Baillie Gifford China Growth Trust plc is a closed-ended investment trust focused on achieving long-term capital growth through an actively managed portfolio of Chinese companies. It targets 40-80 high-growth firms expected to deliver outstanding returns over five to ten years, drawing on insights from Baillie Gifford's global investors and China specialists. The trust emphasizes businesses with sustainable competitive advantages and significant earnings potential, such as those capable of doubling returns in five years, with a strong preference for growth-oriented investments. Up to 20% of assets may be allocated to unlisted companies at purchase, providing access to smaller-cap opportunities unavailable to traditional funds, and it employs financial gearing to enhance returns. Key holdings include Tencent Holdings (12.5%), Bytedance, and Alibaba, spanning sectors like consumer cyclical (33%), communications services (18%), and technology (11%), predominantly in China. With total assets around £202 million, the trust plays a vital role in offering UK investors targeted exposure to China's dynamic growth landscape amid evolving market conditions.