Company: CAF
Filing Date: 2025-03-06
Form Type: N-CSR
Source: 0001104659-25-021323
Chunk: 3

Company: Morgan Stanley China A Share Fund, Inc.
Filing Date: 2025-03-06
Form: N-CSR
Chunk 3
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 corporate governance and financial strength.

Sincerely,

John H. Gernon
President and Principal Executive Officer January 2025

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Morgan Stanley China A Share Fund, Inc.

December 31, 2024

Performance Summary (unaudited)

Performance of $10,000 Investment as of December 31, 2024
Over 10 Years

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Morgan Stanley China A Share Fund, Inc.

December 31, 2024

Average Annual Total Returns as of December 31, 2024 (1)(unaudited)

|                                |     | One Year |       |   |     | Five Years |       |   |     | Ten Years |      |   |
| NAV                            |     |          |  8.21 | % |     |            | -4.92 | % |     |           | 1.64 | % |
| Market price                   |     |          |  0.36 | % |     |            | -6.91 | % |     |           | 0.66 | % |
| MSCI China A Onshore Index(2)​ |     |          | 11.59 | % |     |            |  0.89 | % |     |           | 0.03 | % |
| China Blended Index(3)​        |     |          | 13.19 | % |     |            |  0.18 | % |     |           | 0.58 | % |

Performance data quoted on the graph and table represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Performance assumes that all dividends and distributions, if any, were reinvested at prices obtained under the Fund's dividend reinvestment plan. For the most recent month-end performance figures, please visit www.morganstanley.com/im/closedendfundsshareholderreports. Investment returns and principal value will fluctuate so that Fund shares, when sold, may be worth more or less than their original cost. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the sale of fund shares. Total return, market price, NAV, market price distribution rate, and NAV distribution rate will fluctuate with changes in market conditions. The Fund's total returns are based upon the