formnq90302007.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)

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, 2007
Date of reporting period: September 30, 2007


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)  / September 30, 2007
 
 
COMMON STOCK — 99.92%
% of 
U.S. Dollar
Cement — 3.88%
Net Assets
Value
 
1,267,996
shs.
Asia Cement Corp.
1.63
    
$2,208,214
 
1,872,726
  
Taiwan  Cement Corp.
2.25
    
3,060,740
 
5,268,954
Chemicals — 0.40%
  
 
394,352
  
Eternal Chemical Co., Ltd.
0.40
    
544,342
   
Communications Equipment — 0.84%
  
 
222,129
  
D-Link Corp.
0.41
    
550,682
 
104,913
  
Gemtek Technology Corp.
0.19
    
263,302
 
182,580
  
Zyxel Communications Corp.
0.24
    
327,463
 
1,141,447
Computer Peripherals/ODM — 5.08%
  
 
366,000
*
Foxconn International Holdings, Ltd.
0.76
    
1,027,957
 
98,384
  
High Tech Computer Corp.
1.06
    
1,440,845
 
1,414,600
  
Lite-on Technology Corp.
1.63
    
2,208,080
 
919,943
  
Mitac International Corp.
0.94
    
1,281,101
 
1,065,337
*
Qisda Corp.
0.40
    
542,890
 
188,469
  
Teco Image Systems Co., Ltd.
0.29
    
386,479
 
6,887,352
Computer Systems & Hardware — 18.12%
  
 
440,839
  
Acer Inc.
0.57
    
775,816
 
102,411
  
Advantech Co., Ltd.
0.22
    
303,099
 
2,116,544
  
Asustek Computer Inc.
4.74
    
6,432,615
 
366,318
  
Compal Electronics Inc.
0.31
    
413,710
 
1,802,549
  
Hon Hai Precision Industry Co., Ltd.
10.00
    
13,571,666
 
479,850
  
Inventec Co., Ltd.
0.22
    
299,603
 
774,193
  
Quanta Computer Inc.
0.90
    
1,215,563
 
873,357
  
Wistron Corp.
1.16
    
1,577,084
 
24,589,156
Electrical & Machinery — 0.82%
  
 
549,000
  
Teco Electric & Machinery Co., Ltd.
0.24
    
323,455
 
1,581,837
  
Walsin Lihwa Corp.
0.58
    
784,310
 
1,107,765
Electronic Components — 13.38%
  
 
161,191
  
A-DATA Technology Co., Ltd.
0.30
    
413,424
 
458,433
  
Catcher Technology Co., Ltd.
2.45
    
3,332,349
 
1,324,245
  
Delta Electronics Inc.
3.79
    
5,127,077
 
97,841
  
Epistar Corp.
0.35
    
476,134
 
346,143
  
Foxconn Technology Co., Ltd.
2.95
    
4,004,593
 
99,000
  
Kinsus Interconnect Technology Corp.
0.25
    
337,848
 
95,727
  
Merry Electronics Co., Ltd.
0.28
    
380,880
 
23,253
  
Motech Industry Co., Ltd.
0.19
    
252,649
 
131,250
  
Shin Zu Shing Co., Ltd.
0.73
    
996,235
 
247,380
  
Tripod Technology Corp.
0.74
    
1,006,995
 
623,820
  
Unimicron Technology Corp.
0.84
    
1,139,842
 
1,667,000
  
Yageo Corp.
0.51
    
693,882
 
18,161,908
Electronics/Other — 1.33%
  
 
643,650
  
Synnex Technology International Corp.
1.33
    
            1,802,527
   
Flat-Panel Displays — 7.72%
  
 
2,663,132
  
AU Optronics Corp.
3.38
    
            4,588,937
 
922,664
  
Chi Mei Optoelectronics Corp.
0.79
    
            1,070,271
 
4,461,951
*
Chunghwa Picture Tubes, Ltd. (a)
0.94
    
            1,270,044
 
827,712
  
Innolux Display Corp. (a)
2.61
    
            3,546,649
 
          10,475,901
Food — 4.47%
    
 
1,548,000
 
Tingyi (Cayman Islands) Holdings Corp. (a)
1.74
    
2,353,372
 
2,423,560
  
Uni-President Enterprise Corp.
2.73
    
3,708,812
 
6,062,184
Glass, Paper & Pulp — 0.77%
  
 
674,208
  
Taiwan Glass Ind. Corp.
0.54
    
734,607
 
661,617
  
Yuen Foong Yu Paper Manufacturing Co., Ltd.
0.23
    
307,795
     
1,042,402
Plastics — 12.22%
      
 
1,390,299
  
