|[X] |  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF =
      THE=20
      SECURITIES EXCHANGE ACT OF 1934
|--- |  | ---------------------------------------------------------------------------------------------------------
|    |  | For the period ended September 30, 2007 =                                                                
|    | 

Commission File Number 000-25997

China Holdings, Inc.
  (Exact Name of Small Business =
  Issuer as=20
  specified in its Charter)

|Nevada                                                                              |  | 91-1939533                               
|----------------------------------------------------------------------------------- |  | -----------------------------------------
|(State or other Jurisdiction of Incorporation =
        or=20
        Organization) |  | (I.R.S. Employer Identification Number) =
|                                                                                    |  |                                          
|78365 Hwy 111, Ste. 382 
        LaQuinta, CA =                                     |  | 92253                                    
|(Address of principal executive =
        offices)                                  |  | (Zip Code)                               
|                                                                                    |  |                                          

Former Name: Silver Bow Antique Aviation

Check whether the Issuer (1) filed all reports =
  required to be=20
  filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 =
  during the=20
  preceding 12 months (or for such shorter period that the Registrant was =
  required=20
  to file such reports) and (2) has been subject to such filing =
  requirements for=20
  the past 90 days.

|Yes | [X] | No
|--- | --- | --

Indicate the number of shares outstanding of each of =
  the=20
  issuer's classes of Common Equity, as of the latest practicable =
  date.

|Common Stock, no par value |  | 3,190,400                                                     
|-------------------------- |  | --------------------------------------------------------------
|Title of Class             |  | Number of Shares Oustanding at September 30, =
        2007=20
|No exhibits included.      | 

PART I

ITEM 1. Financial Information

Financial Statements

China Holdings, Inc.
  (A Development Stage =
  Company)
  BALANCE=20
  SHEET
  (Unaudited)

|ASSETS                                           |                                                                                                                           | September 30 , 2007       |           | December 31, 2006
|------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------- | ------------------------- | --------- | -----------------
|CURRENT ASSETS:                                  |                                                                                                                           |                           |           |                  
|                                                 | Deposit Cash/New Business Oper.                                                                                           | $                         | 0         | $                
|                                                 |                                                                                                                           | Total Current Assets      | $         | 0                
|FIXED ASSETS: (Note 3)                           |                                                                                                                           |                           |           |                  
|                                                 | Property/Equipment Less                                                                                                   | $                         | 0         | $                
|                                                 | Accumulated Depreciation                                                                                                  | <                         | 0         | $                
|                                                 |                                                                                                                           | Net Fixed Assets          | $         | 0                
|TOTAL ASSETS                                     | $                                                                                                                         | 0                         | $         | 0                
|LIABILITIES & SHAREHOLDERS' EQUITY =             |                                                                                                                           |                           |           |                  
|Current Liabilities: (Note 4)                    |                                                                                                                           |                           |           |                  
|                                                 | Misc. Accured Liabilities                                                                                                 | $                         | 0         | $                
|                                                 | Other Liabilities                                                                                                         |                           | 0         |                  
|                                                 |                                                                                                                           | Total current liabilities | $         | 0                
|LONG TERM LIABILITIES: (Note 5)                  | $                                                                                                                         | 176,321                   | $         | 176,321          
|                                                 | Net Total Long Term Liabilities                                                                                           | $                         | 0         | $                
|TOTAL LIABILITIES                                | $                                                                                                                         | 0                         | $         | 0                
|SHAREHOLDERS' EQUITY (NOTE 1)                    |                                                                                                                           |                           |           |                  
|                                                 | 1,000 shares authorized; -0-
      shares issued and=20
      outstanding                                                 | $                         | 0         | $                
|                                                 | Common stock, par value $ =
      .001;
      99,999,000=20
      shares authorized;
      issued & outstanding 3,190,400 |                           | 3,190     |                  
|                                                 | Paid-in capital                                                                                                           |                           | 20,000    |                  
|                                                 | Retained earnings <Accum. Deficit> =                                                                                      |                           | <199,511> |                  
|NET EQUITY/RETAINED EARNINGS=20 
      <DEFICIT> | $                                                                                                                         | <176,321>                 | $         | <176,321>        
|TOTAL ASSETS/LIABILITIES                         | $                                                                                                                         | 0                         | $         |                  

