Company: CAF
Filing Date: 2025-08-26
Form Type: N-CSRS
Source: 0001104659-25-082944
Chunk: 0

Company: Morgan Stanley China A Share Fund, Inc.
Filing Date: 2025-08-26
Form: N-CSRS
Chunk 0
---
<div align='center'>UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-21926

Morgan Stanley China A Share Fund, Inc.

(Exact Name of Registrant
as Specified in Charter)

1585 Broadway, New York, New York 10036

(Address of Principal Executive Offices)

John H. Gernon

1585 Broadway, New York, New York 10036

(Name and Address of Agent for Services)

(212) 672-1886

(Registrant’s Telephone Number)

December 31

Date of Fiscal Year End

June 30, 2025

Date of Reporting Period</div>

Item 1. Reports to Stockholders

| (a) |

Morgan Stanley Investment Management Inc.
Adviser

Morgan Stanley China A Share Fund, Inc. NYSE: CAF

Semi-Annual Report

June 30, 2025

Morgan Stanley China A Share Fund, Inc.

June 30, 2025 (unaudited)

Table of Contents

| Performance Summary                    |     |          3 |
| Portfolio of Investments               |     |          4 |
| Statement of Assets and Liabilities    |     |          7 |
| Statement of Operations                |     |          8 |
| Statements of Changes in Net Assets    |     |          9 |
| Financial Highlights                   |     |         10 |
| Notes to Financial Statements          |     |         11 |
| Investment Advisory Agreement Approval |     |         20 |
| Portfolio Management                   |     |         23 |
| Investment Policy                      |     |         24 |
| Dividend Reinvestment Plan             |     |         34 |
| Important Notices                      |     |         35 |
| U.S. Customer Privacy Notice           |     |         36 |
| Directors and Officers Information     |     | Back Cover |

<div align='center'>2</div>

Morgan Stanley China A Share Fund, Inc.

June 30, 2025 (unaudited)

Performance Summary

Average Annual Total Returns as of June 30, 2025

|                                |     | 6 Month* |       |   |     | One Year |       |   |     | Five Years |       |   |     | Ten