Morgan Stanley considers the shares of Chinese companies undervalued. According to the bank, the Chinese stock market this year will grow by 18 - 19%, aided by support of the economy of the country from the state - it will increase the profitability of securities of national companies. Bank forecast leads RBC citing Bloomberg.

Optimistically on the Chinese stock market looks and fund Invesco Pacific Fund, which notes that in a number of sectors, companies from China receive a decent profit and are evaluated positively.

According to Bloomberg, Goldman Sachs and Morgan Stanley have lowered their forecasts for major Chinese indices, which recently showed decline due to slow economic recovery in China, the weakness of its real estate sector and geopolitical risks. The PMI for the manufacturing sector in May was also below expectations. The World Bank expects the country's GDP to grow by 5.6% this year.