Taiwan Greater China Fund 03/31/2007 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, 2007
Date of reporting period: March 31, 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) / March 31, 2007
 
COMMON STOCK — 99.92%
% of
  
U.S. Dollar
Cement — 2.73%
Net Assets
  
Value
 
1,430,960
shs.
Asia Cement Corp.
1.25
  
$1,383,844
 
1,943,185
  
Taiwan Cement Corp.
1.48
  
1,638,431
 
3,022,275
Chemicals — 1.09%
  
 
714,100
  
Eternal Chemical Co., Ltd.
1.09
  
1,204,212
 
Communications Equipment — 0.36%
 
227,774
  
D-Link Corp.
0.36
  
399,936
   
Computer Peripherals/ODM — 5.71%
 
1,116,337
*
BenQ Corp.
0.40
  
445,327
 
384,000
*
Foxconn International Holdings, Ltd.
1.06
  
1,169,526
 
79,680
  
High Tech Computer Corp.
1.11
  
1,228,087
 
1,830,119
  
Lite-on Technology Corp.
2.14
  
2,364,423
 
996,411
  
Mitac International Corp.
1.00
  
1,106,638
 
6,314,001
Computer Systems & Hardware — 18.28%
 
591,325
  
Acer Inc.
1.03
  
1,134,775
 
76,528
  
Advantech Co., Ltd.
0.22
  
245,152
 
1,965,060
  
Asustek Computer Inc.
4.19
  
4,632,124
 
700,496
  
Compal Electronics Inc.
0.53
  
592,753
 
1,807,291
  
Hon Hai Precision Industry Co., Ltd.
10.96
  
12,125,254
 
673,013
  
Quanta Computer Inc.
0.93
  
1,027,128
 
1,093,000
*
Tatung Co., Ltd.
0.42
  
462,443
 
20,219,629
Electrical & Machinery — 2.02%
 
565,000
  
Fu Sheng Industrial Co., Ltd.
0.50
  
549,812
 
575,000
  
Teco Electric & Machinery Co., Ltd.
0.26
  
291,936
 
2,709,837
*
Walsin Lihwa Corp.
1.26
  
1,388,106
 
2,229,854
Electronic Components — 16.04%
 
147,000
  
A-DATA Technology Co., Ltd.
0.55
  
608,622
 
333,641
  
Catcher Technology Co., Ltd.
2.37
  
2,621,577
 
205,513
  
Cheng Uei Precision Industry Co., Ltd.
0.65
  
714,245
 
1,468,186
  
Delta Electronics Inc.
4.29
  
4,747,606
 
481,690
  
Foxconn Technology Co., Ltd.
4.94
  
5,466,223
 
29,993
  
Largan Precision Co., Ltd.
0.40
  
436,441
 
87,079
  
Merry Electronics Co., Ltd.
0.27
  
294,741
 
19,178
  
Motech Industry Co., Ltd.
0.24
  
267,186
 
94,000
  
Nan Ya Printed Circuit Board Corp.
0.56
  
622,131
 
110,000
  
Shin Zu Shing Co., Ltd.
0.64
  
708,080
 
629,000
  
Wintek Corp.
0.48
  
535,105
 
1,747,000
*
Yageo Corp.
0.65
  
712,749
 
17,734,706
Flat-Panel Displays — 5.87%
 
3,237,148
  
AU Optronics Corp.
4.18
  
4,627,362
 
930,177
  
Chi Mei Optoelectronics Corp.
0.88
  
969,827
 
4,676,951
*
Chunghwa Picture Tubes, Ltd.
0.81
  
894,698
 
6,491,887
 
TAIWAN GREATER CHINA FUND
Schedule of Investments (Continued) (Unaudited) / March 31, 2007
 
