GCH Aberdeen Greater China Fund, Inc. (delisted)

The Greater China Fund, Inc. (the "Fund") (NYSE: GCH), a closed-end, non-diversified management investment company seeking long-term capital appreciation, today announced its investment results for the third quarter and nine months ended September 30, 2006. At September 30, 2006� 2005� Net Assets $344,427,005� $236,378,866� Shares Outstanding 16,795,188� 12,597,503� Net Asset Value ("NAV") $20.51� $18.76� Market Price $18.96� $16.73� Discount to NAV (7.56)% (10.82)% � Quarter Ended September 30, 2006� 2005� Net Investment Income $878,175� $857,083� Per Share $0.05� $0.07� Net Realized and Unrealized Gain $32,945,148� $4,745,906� Per Share $1.96� $0.38� � Nine Months Ended September 30, 2006� 2005� Net Investment Income $2,731,200� $3,058,544� Per Share $0.16� $0.24� Net Realized and Unrealized Gain $91,136,597� $16,885,935� Per Share $5.43� $1.34� Allocation of Net Assets Top Ten Equity Holdings Representing 32.9% of net assets Equities: -� Foxconn International Holding Ltd. Hong Kong 31.0% -� Guangzhou R&F Properties Co. Ltd. "H" China 62.7% -� Zijin Mining Group Co. Ltd. "H" Taiwan 4.9% -� China Life Insurance Co. Ltd. "H" 98.6% -� Hon Hai Precision Industry Co. Ltd. Investment Company 1.5% -� Parkson Retail Group Ltd. Short-Term Investment 0.5% -� China Overseas Land & Investment Ltd. 100.6% -� Jiangxi Copper Co. Ltd. "H" Liabilities, in excess of cash and other assets (0.6)% -� PetroChina Co. Ltd. "H" Net Assets 100.0% -� China Merchants Bank Co. Ltd. "H" The Fund's investment manager is Baring Asset Management (Asia) Limited. The Greater China Fund, Inc. (the "Fund") (NYSE: GCH), a closed-end, non-diversified management investment company seeking long-term capital appreciation, today announced its investment results for the third quarter and nine months ended September 30, 2006. -0- *T At September 30, -------------------------------- 2006 2005 --------------- --------------- Net Assets $344,427,005 $236,378,866 Shares Outstanding 16,795,188 12,597,503 Net Asset Value ("NAV") $20.51 $18.76 Market Price $18.96 $16.73 Discount to NAV (7.56)% (10.82)% Quarter Ended September 30, -------------------------------- 2006 2005 --------------- --------------- Net Investment Income $878,175 $857,083 Per Share $0.05 $0.07 Net Realized and Unrealized Gain $32,945,148 $4,745,906 Per Share $1.96 $0.38 Nine Months Ended September 30, -------------------------------- 2006 2005 --------------- --------------- Net Investment Income $2,731,200 $3,058,544 Per Share $0.16 $0.24 Net Realized and Unrealized Gain $91,136,597 $16,885,935 Per Share $5.43 $1.34 *T -0- *T Allocation of Net Assets Top Ten Equity Holdings ----------------------------- ------------------------------------ Representing 32.9% of net assets Equities: - Foxconn International Holding Ltd. Hong Kong - Guangzhou R&F Properties Co. Ltd. 31.0% "H" China 62.7% - Zijin Mining Group Co. Ltd. "H" Taiwan 4.9% - China Life Insurance Co. Ltd. "H" ------ - Hon Hai Precision Industry Co. 98.6% Ltd. Investment Company 1.5% - Parkson Retail Group Ltd. Short-Term Investment 0.5% - China Overseas Land & Investment Ltd. ------ 100.6% - Jiangxi Copper Co. Ltd. "H" Liabilities, in excess - PetroChina Co. Ltd. "H" of cash and other assets (0.6)% ------ Net Assets 100.0% - China Merchants Bank Co. Ltd. "H" ====== *T The Fund's investment manager is Baring Asset Management (Asia) Limited.