Company: CAF
Filing Date: 2025-03-06
Form Type: N-CSR
Source: 0001104659-25-021323
Chunk: 0

Company: Morgan Stanley China A Share Fund, Inc.
Filing Date: 2025-03-06
Form: N-CSR
Chunk 0
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<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

December 31, 2024

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

Annual Report
December 31, 2024

Morgan Stanley China A Share Fund, Inc.

December 31, 2024

Table of Contents (unaudited)

| Letter to Stockholders                                  |     |  3 |
| Performance Summary                                     |     |  6 |
| Portfolio of Investments                                |     |  8 |
| Statement of Assets and Liabilities                     |     | 10 |
| Statement of Operations                                 |     | 11 |
| Statements of Changes in Net Assets                     |     | 12 |
| Financial Highlights                                    |     | 13 |
| Notes to Financial Statements                           |     | 14 |
| Report of Independent Registered Public Accounting Firm |     | 24 |
| Portfolio Management                                    |     | 25 |
| Investment Policy                                       |     | 26 |
| Principal Risks                                         |     | 43 |
| Additional Information Regarding the Fund               |     | 65 |
| Dividend Reinvestment Plan                              |     | 67 |
| Potential Conflicts of Interest                         |     | 68 |
| Recent Changes                                          |     | 81 |
| Important Notices                                       |     | 82 |
| U.S. Customer Privacy Notice                            |     | 83 |
| Directors and Officers Information                      |     | 86 |

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

Morgan Stanley China A Share Fund, Inc.

December 31, 2024

Letter to Stockholders (unaudited