The accompanying notes are an integral part of these financial =
  statements.=20

China Holdings, Inc.
  (A Development Stage Company)=20 
  STATEMENTS OF OPERATIONS
  (Unauditied)

For the three months
          ending September 30, =
          2007
      
      For the nine months
          ending September 30, =
          2007
      
      Cumulative from
          inception
          (Aug 10, 1998) =
          to=20 
          September 30, 2007--------------------
      
      --------------------
      
      ----------------------Revenues
      $
      -
      $
      -
      $
      -Operating expenses
      
      -0-
      
      -0-
      
      199511Net loss from operations
      
      -0-
      
      -0-
      
      (199511)Other income (expense)
      
      -
      
      -
      
      -Net loss
      $
      -0-
      $
      -0-
      $
      (199511)Net loss per share
      $
      (0.00)
      $
      (0.00)
      
      (0.62)Weighted average common shares outstanding
      
      3,190,400
      
      3,190,400
      
      3,190,400


The accompanying notes are an integral part of these =
  condensed=20
  financial statements.

China Holdings, Inc.
  (A Development Stage=20
  Company)
  STATEMENTS OF CASH FLOWS

For the three months
    ending September 30, =
    2007

For the nine months
    ending September 30, =
    2007

Cumulative from
    inception
    (Aug 10, 1998) =
    to=20 
    September 30, 2007

--------------------------------

------------------------------

----------------------------

Operating Activities
      Net loss

$

-0-

$

-0-

$

(199511)

Adjustments to reconcile net loss to net cash used in =
      operations:=20

Issuance of shares for services rendered

-

-

473

Issuance of notes payable to related parties for services =
      rendered=20

-

-

70,000

Changes in operating assets and liabilities:

Increase in accounts payable

-0-

-0-

-0-

Increase in accounts payable related parties

-

-0-

---------------------------

------------------------------

-------------------------------

Net cash used in operating activities

-

-

(1,027)

Investing Activities

-

-

-

Financing Activities
      Issuance of shares for cash

-

-

1,027

---------------------------

------------------------------

-------------------------------

Net cash provided by financing activities

-

-

1,027

Net change in cash
      Cash at beginning of period

-

-

-

---------------------------

------------------------------

-------------------------------

Cash at end of period

$

-

$

-

$

-

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=

Supplemental Information:
      Cash paid for interest and income =
      taxes=20

$

-

$

-

$

-

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=

Non-cash investing and financing activities:
      Issuance of =
      notes=20
      payable to related parties for services

$

-

$

-

$

70,000

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=

Reclassification from accounts payable to accounts payable- =
      related=20
      parties due to payment of accounts payable by related parties =

$

-0-

$

-

$

-0-

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D =

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=

Conversion of related party notes payable to common =
      stock

$

70,000

$

-

$

70,000

The accompanying notes are an integral part of these FINANCIAL=20
      STATEMENTS.

China Holdings, Inc.
      (A Development Stage =
      Company)
      Notes=20
      to Financial Statements
      For The Three Months Ended September 30, =
      2007

GENERAL:
      The condensed consolidated financial statements of =
      China=20
      Holdings, Inc. included herein, have been prepared pursuant to the rules =
      and=20
      regulations of the Securities and Exchange Commission. Although certain=20
      information normally included in financial statements prepared in =
      accordance=20
      with generally accepted accounting principles has been condensed or =
      omitted,=20
      Silver Bow believes that the disclosures are adequate to make the =
      information=20
      presented not misleading. The condensed financial statements for the =
      nine month=20
      period ended September 30, 2007 should be read in conjunction with the =
      financial=20
      statements and notes thereto included in this report.

The condensed consolidated financial statements included herein =
      reflect all=20
      normal recurring adjustments that, in the opinion of management, are =
      necessary=20
      for fair presentation.

The Company has not commenced operations and has no working =
      capital.

NOTE 1 - ORGANIZATION AND BUSINESS PLAN:

Company was organized under the laws of the State of Nevada on April =
      28, 1994=20
      under the name of Silver Bow Antique Aviation. The Company was =
      incorporated to=20
      engage in any lawful activities.

