Nevertheless, the recent fears and market plunge have made Chinese stocks cheaper, according to Rogers. For instance, the Hong Kong Stock Exchange, where many Chinese company stocks are listed, is trading around 10 times earnings, or near all-time lows.
The H-shares ETFs, or funds that track Chinese companies on the Hong Kong Stock Exchange, also show similar valuations. FXI has a 10.0 price-to-earnings ratio, GXC has a 9.4 P/E and MCHI has a 10.7 P/E, according to Morningstar.
However, the Chinese mainland A-shares market show slightly higher valuations. For instance, ASHR has a 14.2 P/E, KBA has a 16.1 P/E and PEK has a 13.9 P/E.
Jan Dehn, head of research for Ashmore, believes Chinese banks will likely benefit the most as they become some of the largest asset managers in the world. Both H-Shares and A-Shares ETFs are heavy on the financial sector, which makes up 49.0% of FXI and 38.5% of ASHR.
For more information on the Chinese market, visit our China category.
Max Chen contributed to this article.