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JARDINE FLEMING CHINA REGION FUND RECEIVES NO-ACTION LETTER FROM SEC

 BALTIMORE, April 28 /PRNewswire/ -- Jardine Fleming China Region Fund, Inc. (NYSE: JFC), a closed-end investment company listed on the New York Stock Exchange with US$113 million in assets, has received a no-action letter from the U.S. Securities and Exchange Commission (SEC) enabling the fund to buy and hold "B" shares listed on the Shanghai and Shenzhen stock exchanges.
 When the fund was launched in July 1992, there was concern that holding "B" shares would not be possible because the custody arrangements on the Shanghai and Shenzhen markets might not be in compliance with the custody provisions of the U.S. Investment Companies Act of 1940.
 Application was made to the SEC for clarification of the position and for such relief as might be necessary to enable the fund to purchase and hold "B" shares. On April 26, the fund received a letter from the SEC confirming that it would not recommend enforcement action if the fund holds "B" shares listed on either the Shanghai or Shenzhen stock exchanges.
 The directors said they were pleased their efforts to secure this no-action relief have been successful and believe that the wider range of investment opportunities will provide greater scope for the investment adviser to achieve the objectives of the fund.
 Jardine Fleming China Region Fund is advised by Jardine Fleming International Management Inc., part of the Jardine Fleming Group which has offices in Hong Kong, Shanghai and Taipei as well as in 13 other Asia Pacific locations. The group employs 32 investment managers in the region who manage an aggregate of funds exceeding US$10 billion in assets for institutional and private clients worldwide.
 -0- 4/28/93
 /CONTACT: Stephen A. Haas (Baltimore), 800-638-8540, or Dudley R. Howard (Hong Kong), 852-843-8813, both of Jardine Fleming China Region Fund/
 (JFC)


CO: Jardine Fleming China Region Fund, Inc. ST: Maryland IN: FIN SU:

LJ-MS -- PH039 -- 2228 04/28/93 16:07 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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