formnq033108.htm
 
 
 

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)

P.O Box 118763 Taipei
Taipei 10599, Taiwan
Republic of China
 
(Address of principal executive offices)           (Zip code)

Brown Brothers Harriman and Co.
40 Water St
Boston, MA 02109
(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, 2008
Date of reporting period: March 31, 2008
 

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.













TAIWAN GREATER CHINA FUND
                      
Schedule of Investments (Unaudited)  / March 31,2008
 
                      
                                                                     
COMMON STOCK -- 100.16%
      
% of
    
U.S. Dollar
                  
Cement -- 4.91%
    
Net Assets
    
 Value
              
 
1,189,996
shs.
Asia Cement Corp.
1.89
    
$
2,126,426
              
 
1,757,726
  
Taiwan Cement Corp.
3.02
      
3,406,995
              
               
5,533,421
              
Chemicals -- 0.38%
                            
 
371,352
  
Eternal Chemical Co., Ltd.
0.38
      
432,608
              
Communications Equipment -- 0.56%
                      
 
104,103
  
D-Link Corporation
0.15
      
171,635
              
 
98,913
  
Gemtek Technology
0.14
      
160,311
              
 
61,000
  
Zinwell Corporation
0.14
      
156,578
              
 
122,580
  
Zyxel Communications Corp.
0.13
      
143,607
              
               
632,131
              
Computer Peripherals/ODM -- 4.98%
                      
 
344,000
*
Foxconn International Holdings, Ltd.
0.41
      
463,975
              
 
93,384
  
High Tech Computer Corp.
1.87
      
2,098,931
              
 
1,328,600
  
Lite-on Technology Corp.
1.37
      
1,545,570
              
 
865,943
  
Mitac International Corp.
0.70
      
783,659
              
 
601,202
*
Qisda Corp.
0.45
      
506,484
              
 
178,469
  
Teco Image Systems Co., Ltd.
0.18
      
204,971
              
               
5,603,590
              
Computer Systems & Hardware -- 18.34%
                      
 
413,839
  
Acer Inc.
0.66
      
740,859
              
 
96,411
  
Advantech Co., Ltd.
0.20
      
227,801
              
 
1,883,544
  
Asustek Computer Inc.
4.90
      
5,516,591
              
 
344,318
(a)
Compal Electronics Inc.
0.29
      
330,296
              
 
1,964,549
  
Hon Hai Precision Industry Co., Ltd.
9.99
      
11,249,084
              
 
450,850
  
Inventec Co., Ltd.
0.25
      
275,962
              
 
727,193
  
Quanta Computer Inc.
0.89
      
1,003,891
              
 
819,357
  
Wistron Corp.
1.16
      
1,305,039
              
               
20,649,523
              
Electrical & Machinery -- 0.81%
                      
 
516,000
  
Teco Electric & Machinery Co., Ltd.
0.28
      
317,538
              
 
1,212,837
  
Walsin Lihwa Corp.
0.53
      
598,685
              
               
916,223
              
Electronic Components -- 8.98%
                      
 
152,191
  
A-DATA Technology Co., Ltd.
0.20
      
220,868
              
 
380,433
  
Catcher Technology Co., Ltd.
1.26
      
1,414,691
              
 
1,103,245
  
Delta Electronics Inc.
2.89
      
3,260,268
              
 
100,304
  
Epistar Corp.
0.25
      
280,901
              
 
299,143
(a)
Foxconn Technology Co., Ltd.
1.57
      
1,771,970
              
 
94,000
  
Kinsus Interconnect Technology Corp.
0.22
      
249,945
              
 
22,253
  
Motech Industry Co., Ltd.
0.14
      
152,686
              
 
124,250
  
Shin Zu Shing Co., Ltd.
0.52
      
584,706
              
 
234,380
  
Tripod Technology Corp.
0.70
      
790,587
              
 
585,820
  
Unimicron Technology Corp.
0.72
      
809,690
              
 
1,567,000
  
Yageo Corp.
0.51
      
574,975
              
               
10,111,287
              
Electronics/Other -- 1.70%
                        
 
126,000
  
Lumax International Corp., Ltd.
0.24
      
269,933
              
 
604,650
  
Synnex Technology International Corp.
1.46
      
1,643,574
              
               
1,913,507
              
Flat-Panel Displays -- 9.63%
                          
 
3,916,132
  
AU Optronics Corp.
6.03
      
6,791,614
              
 
865,664
(a)
Chi Mei Optoelectronics Corp.
1.01
      
1,139,500
              
 
4,186,951
  (a) *
Chunghwa Picture Tubes, Ltd.
1.14
      
1,280,025
              
 
620,712
(a)
Innolux Display Corp.
1.45
      
1,632,082
              
               
10,843,221
              
Food -- 5.05%
                          
 
308,000
  
Great Wall Enterprises Co.
0.36
      
405,937
              
 
1,456,000
(a)
Tingyi (Cayman Islands) Holdings Corp.
1.69
      
1,907,693
              
 
2,275,560
(a)
Uni-President Enterprise Corp.
3.00
      
3,373,557
              
               
5,687,187
              
Glass, Paper & Pulp -- 0.94%
                          
 
634,208
  
Taiwan Glass Ind. Corp.
0.69
      
776,390
              
 
621,617
  
Yuen Foong Yu Paper Manufacturing Co., Ltd.
0.25
      
279,229
              
               
1,055,619
              
Plastics -- 13.01%
                          
 
