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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   __________

                                  SCHEDULE 13G



                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                            (Amendment No. ________)*




                         Taiwan Greater China Fund, Inc.
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                                (Name of Issuer)

                                  Common Stock
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                         (Title of Class of Securities)

                                    749651105
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                                 (CUSIP Number)

                                December 31, 2003
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             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                  |X|  Rule 13d-1(b)
                  |_|  Rule 13d-1(c)
                  |_|  Rule 13d-1(d)

          * The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

          The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).

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CUSIP No.  749651105                   13G                     Page 2 of 7 Pages
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1.  NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    CITY OF LONDON INVESTMENT GROUP PLC, a company incorporated under the laws
    of England & Wales
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2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_].
                                                      (b) [_].

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3.  SEC USE ONLY


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4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    GREAT BRITAIN
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                                 5.       SOLE VOTING POWER
                                          1,659,600

           NUMBER OF             -------- --------------------------------------
            SHARES               6.       SHARED VOTING POWER
         BENEFICIALLY                     0
           OWNED BY
             EACH                -------- --------------------------------------
           REPORTING             7.       SOLE DISPOSITIVE POWER
            PERSON                        1,659,600
             WITH
                                 -------- --------------------------------------
                                 8.       SHARED DISPOSITIVE POWER
                                          0

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9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    1,659,600
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /.

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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    5.08%
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12. TYPE OF REPORTING PERSON*

    HC
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                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                   Page 2 of 7


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CUSIP No.  749651105                   13G                     Page 3 of 7 Pages
--------------------                                           -----------------

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1.  NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED, a company incorporated
    under the laws of England & Wales
--------------------------------------------------------------------------------
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_].
                                                      (b) [_].

--------------------------------------------------------------------------------
3.  SEC USE ONLY


--------------------------------------------------------------------------------
4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    GREAT BRITAIN
--------------------------------------------------------------------------------
                                 5.       SOLE VOTING POWER
                                          1,659,600

           NUMBER OF             -------- --------------------------------------
            SHARES               6.       SHARED VOTING POWER
         BENEFICIALLY                     0
           OWNED BY
             EACH                -------- --------------------------------------
           REPORTING             7.       SOLE DISPOSITIVE POWER
            PERSON                        1,659,600
             WITH
                                 -------- --------------------------------------
                                 8.       SHARED DISPOSITIVE POWER
                                          0

--------------------------------------------------------------------------------
9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    1,659,600
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /.

--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    5.08%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*

    IA
--------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                   Page 3 of 7


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CUSIP No.  749651105                   13G                     Page 4 of 7 Pages
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ITEM 1(A).  NAME OF ISSUER:

            The Taiwan Greater China Fund, Inc.

ITEM 1(B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            The Taiwan Greater China Fund, Inc.
            111 River Street
            Suite 1001
            Hoboken
            NJ 07030

ITEM 2(A).  NAME OF PERSON FILING:

            This statement is being filed by the following persons with respect
            to the shares of common stock of the Issuer directly owned by The
            Emerging World Fund, Global Emerging Markets Country Fund,
            Investable Emerging Markets Country Fund, and GFM (Institutional)
            Emerging Markets Country Fund (collectively, the "Funds"):

            (i) City of London Investment Group PLC ("CLIG"), the parent holding
            company of City of London Investment Management Company Limited
            ("CLIM"), which acts as an investment adviser to all of the Funds,
            and

            (ii) CLIM, a wholly owned subsidiary of CLIG and the investment
            adviser to the Funds. The shares of common stock of the Issuer owned
            by Global are not included in the statement for CLIM.

ITEM 2(B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

            Address for CLIG and CLIM:

            10 Eastcheap
            London EC3M 1LX
            England

ITEM 2(C).  CITIZENSHIP:

            CLIG - Great Britain

            CLIM - Great Britain

ITEM 2(D).  TITLE OF CLASS OF SECURITIES:

            Common Stock, par value $.001 per share

                                   Page 4 of 7


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CUSIP No.  749651105                   13G                     Page 5 of 7 Pages
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ITEM 2(E).  CUSIP NUMBER:

            749651105

ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR
            (C), CHECK WHETHER THE PERSON FILING IS A:

            (a) |_| Broker or dealer registered under Section 15 of the Act (15
                    U.S.C. 78o).

            (b) |_| Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.
                    78c).

            (c) |_| Insurance company as defined in Section 3(a)(19) of the Act
                    (15 U.S.C. 78c).

            (d) |_| Investment company registered under Section 8 of the
                    Investment Company Act of 1940 (15 U.S.C. 80a-8).

            (e) |X| An investment adviser in accordance with Rule
                    13d-1(b)(1)(ii)(E) (for CLIM);

            (f) |_| An employee benefit plan or endowment fund in accordance
                    with Rule 13d-1(b)(1)(ii)(F);

            (g) |X| A parent holding company or control person in accordance
                    with Rule 13d-1(b)(1)(ii)(G) (for CLIG);

            (h) |_| A savings association as defined in Section 3(b) of the
                    Federal Deposit Insurance Act (12 U.S.C. 1813);

            (i) |_| A church plan that is excluded from the definition of an
                    investment company under Section 3(c)(14) of the Investment
                    Company Act (15 U.S.C. 80a-3);

            (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).


                                   Page 5 of 7


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CUSIP No.  749651105                   13G                     Page 6 of 7 Pages
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ITEM 4.     OWNERSHIP.

            For CLIG and CLIM:

            (a) Amount beneficially owned:

                1,659,600

            (b) Percent of class:

                5.08%

            (c) Number of shares as to which such person has:

                (i) Sole power to vote or to direct the vote : 1,659,600

               (ii) Shared power to vote or to direct the vote : 0

              (iii) Sole power to dispose or to direct the disposition
                    of : 1,659,600

               (iv) Shared power to dispose or to direct the disposition of : 0

ITEM 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

            Not applicable.

ITEM 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

            CLIG, as the parent holding company of CLIM and CLQM, and CLIM and
            CLQM, as investment advisers to the Funds, have the power to direct
            the dividends from, or the proceeds of the sale of the shares owned
            by the Funds. Each of the Funds owns less than 5% of the shares.

ITEM 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
            THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

            CLIG is the parent holding company of CLIM. See also Item 3.

ITEM 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

            Not applicable.

ITEM 9.     NOTICE OF DISSOLUTION OF GROUP.

            Not applicable.

                                   Page 6 of 7


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CUSIP No.  749651105                   13G                     Page 7 of 7 Pages
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ITEM 10.    CERTIFICATION.

            By signing below I certify that, to the best of my knowledge and
            belief, the securities referred to above were acquired and are held
            in the ordinary course of business and were not acquired and are not
            held for the purpose of or with the effect of changing or
            influencing the control of the issuer of the securities and were not
            acquired and are not held in connection with or as a participant in
            any transaction having that purpose or effect.



                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

         The reporting persons agree that this statement is filed on behalf of
each of them.



Dated:      February 12, 2004



                                         CITY OF LONDON INVESTMENT GROUP PLC


                                         By: /s/ Barry M. Olliff
                                            ---------------------------------
                                             Name: Barry M. Olliff
                                             Title: Director



                                         CITY OF LONDON INVESTMENT MANAGEMENT
                                         COMPANY LIMITED


                                         By: /s/ Barry M. Olliff
                                            ---------------------------------
                                             Name: Barry M. Olliff
                                             Title: Director









                                   Page 7 of 7