Taiwan Greater China Fund 03/31/06 Form NQ
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: March 31, 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.















TAIWAN GREATER CHINA FUND
 
 
 
Schedule of Investments (Unaudited) / March 31, 2006
 
 
 
                 
                 
COMMON STOCK — 100.09%
    
% of
 
U.S. Dollar
Automobile — 1.27%
 
 
 
 
Net Assets
 
Value
 
360,030
shs.
China Motor Corp.
  
0.34
  
$ 366,025
 
91,000
  
Hotai Motor Co., Ltd.
  
0.18
  
187,834
 
152,528
  
Tong Yang Industry Co., Ltd.
0.18
  
192,425
 
285,960
  
TYC Brother Industrial Co., Ltd.
0.17
  
186,767
 
122,000
  
Yulon Nissan Motor Co., Ltd.
0.40
  
428,472
               
1,361,523
Cement — 2.17%
 
 
 
 
 
 
 
 
1,363,297
  
Asia Cement Corporation
0.89
  
957,599
 
1,783,454
  
Taiwan Cement Corp.
  
1.28
  
1,373,599
               
2,331,198
Chemicals — 0.88%
 
 
 
 
 
 
 
 
784,000
  
Eternal Chemical Co., Ltd.
0.88
  
941,974
                 
Communications Equipment — 1.36%
 
 
 
 
 
 
 
704,522
  
D-Link Corp.
  
0.69
  
743,384
 
431,673
  
Zyxel Communications Corp.
0.67
  
722,126
               
1,465,510
Computer Peripherals/ODM — 10.14%
 
 
 
 
 
 
2,665,337
  
BenQ Corp.
    
2.06
  
2,212,937
 
86,400
  
High Tech Computer Corp.
2.21
  
2,363,659
 
3,051,006
  
Lite-on Technology Corp.
3.95
  
4,229,741
 
1,060,000
  
Mitac International Corp.
1.27
  
1,358,493
 
519,976
  
Premier Image Technology Corp.
0.65
  
699,239
               
10,864,069
Computer Systems & Hardware — 19.66%
 
 
 
 
 
 
699,162
  
Acer Inc.
    
1.20
  
1,285,909
 
103,578
  
Advantech Co., Ltd.
  
0.27
  
286,870
 
1,960,600
  
Asustek Computer Inc.
  
4.96
  
5,315,325
 
945,364
  
Compal Electronics Inc.
  
0.90
  
965,475
 
1,953,602
  
Hon Hai Precision Industry Co., Ltd.
11.29
  
12,097,352
 
675,380
  
Quanta Computer Inc.
  
1.04
  
1,109,005
               
21,059,936
Electrical & Machinery — 1.06%
 
 
 
 
 
 
 
3,109,837
  
Walsin Lihwa Corp.
  
1.06
  
1,135,309
           
 
    
Electronic Components — 10.40%
 
 
 
 
 
 
 
133,725
  
Catcher Technology Co., Ltd.
1.12
  
1,202,967
 
396,368
  
Delta Electronics Inc.
  
0.86
  
921,942
 
531,600
  
Foxconn Technology Co., Ltd.
3.16
  
3,381,919
 
96,470
  
Largan Precision Co., Ltd.
1.46
  
1,566,250
 
91,909
  
Merry Electronics Co., Ltd.
0.28
  
294,476
 
221,000
  
Radiant Opto-Electronics Corp.
0.51
  
543,317
 
234,616
  
Tripod Technology Corp.
0.71
  
762,550
 
1,118,000
  
Wintek Corp.
  
1.43
  
1,532,710
 
2,419,000
*
Yageo Corp.
  
0.87
  
927,819
               
11,133,950
TAIWAN GREATER CHINA FUND (continued)
Schedule of Investments (Unaudited) / March 31, 2006
    
       
% of
 
U.S. Dollar
Flat-Panel Displays — 10.46%
      
Net Assets
  
Value
 
4,517,260
shs.
AU Optronics Corp.
  
6.34
  
$ 6,791,303
 
2,283,322
  
Chi Mei Optoelectronics Corp.
3.01
  
3,218,225
 
3,557,951
  
Chunghwa Picture Tubes, Ltd.
0.84
  
905,395
 
817,795
  
Quanta Display Inc.
  
0.27
  
285,956
               
11,200,879
Food — 1.23%
 
 
 
 
  
 
  
 
2,158,000
  
Uni-President Enterprise Corp.
1.23
  
1,316,360
                 
Glass, Paper & Pulp — 0.43%
 
 
 
 
 
 
 
380,476
  
Taiwan Glass Ind. Corp.
  
