Chinese investors shrug off U.S. accounting scandal fallout

By Ai Peng Soo and Clement Tan

SHANGHAI/SHENZHEN, June 13 (Reuters) – For the two dozen Chinese retail investors gathered at the dimly lit public hall of a brokerage firm in Shanghai, the accounting scandals involving U.S.-listed Chinese companies are far from the hot topic of the day’s trading as they swap strategies over tea and cigarettes.

Many of the investors, mostly retirees, have not even heard about the saga over fake numbers among some Chinese firms that has shaken U.S. investors and stunned regulators there.

Even those who have read about the news in scattered media reports were more interested in China’s monetary tightening or tips on the favoured sector of the day than in concerns the companies they have invested in might be hiding similar bombshells in their books.

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