Morgan Stanley sees offshore Chinese shares falling another 10% to 15%, bringing valuations to about 8 times forward earnings. It expects mainland shares to de-rate to 10-11 times and says A-share stabilization could become more visible within another month or two, according to BeInCrypto. The bank said markets have typically bottomed one to two months after high-profile national-team purchases; Central Huijin had about $188 billion left last week, Bloomberg Intelligence estimated. Profit forecasts for MSCI China companies fell more than 4% since the end of March, while reported results missed estimates by 9% on average.