Analysts shrug off quantitative easing concerns

Although concerns about the ending of the monetary easing program in the United States have dampened stock markets across Asia, Chinese stock analysts and investors have remained unconvinced, contending that their primary focus is on the speed of the domestic economic recovery.

The benchmark index of the Chinese stock market remained firm Monday while markets elsewhere in Asia were on the skids. Reports said that many Asian investors were expecting an early start to the US Federal Reserve's scaling back of its bond-buying program, called quantitative easing, following a string of positive economic data posted last week.

But analysts in China tended to shrug off the rumors, saying that US monetary policy, whichever way it may head, isn't having too great an effect on Chinese stocks - even as they said they will be closely watching the direction of capital flows in the coming weeks.