The Greater China Fund, Inc. Announces Annual Meeting Date

NEWARK, NJ--(Marketwire - April 1, 2011) - The Greater China Fund, Inc. (the "Fund") (NYSE: GCH), announced today that the 2011 Annual Meeting of Stockholders (the "Meeting") will be June 10, 2011. The Fund also announced that the Fund's Board of Directors fixed the close of business on April 15, 2011 as the record date for Fund stockholders entitled to notice of the Meeting and to vote at the Meeting. It is anticipated that the Proxy Statement for the Meeting will be mailed in late April to the Fund's stockholders entitled to notice of and to vote at the Meeting.

The Fund is a non-diversified, closed-end management investment company that seeks long-term capital appreciation through investing primarily in listed securities of China companies, which are companies that (i) are organized under the laws of, and have their principal place of business in, China or Hong Kong or (ii) during their most recent fiscal year derived at least 50% of their revenues or profits from goods produced or sold, investments made or services performed in China or Hong Kong or have at least 50% of their assets in China or Hong Kong. The Fund's investment adviser is Baring Asset Management (Asia) Limited.

Before investing in the Fund, investors should carefully consider the investment objectives, risks, and charges and expenses of the Fund. This information, including other information concerning the Fund, is available at the website of the Securities and Exchange Commission at www.sec.gov. An investor should carefully read the Fund's filings before investing.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy shares of the Fund nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Contact Information:

Contact:
Patricia Baronowski
631-756-2486