'Bigger prospects' for A-share bull run

The likelihood of a new bull run in China's A-share market has increased as the country is believed to be capable of managing its debt problem and avoiding financial shocks, US investment bank Morgan Stanley said in a report.

The bullish sentiment was based on its positive views about China's ability to rebalance its economy, address the issue of the rapid debt buildup, and promote key reforms to ensure the country achieves high-income status by 2027.

China's high level of savings and its strong net asset positions, both domestically and externally, provide adequate buffers against financial shocks, analysts at Morgan Stanley said in the report.