917,299
  
Formosa Chemicals & Fiber Corp.
2.11
      
2,378,714
              
 
1,289,983
  
Formosa Plastics Corp.
3.46
      
3,901,257
              
 
3,371,319
  
Nan Ya Plastics Corp.
7.44
      
8,376,292
              
               
14,656,263
              
Retailing -- 0.41%
                          
 
104,000
  
Far Eastern Department Store Co., Ltd.
0.15
      
172,492
              
 
84,512
  
President Chain Store Corp.
0.26
      
289,239
              
               
461,731
              
Rubber -- 1.55%
                          
 
859,415
  
Cheng Shin Rubber Ind. Co., Ltd.
1.55
      
1,744,991
              
Semiconductors -- 16.59%
                        
 
2,813,704
  
Advanced Semiconductor Engineering Inc.
2.43
      
2,740,786
              
 
482,040
  
Inotera Memories Inc.
0.38
      
427,511
              
 
445,320
(a)
MediaTek Inc.
5.21
      
5,861,884
              
 
118,197
(a)
Novatek Microelectronics Corp.
0.38
      
431,752
              
 
429,341
(a)
Powerchip Semiconductor Corp.
0.14
      
160,363
              
 
70,750
  
Powertech Technology Inc.
0.22
      
253,780
              
 
1,065,000
(a)
ProMOS Technologies Inc.
0.23
      
260,401
              
 
70,025
  
Realtek Semiconductor Corp.
0.19
      
208,779
              
 
495,518
  
Siliconware Precision Industries Co., Ltd.
0.74
      
831,639
              
 
2,958,526
  
Taiwan Semiconductor Manufacturing Co., Ltd.
5.46
      
6,143,414
              
 
2,216,902
  
United Microelectronics Corp.
1.21
      
1,364,247
              
               
18,684,556
              
Steel -- 6.43%
                          
 
4,441,933
  
China Steel Corp.
6.23
      
7,016,463
              
 
117,000
  
Tung Ho Steel Enterprise Corp.
0.20
      
219,465
              
               
7,235,928
              
Textiles -- 1.57%
                          
 
1,052,170
  
Far Eastern Textile, Ltd.
1.57
      
1,772,805
              
                               
Transportation -- 1.44%
                        
 
322,000
  
U-Ming Marine Transport Corp.
0.86
      
971,696
              
 
823,162
  
Yang Ming Marine Transport Corp.
0.58
      
648,778
              
               
1,620,474
              
Other -- 2.88%
                          
 
127,000
  
Giant Manufacturing Co., Ltd.
0.28
      
319,720
              
 
82,530
  
Johnson Health Tech Co., Ltd.
0.14
      
154,264
              
 
535,000
  
Merida Industry Co., Ltd.
0.97
      
1,091,567
              
 
1,014,350
  
Pou Chen Corp.
0.88
      
986,394
              
 
174,000
(a)
Yue Yuen Industrial Holdings, Ltd.
0.48
      
545,363
              
 
90,000
  
Yung Chi Paint & Varnish Manufacturing Co., Ltd.
0.13
      
140,387
              
               
3,237,695
              
TOTAL COMMON STOCK (COST $94,668,620)
                 
     112,792,760
                  
                               
SHORT-TERM SECURITIES -- 10.32% †
                        
Mutual Fund -- 5.46%
                          
AIM Liquid Assets Portfolio, 3.142% ‡
0.65
      
727,486
              
AIM Prime Portfolio, 2.734% ‡
4.81
      
5,416,980
              
               
6,144,466
              
Time Deposit -- 4.86%
                          
Brown Brothers Harriman - Grand Cayman, 1.97%, Due 04/01/08
0.03
      
39,497
              
Wachovia - London, 1.80%, Due 04/01/08 ‡
4.83
      
5,435,556
              
               
5,475,053
              
TOTAL SHORT-TERM SECURITIES
                
 
(COST $11,619,519)
          
11,619,519
              
                               
TOTAL INVESTMENTS IN SECURITIES AT FAIR VALUE
                        
 
(COST $106,288,139)
  
110.48
      
124,412,279
              
                               
LIABILITIES (NET OF OTHER ASSETS)
(10.48)
      
(11,800,391)
              
                               
NET ASSETS
    
100.00
      
$112,611,888
              
                               
                               
                               
                               
At March 31, 2008, 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 March 31, 2008, the
            
unrealized appreciation of $18,124,140 for financial reporting purposes consisted of $27,354,366 of gross unrealized
            
appreciation and $9,230,226 of gross unrealized depreciation.
                        
                               
                               
a
All or a portion of the security is out on loan.
                    
*
Non-income producing: These stocks did not pay a cash dividend during the past year.
                    
†
Inclusive of all short-term holdings, including collateral received from securities lending activities. Not including such collateral, the percentage of portfolio holdings would be .03%.
                    
‡
Represents investment of collateral received from securities lending transactions.
                    




 




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





Date: May 15, 2008

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: May 15, 2008