Formosa Chemicals & Fiber Corp.
2.62
    
3,553,086
 
1,122,983
  
Formosa Plastics Corp.
2.33
    
3,162,074
 
3,795,319
  
Nan Ya Plastics Corp.
7.27
    
9,873,661
     
16,588,821
Retailing — 0.19%
      
 
89,512
  
President Chain Store Corp.
0.19
    
251,224
       
Rubber — 1.90%
      
 
1,138,415
  
Cheng Shin Rubber Ind. Co., Ltd.
1.90
    
2,578,359
       
Semiconductors — 18.37%
      
 
2,997,704
  
Advanced Semiconductor Engineering Inc.
2.42
    
3,284,602
 
513,040
  
Inotera Memories Inc.
0.38
    
517,389
 
559,320
  
MediaTek Inc.
7.42
    
10,065,808
 
125,197
  
Novatek Microelectronics Corp. (a)
0.40
    
544,118
 
457,341
  
Powerchip Semiconductor Corp. (a)
0.17
    
226,760
 
74,750
  
Powertech Technology Inc.
0.22
    
300,849
 
1,133,000
  
ProMOS Technologies Inc. (a)
0.25
    
346,769
 
74,025
  
Realtek Semiconductor Corp.
0.25
    
335,314
 
526,518
  
Siliconware Precision Industries Co., Ltd.
0.87
    
1,184,436
 
3,152,526
  
Taiwan Semiconductor Manufacturing Co., Ltd.
4.52
    
6,136,585
 
3,387,861
  
United Microelectronics Corp.
1.47
    
1,990,847
     
24,933,477
Steel — 5.08%
      
 
4,732,933
  
China Steel Corp.
5.08
    
6,895,223
       
Textiles — 1.11%
      
 
1,121,170
  
Far Eastern Textile, Ltd.
1.11
    
1,504,707
       
Transportation — 1.34%
 
342,000
  
U-Ming Marine Transport Corp.
0.82
    
1,120,007
 
875,162
  
Yang Ming Marine Transport Corp.
0.52
    
703,119
     
1,823,126
Other — 2.90%
 
134,000
  
Giant Manufacturing Co., Ltd.
0.25
    
               347,786
 
115,530
  
Johnson Health Tech Co., Ltd.
0.32
    
               431,386
 
569,000
  
Merida Industry Co., Ltd.
0.95
    
            1,288,709
 
1,078,350
  
Pou Chen Corp.
0.79
    
            1,075,941
 
184,000
  
Yue Yuen Industrial Holdings, Ltd.
0.41
    
               552,346
 
149,000
  
Yung Chi Paint & Varnish Manufacturing Co., Ltd.
0.18
    
               244,434
     
            3,940,602
 
TOTAL COMMON STOCK (COST $90,305,766)
    
135,599,477
 
SHORT-TERM SECURITIES — 3.54%†
        
Time Deposit — 0.11%
    
Wells Fargo—Grand Cayman, 4.47%, Due 10/01/07
0.11
    
$157,829
         
Mutual Fund ― 3.43%
        
AIM Prime Portfolio, 5.08212% ‡
3.43
    
4,648,400
         
TOTAL SHORT-TERM SECURITIES
      
4,806,229
       (COST $4,806,229)
        
         
TOTAL INVESTMENTS IN SECURITIES AT FAIR VALUE
103.46
    
140,405,706
       (COST $95,111,995)
          
         
LIABILITIES (NET OF OTHER ASSETS)
(3.46)
    
(4,692,646)
         
NET ASSETS
100.00
    
$135,713,060
         
 
At September 30, 2007, 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, 2007, the unrealized appreciation of $45,293,711 for financial reporting purposes consisted of $47,925,773 of gross unrealized appreciation and $2,632,062 of gross unrealized depreciation.
                   
                   
*     Non-income producing: These stocks did not pay a cash dividend during the past year.
(a)   All or a portion of the security is out on loan.
†     Inclusive of all short-term holdings, including collateral received from securities lending activities.
       Not including such collateral, the percentage of portfolio holdings would be 0.11%.
‡     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: November 8, 2007
 
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: November 8, 2007