Company: CAF
Filing Date: 2025-08-26
Form Type: N-CSRS
Source: 0001104659-25-082944
Chunk: 2

Company: Morgan Stanley China A Share Fund, Inc.
Filing Date: 2025-08-26
Form: N-CSRS
Chunk 2
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 Note A-1 within the Notes to Financial Statements. (c) At June 30, 2025, the aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. The aggregate gross unrealized appreciation is approximately $27,464,000 and the aggregate gross unrealized depreciation is approximately $8,100,000, resulting in net unrealized appreciation of approximately $19,364,000.

<div align='center'>The accompanying notes are an integral part of the financial statements.

5</div>

Morgan Stanley China A Share Fund, Inc.

June 30, 2025 (unaudited)

Portfolio of Investments (cont'd)

Portfolio Composition

| Classification                                      |     | Percentage of     
 Total Investments |       |   |
| Other*                                              |     |                   |  43.1 | % |
| Banks                                               |     |                   |  16.8 |   |
| Semiconductors & Semiconductor Equipment            |     |                   |   8.0 |   |
| Machinery                                           |     |                   |   7.9 |   |
| Beverages                                           |     |                   |   6.8 |   |
| Electrical Equipment                                |     |                   |   6.2 |   |
| Household Durables                                  |     |                   |   5.8 |   |
| Independent Power & Renewable Electricity Producers |     |                   |   5.4 |   |
| Total Investments                                   |     |                   | 100.0 | % |

* Industries and/or investment types representing less than 5% of total investments.

<div align='center'>The accompanying notes are an integral part of the financial statements.

6</div>

Morgan Stanley China A Share Fund, Inc.

June 30, 2025 (unaudited)

Financial Statements

| Statement of Assets and Liabilities                                                                  
 Assets:                                                                                              |     | June 30, 2025 
 (000)         |          |   |
|:-----------------------------------------------------------------------------------------------------|:----|:--------------|---------:|:--|
| Investments in Securities of Unaffiliated Issuers, at Value (Cost $245,791)                          |     | $             |  265,155 |   |
| Investment in Security of Affiliated Issuer, at Value (Cost $899)                                    |     |               |      899 |   |
| Total Investments in Securities, at Value (Cost $246,690)                                            |     |               |