0.28
  
296,556
 
471,225
  
Yuen Foong Yu Paper Manufacturing Co., Ltd.
0.15
  
166,949
               
463,505
Plastics — 9.41%
 
 
 
 
 
 
 
 
3,048,252
  
Formosa Chemicals & Fiber Corp.
4.59
  
4,911,461
 
1,728,198
  
Formosa Plastics Corp.
  
2.52
  
2,694,029
 
1,659,475
  
Nan Ya Plastics Corp.
  
2.30
  
2,466,756
               
10,072,246
Retailing — 0.41%
 
 
 
 
 
 
 
 
205,512
  
President Chain Store Corp.
0.41
  
434,330
                 
Rubber — 1.03%
 
 
 
 
 
 
 
 
1,505,608
  
Cheng Shin Rubber Ind. Co., Ltd.
1.03
  
1,099,306
                 
Semiconductors — 17.03%
 
 
 
 
 
 
 
1,302,304
  
Advanced Semiconductor Engineering, Inc.
1.15
  
1,231,711
 
227,000
  
MediaTek Inc.
  
2.45
  
2,625,996
 
133,007
  
Novatek Microelectronics Corp.
0.88
  
944,504
 
762,000
  
Powerchip Semiconductor Corp.
0.42
  
446,033
 
644,959
  
Siliconware Precision Industries Co., Ltd.
0.78
  
839,493
 
4,258,832
  
Taiwan Semiconductor Manufacturing Co., td.
7.87
  
8,423,328
 
5,906,011
  
United Microelectronics Corp.
3.48
  
3,729,978
               
18,241,043
Steel — 5.31%
 
 
 
 
 
 
 
 
6,068,323
  
China Steel Corp.
  
5.31
  
5,683,298
           
 
    
Textiles — 0.52%
 
 
 
 
 
 
 
 
787,996
  
Far Eastern Textile Ltd.
  
0.52
  
552,285
                 
Transportation — 2.29%
 
 
 
 
 
 
 
 
733,947
  
China Airlines Ltd.
  
0.30
  
322,209
 
673,471
  
Eva Airways Corp.
  
0.24
  
255,201
 
1,158,380
  
Evergreen Marine Corp. (Taiwan) Ltd.
0.68
  
724,445
 
428,248
  
Wan Hai Lines Ltd.
  
0.25
  
265,185
 
1,447,227
  
Yang Ming Marine Transport Corp.
0.82
  
882,795
               
2,449,835
               
               
               
TAIWAN GREATER CHINA FUND (continued)
Schedule of Investments (Unaudited) / March 31, 2006
    
         
% of
 
U.S. Dollar
Other — 5.03%
        
Net Assets
  
Value
 
869,000
shs.
Giant Manufacturing Co., Ltd.
1.49
  
$ 1,590,246
 
176,000
  
Johnson Health Tech Co., Ltd.
0.82
  
881,098
 
336,000
  
Merida Industry Co., Ltd.
0.21
  
219,449
 
421,864
  
Nien Made Enterprise Co., Ltd.
0.49
  
527,013
 
2,321,193
  
Pou Chen Corp.
  
1.55
  
1,662,618
 
464,800
  
Taiwan Fu Hsing Industrial Co., Ltd.
0.47
  
501,894
               
5,382,318
                 
TOTAL COMMON STOCK (COST $94,665,821)
      
107,188,874
                 
SHORT-TERM SECURITIES — 0.34%
          
Time Deposit — 0.34%
 
 
 
 
  
 
  
Wells Fargo (Grand Cayman), 4.25%, Due 04/03/06
    
0.34
  
365,194
                 
TOTAL INVESTMENTS IN SECURITIES AT FAIR VALUE
 
100.43
  
107,554,068
(COST $95,031,015)
              
                 
LIABILITIES (NET OF OTHER ASSETS)
   
(0.43)
  
(459,293)
                 
NET ASSETS
       
100.00
  
$ 107,094,775
                 
                 
                 
At March 31, 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 March 31, 2006,
the unrealized appreciation of $12,523,053 for financial reporting purposes consisted of $20,344,454 of gross unrealized
appreciation and $7,821,401 of gross unrealized depreciation.
      


* Non-income producing: This stock 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/ Steven R. Champion  
Name: Steven R. Champion
Title: Chief Executive Officer and President
 

 
Date: May 12, 2006
 
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 12, 2006