The Greater China Fund, Inc. Declares Ordinary Income Dividend

NEWARK, NJ--(Marketwire - August 18, 2009) - The Board of Directors of The Greater China
Fund, Inc. (the "Fund") (NYSE: GCH), today declared a dividend of $0.082
per share of ordinary income. The dividend is payable on September 9, 2009
to shareholders of record as of September 1, 2009. The ex-dividend date is
August 28, 2009.

The Fund's investment objective is to seek long-term capital appreciation
by investing substantially all of its assets in listed equity securities of
companies which derive or are expected to derive a significant portion of
their revenues from goods produced or sold, investments made or services
performed in China. The Fund's investment manager is Baring Asset
Management (Asia) Limited.