% of
  
U.S. Dollar
Food — 3.45%
Net Assets
  
Value
 
1,408,000
shs.
Tingyi (Cayman Islands) Holdings Corp.
1.22
  
$1,353,145
 
2,569,000
  
Uni-President Enterprise Corp.
2.23
  
2,461,122
 
3,814,267
Glass, Paper & Pulp — 0.93%
 
645,154
  
Taiwan Glass Ind. Corp.
0.48
  
531,300
 
1,234,067
  
Yuen Foong Yu Paper Manufacturing Co., Ltd.
0.45
  
496,021
 
1,027,321
Plastics — 10.11%
 
1,457,299
  
Formosa Chemicals & Fiber Corp.
2.53
  
2,796,612
 
1,176,983
  
Formosa Plastics Corp.
2.02
  
2,233,776
 
3,279,319
  
Nan Ya Plastics Corp.
5.56
  
6,144,480
 
11,174,868
Retailing — 0.40%
 
179,512
  
President Chain Store Corp.
0.40
  
439,429
 
Rubber — 1.13%
 
1,334,940
  
Cheng Shin Rubber Ind. Co., Ltd.
1.13
  
1,246,608
 
Semiconductors — 16.57%
 
1,680,304
*
Advanced Semiconductor Engineering Inc.
1.80
  
1,993,138
 
218,400
  
MediaTek Inc.
2.27
  
2,508,107
 
128,743
  
Novatek Microelectronics Corp.
0.50
  
556,377
 
436,318
  
Powerchip Semiconductor Corp.
0.24
  
261,083
 
333,000
  
Realtek Semiconductor Corp.
0.66
  
731,625
 
616,332
  
Siliconware Precision Industries Co., Ltd.
1.05
  
1,154,825
 
4,156,746
  
Taiwan Semiconductor Manufacturing Co., Ltd.
7.71
  
8,529,686
 
4,481,861
  
United Microelectronics Corp.
2.34
  
2,587,030
 
18,321,871
Steel — 8.03%
 
7,876,149
  
China Steel Corp.
  
8.03
  
8,878,356
   
Textiles — 0.98%
  
 
1,258,515
  
Far Eastern Textile Ltd.
0.98
  
1,083,960
 
Transportation — 0.78%
          
 
231,052
*
China Airlines Ltd.
0.09
  
102,994
 
258,471
  
Eva Airways Corp.
0.10
  
104,671
 
180,706
  
Evergreen Marine Corp. (Taiwan), Ltd.
0.11
  
115,230
 
169,000
  
U-Ming Marine Transport Corp.
0.25
  
280,905
 
185,572
  
Wan Hai Lines Ltd.
0.11
  
123,941
 
198,227
  
Yang Ming Marine Transport Corp.
0.12
  
136,586
864,327
Other — 5.44%
 
343,000
  
Giant Manufacturing Co., Ltd.
0.48
  
531,767
 
293,275
  
Johnson Health Tech Co., Ltd.
1.96
  
2,171,455
 
293,000
  
Merida Industry Co., Ltd.
0.31
  
339,138
 
289,519
  
Nien Made Enterprise Co., Ltd.
0.24
  
270,362
 
1,653,345
  
Pou Chen Corp.
1.60
  
1,768,791
 
193,000
  
Yue Yuen Industrial Holdings, Ltd.
0.59
  
650,788
 
156,000
  
Yung Chi Paint & Varnish Manufacturing Co., Ltd.
0.26
  
285,226
 
6,017,527
TOTAL COMMON STOCK (COST $85,637,508)
110,485,034
TAIWAN GREATER CHINA FUND
Schedule of Investments (Continued) (Unaudited) / March 31, 2007
 
 
SHORT-TERM SECURITIES — 0.05%
% of
 
U.S. Dollar
Time Deposit — 0.05%
Net Assets
Value
Brown Brothers Harriman—Grand Cayman, 4.79%, Due 04/02/07
0.05
  
$60,773
 
TOTAL INVESTMENTS IN SECURITIES AT FAIR VALUE
99.97
  
110,545,807
(COST $85,698,281)
  
 
OTHER ASSETS (LESS LIABILITIES)
  
0.03
 
31,807
 
NET ASSETS
 
100.00
  
$110,577,614
 
 
 
 
At March 31, 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 March 31, 2007, the unrealized appreciation of $24,847,526 for financial reporting purposes consisted of $29,088,719 of gross unrealized appreciation and $4,241,193 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/ Steven R. Champion
Name: Steven R. Champion
Title: Chief Executive Officer and President
 

 
Date: May 11, 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: May 11, 2007