TFC 09/30/05 Form N-Q
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, 2005
Date of reporting period: September 30, 2005


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, 2005
COMMON STOCKS — 99.05%
% of
U.S. Dollar
Automobile — 1.48%
Net Assets
Value
399,030
shs.
China Motor Corp.
0.33
$ 339,094
101,000
  
Hotai Motor Co., Ltd.
0.25
264,792
169,528
  
Tong Yang Industry Co., Ltd.
0.20
203,324
316,960
  
TYC Brother Industrial Co., Ltd.
0.18
192,462
18,073
  
Yulon Motor Co., Ltd.
0.02
18,081
135,000
  
Yulon Nissan Motor Co., Ltd.
0.50
524,793
 
1,542,546
Cement — 2.00%
1,511,297
  
Asia Cement Corporation
0.81
842,532
1,977,454
  
Taiwan Cement Corp.
1.19
1,248,404
 
2,090,936
Chemicals — 0.49%
869,000
  
Eternal Chemical Co., Ltd.
0.49
510,645
 
Communications Equipment — 2.09%
976,522
  
D-Link Corp.
0.97
1,012,291
563,673
  
Zyxel Communications Corp.
1.12
1,172,036
 
2,184,327
Computer Peripherals/ODM — 9.27%
2,955,337
  
BenQ Corp.
2.46
2,564,863
74,400
  
High Tech Computer Corp.
0.87
906,893
3,198,006
  
Lite-on Technology Corp.
3.42
3,570,526
1,175,000
  
Mitac International Corp.
1.71
1,784,568
575,976
  
Premier Image Technology Corp.
0.81
845,275
 
9,672,125
Computer Systems & Hardware — 20.00%
775,162
  
Acer Inc.
1.48
1,541,705
114,578
  
Advantech Co., Ltd..
0.27
286,579
2,173,600
  
Asustek Computer Inc.
5.59
5,829,541
1,048,364
  
Compal Electronics Inc.
0.99
1,034,637
9,447
  
Giga-Byte Technology Co., Ltd.
0.01
8,839
2,346,602
  
Hon Hai Precision Industry Co., Ltd.
10.47
10,925,282
23,000
  
Inventec Corp.
0.01
11,159
748,380
  
Quanta Computer Inc.
1.18
1,226,834
 
20,864,576
Electrical & Machinery — 1.46%
5,115,837
  
Walsin Lihwa Corp.
1.46
1,518,510
 
Electronic Components — 8.99%
221,363
  
Career Technology (MFG.) Co., Ltd.
0.26
265,493
148,725
  
Catcher Technology Co., Ltd.
1.03
1,077,864
439,368
  
Delta Electronics Inc.
0.72
750,717
589,600
  
Foxconn Technology Co., Ltd.
2.37
2,469,659
106,470
  
Largan Precision Co., Ltd.
0.91
952,902
101,909
  
Merry Electronics Co., Ltd.
0.24
248,750
259,616
  
Tripod Technology Corp.
0.52
544,510
1,239,000
  
Wintek Corp.
1.91
1,993,780
21,209
  
Wus Printed Circuit Co., Ltd.
0.01
7,254
3,141,000
*
Yageo Corp.
1.02
1,064,842
 
9,375,771
 
TAIWAN GREATER CHINA FUND
Schedule of Investments (Unaudited) / September 30, 2005
Electronics — 0.04%
33,000
shs.
Synnex Technology International Corp.
0.04
$ 42,612
 