The Company's articles initially authorized 1,000 shares of Preferred =
      Stock=20
      and 10,000 shares of Common Stock, both at a par value of $.001 per =
      share.

Common Stock.

During 1996, certain consulting services were rendered to the Company =
      by the=20
      majority stockholder, Magellan Capital Corporation, (a Nevada =
      Corporation doing=20
      business in California) and 4 other individuals. The value of such =
      services were=20
      at the stated par value for 1,041 shares issued on July 15, 1995 and =
      have been=20
      stated on the Balance sheet, the Statement of Operations and the Cash =
      Flow=20
      Statement at $936 for the year ending 12/31/96, which amount reflects =
      the par=20
      value of the original issue on the date of the 900 for 1 forward stock =
      split on=20
      the 1,041 shares. Revised number of shares issued and outstanding after =
      the=20
      foregoing split were 936,900, with a total value of $936.00 as of the =
      end of the=20
      year September 30, 1996.

On December 30, 1998, 2,053,500 shares were sold for $2,054 cash at =
      the=20
      stated par value of $.001 per share. Total shares outstanding at year =
      end=20
      12/31/98 were 2,990,400, with a total value of $2,990.

On September 25, 2001, 200,000 shares were issued at the stated par =
      value of=20
      $.001 per share for services rendered through September, 2001: 100,000 =
      shares to=20
      Darren J. Holm, the newly appointed President of the Company and 50,000 =
      shares=20
      each to Randall Baker, Secretary and Norm LeBoeuf, Controller.

The total number of Common Stock shares outstanding and issued as of =
      the end=20
      of September 30, 2007 and 2006 were 3,190,400, total value $53,190. No =
      other=20
      transactions have taken place since those dates for the Common Stock of =
      the=20
      Company: Total Common Stock Shares outstanding and issued at September =
      30, 2007=20
      were 3,190,400, total value of $53,190.

On October 6, 2005 Silver Bow Antique Aviation, a Nevada corporation, =
      merged=20
      with China Holdings, Inc, a Wyoming corporation with the Wyoming =
      corporation=20
      surving for the purpose of effecting a name change and redomincile from =
      Nevada=20
      to Wyoming.

Preferred Stock.

The original articles of incorporation, April 28, 1994, authorized =
      1,000=20
      shares of Preferred Stock with a stated par value of $.001 per share. =
      From=20
      inception (April 28, 1994) through September 30, 2007, no Preferred =
      Stock Shares=20
      have been issued, and, none are outstanding.

NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

The Articles of Incorporation (as revised) authorize China Holdings, =
      Inc. to=20
      issue up to 99,999,000 shares of Common Stock with a par value of $.001 =
      per=20
      share and 1,000 shares of Preferred Stock, with a par value of $.001 per =
      share.=20
      As of the period ending September 30, 2007, there were 3,190,400 shares =
      of=20
      Common Stock issued and outstanding. As of September 30, 2007 =
      ASSETS:

The Company has no Fixed Assets for the period ending September 30, =
      2007 and=20
      December 31, 2006.

NOTE 4 - CURRENT LIABILITIES:

Following are the Current Liabilities of the Company as of September =
      30, 2007=20
      and December 31, 2006 were:

|Category Description |                   | Amounts due
          9/30/2007 |   | Amounts due
          12/31/2006
|-------------------- | ----------------- | ------------------------------- | - | --------------------------------
|Current Liabilities  | $                 | 0                               | $ | 0                               
|                     | TOTAL LIABILITIES | $                               | 0 | $                               
|                     | 31                | 302 Certification              
|                     | 32                | Signature                       |   | Capacity                        
|/s/ Darren J. Holm   |                   | President/CEO Director          |   | March 1, 2008                   
|Darren J. Holm       |                   |                                 |   |                                 
|                     |                   |                                 |   |                                 
|/s/ Dempsey K. Mork  |                   | CFO/Director                    |   | March 1, 2008                   
|Dempsey K. Mork      |                   |                                 |   |                                 
|                     |                   |                                 |   |                                 
|/s/ Norbert LeBoeuf  |                   | Secretary/Director              |   | March 1, 2008                   
|Norbert LeBoeuf      |                   |                                 |