.30% 
175,641
  
Catcher Technology Co., Ltd.
1.42
  
1,507,170
221,513
  
Cheng Uei Precision Industry Co., Ltd.
0.75
  
789,767
391,186
  
Delta Electronics Inc.
1.06
  
1,122,858
575,690
  
Foxconn Technology Co., Ltd.
4.90
  
5,183,497
94,993
  
Largan Precision Co., Ltd.
1.84
  
1,945,984
94,079
  
Merry Electronics Co., Ltd.
0.32
  
335,423
19,841
  
Motech Industry Co., Ltd.
0.27
  
282,060
218,400
  
Radiant Opto-Electronics Corp.
0.29
  
310,148
244,883
  
Tripod Technology Corp.
0.71
  
747,305
1,157,000
  
Wintek Corp.
0.99
  
1,048,751
2,276,000
*
Yageo Corp.
0.75
  
797,716
         
14,070,679
Flat-Panel Displays — 7.77% 
3,500,207
  
AU Optronics Corp.
4.68
  
4,954,744
2,049,177
  
Chi Mei Optoelectronics Corp.
2.14
  
2,266,097
3,347,951
*
Chunghwa Picture Tubes, Ltd.
0.65
  
687,869
769,795
*
Quanta Display Inc.
0.30
  
316,324
 
8,225,034
TAIWAN GREATER CHINA FUND  
Schedule of Investments (continued) (Unaudited) / September 30, 2006 
     
% of
  
U.S. Dollar
Food — 2.18% 
Net Assets
 
Value
2,626,000
shs.
Uni-President Enterprise Corp.
2.18
  
$ 2,308,903
 
Glass, Paper & Pulp — 0.42% 
387,154
  
Taiwan Glass Ind. Corp.
0.26
  
278,406
460,067
  
Yuen Foong Yu Paper Manufacturing Co., Ltd.
0.16
  
166,114
 
444,520
Plastics — 8.52% 
2,954,299
  
Formosa Chemicals & Fiber Corp.
4.13
  
4,373,896
1,674,983
  
Formosa Plastics Corp.
2.26
  
2,391,278
1,608,319
  
Nan Ya Plastics Corp.
2.13
  
2,249,941
 
9,015,115
Retailing — 0.39% 
193,512
  
President Chain Store Corp.
0.39
  
416,884
 
Rubber — 1.33% 
1,441,940
  
Cheng Shin Rubber Ind. Co., Ltd.
1.33
  
1,411,595
 
Semiconductors — 14.93% 
1,172,304
*
Advanced Semiconductor Engineering, Inc.
1.03
  
1,089,189
235,400
  
MediaTek Inc.
2.11
  
2,233,336
138,743
  
Novatek Microelectronics Corp.
0.62
  
656,060
754,318
  
Powerchip Semiconductor Corp.
0.46
  
482,040
665,332
  
Siliconware Precision Industries Co., Ltd.
0.75
  
793,055
4,101,746
  
Taiwan Semiconductor Manufacturing Co., Ltd.
6.99
  
7,398,796
5,614,861
  
United Microelectronics Corp.
2.97
  
3,147,030
 
15,799,506
Steel — 5.14% 
 
6,323,149
  
China Steel Corp.
5.14
  
5,444,979
 
Textiles — 0.55% 
786,515
  
Far Eastern Textile Ltd.
0.55
  
583,413
 
Transportation — 2.06% 
725,052
*
China Airlines Ltd.
0.30
  
317,655
633,471
  
Eva Airways Corp.
0.24
  
252,650
1,166,706
  
Evergreen Marine Corp. (Taiwan) Ltd.
0.63
  
664,494
443,572
  
Wan Hai Lines Ltd.
0.23
  
243,923
1,362,227
  
Yang Ming Marine Transport Corp.
0.66
  
699,707
 
2,178,429
TAIWAN GREATER CHINA FUND
Schedule of Investments (continued) (Unaudited) / September 30, 2006 
 
% of
  
U.S. Dollar
Other — 5.65% 
Net Assets
  
Value
818,000
shs.
Giant Manufacturing Co., Ltd.
1.21
  
$ 1,285,211
317,275
  
Johnson Health Tech Co., Ltd.
1.75
  
1,850,168
316,000
  
Merida Industry Co., Ltd.
0.22
  
233,922
440,519
  
Nien Made Enterprise Co., Ltd.
0.34
  
360,705
2,293,345
  
Pou Chen Corp.
1.78
  
1,877,832
437,800
  
Taiwan Fu Hsing Industrial Co., Ltd.
0.35
  
371,706
 
5,979,544
 
TOTAL COMMON STOCK (COST $87,067,460)
103,857,736
 
SHORT-TERM SECURITIES — 0.12%
Time Deposit — 0.12% 
Bank of America—London, 4.73%, Due 10/02/06
0.12
  
125,959
 
TOTAL INVESTMENTS IN SECURITIES AT FAIR VALUE
98.23
  
103,983,695
(COST $87,193,419)
 
OTHER ASSETS (LESS LIABILITIES)
1.77
  
1,869,919
 
NET ASSETS
100.00
  
$105,853,614
 
 
At September 30, 2006, the cost of investments, excluding short-term investments, for U.S. federal income tax purposes was approximately equal to the cost of such investments for financial reporting purposes. At September 30, 2006, the unrealized appreciation of $16,790,276 for financial reporting purposes consisted of $24,657,563 of gross unrealized appreciation and $7,867,287 of gross unrealized depreciation.
 
 
* Non-income producing: These stocks did not pay a cash dividend during the past year.
 

 

 







ITEM 2. CONTROLS AND PROCEDURES.
 
(a) The registrant’s principal executive officer and principal financial officer 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 “Act”)) are effective as of a date within 90 days of the filing date of this report based on their evaluation of such disclosure controls and procedures as required by Rule 30a-3(b) under the Act and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended.
 
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) 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 required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended:
 
See Exhibit 99.Cert 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.
 
 
Taiwan Greater China Fund
 
 

 
By: /s/ Steve R. Champion
Name: Steven R. Champion
Title: Chief Executive Officer and President
 

 
Date: 11/15/06
 
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: /s/ Steven R. Champion
Name: Steven R. Champion
Title: Chief Executive Officer and President
 

 
 
By: /s/ Cheryl Chang
Name: Cheryl Chang
Title: Chief Financial Officer
 
Date: 11/15/06