Flat-Panel Displays — 9.18%
5,008,260
  
AU Optronics Corp.
6.22
6,489,632
1,469,322
  
Chi Mei Optoelectronics Corp.
1.55
1,622,765
3,944,951
  
Chunghwa Picture Tubes, Ltd.
1.09
1,135,298
906,795
  
Quanta Display Inc.
0.32
329,277
 
9,576,972
Food — 1.48%
3,829,000
  
Uni-President Enterprise Corp.
1.48
1,540,392
 
Glass, Paper & Pulp — 0.48%
421,476
  
Taiwan Glass Ind. Corporation
0.30
312,444
522,225
  
Yuen Foong Yu Paper Manufacturing Co., Ltd.
0.18
184,123
 
496,567
Plastics — 9.94%
3,002,252
  
Formosa Chemicals & Fiber Corp.
4.34
4,532,623
1,916,198
  
Formosa Plastics Corp.
2.69
2,806,347
2,306,475
  
Nan Ya Plastics Corp.
2.66
2,776,708
543,420
  
Taiwan Styrene Monomer Corp.
0.25
257,099
 
10,372,777
Retailing — 0.41%
227,512
  
President Chain Store Corp.
0.41
425,070
 
Rubber — 1.31%
1,669,608
  
Cheng Shin Rubber Ind. Co., Ltd.
1.31
1,360,964
 
Semiconductors — 16.79%
1,443,304
  
Advanced Semiconductor Engineering, Inc.
0.93
974,250
208,000
  
MediaTek Inc.
1.88
1,961,880
106,007
  
Novatek Microelectronics Corp.
0.44
463,199
845,000
  
Powerchip Semiconductor Corp.
0.45
471,078
714,959
  
Siliconware Precision Industries Co., Ltd.
0.69
721,756
179,069
  
Sunplus Technology Co., Ltd.
0.16
164,043
4,856,832
  
Taiwan Semiconductor Manufacturing Co., Ltd.
7.48
7,800,905
7,730,011
  
United Microelectronics Corp.
4.76
4,961,631
 
17,518,742
Steel & Other Metals — 5.81%
6,085,323
  
China Steel Corp.
5.20
5,428,003
1,521,550
  
Yieh Phui Enterprise Co., Ltd.
0.61
630,454
 
6,058,457
Textiles — 0.51%
873,996
  
Far Eastern Textile Ltd.
0.51
528,066
 
Transportation — 2.72%
813,947
  
China Airlines Ltd.
0.36
375,277
688,287
  
Eva Airways Corp.
0.26
272,747
1,284,380
  
Evergreen Marine Corp. (Taiwan) Ltd.
0.80
830,205
475,248
  
Wan Hai Lines Ltd.
0.33
348,010
1,604,227
  
Yang Ming Marine Transport Corp.
0.97
1,015,196
 
2,841,435
 
TAIWAN GREATER CHINA FUND
Schedule of Investments (Unaudited) / September 30, 2005
Other — 4.60%
963,000
shs.
Giant Manufacturing Co., Ltd.
1.55
$ 1,619,292
602,000
  
Great China Metal Industry Co., Ltd.
0.24
248,532
84,000
  
Johnson Health Tech Co., Ltd.
0.30
308,819
372,000
  
Merida Industry Co., Ltd.
0.24
250,545
226,864
  
Nien Made Enterprise Co., Ltd.
0.24
251,923
2,573,193
  
Pou Chen Corp.
  
1.60
1,667,153
282,800
  
Taiwan Fu Hsing Industrial Co., Ltd.
0.30
312,333
262,533
  
Taiwan Hon Chuan Enterprise Co., Ltd.
0.13
138,448
 
4,797,045
   
TOTAL COMMON STOCK (COST $104,081,068)
103,318,535
 
SHORT-TERM SECURITIES — 0.10%
Time Deposit — 0.10%
Citibank, 3.3100%, Due 10/03/05
0.10
  
110,097
 
TOTAL INVESTMENTS IN SECURITIES AT MARKET VALUE
99.15
  
103,428,632
(COST $104,191,165)
 
OTHER ASSETS (LESS LIABILITIES)
0.85
  
882,698
 
NET ASSETS
100.00
  
$ 104,311,330
 
 
 
At September 30, 2005, 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, 2005, the unrealized depreciation of $762,533 for financial reporting purposes consisted of $10,818,940 of gross unrealized appreciation and $11,581,473 of gross unrealized depreciation.
* Non-income producing: This stock did not pay a cash dividend over 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/ Steven R. Champion  
Name: Steven R. Champion
Title: Chief Executive Officer and President
 

 
Date: November 10, 2005
 
 
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 10, 2005