Thread: Chinese Group to Buy US Chicago Stock Exchange

China Just Purchased This MAJOR U.S. Finance Center… Trump Was Right All Along

by Davis 2/6/16

GOP presidential hopeful Donald Trump has long stated that China is out to crush the United States financially and that our government isn’t doing enough to stop this.
Bloomberg recently reported that a Chinese-led group is poised to buy the Chicago Stock Exchange. This would be the first acquisition of a U.S stock exchange by the Chinese.

Chongqing Casin Enterprise Group has already signed the deal to acquire the stock exchange. The transaction will be finalized in the second half of this year, assuming it receives regulatory approval.

I guess the Chinese got tired of trying to hack into the stock exchange and decided to just buy the thing for themselves.

“We’re a good fit. Our strategy is something they like and is consistent with theirs,” Chicago Stock Exchange CEO John Kerin told Bloomberg. “We provide technology and we’re a standalone, full-service exchange that they can grow in a manner that suits their needs.”

The Chicago Stock Market only handles about 0.5 percent of the U.S stock market, but this acquisition still gives the Chinese a foothold in the American marketplace.

Previous attempts by foreign government to buy stock exchanges have failed in the past, and we can only hope that this particular deal will be rejected by the federal government.

Anyone with a shred of common-sense should see the threat that China poses to the United States. China conducts cyber warfare every day against the U.S. government and countless private companies.

Enough is enough. We need to elect a president who will make sure that the government cracks down on China protect American economic interests both at home and abroad.


http://conservativetribune.com/china...ent=2016-02-08

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Stock Exchange Says It’s Being Sold To China… 05 Feb, 2016 by Terresa Monroe-Hamilton


This simply should not be allowed. They want to sell one of our primary stock exchanges to the communist Chinese… our enemies. To let this go through is to welcome in the barbarians and bare our financial jugular.

Casin Group said it was attracted to the market because of the potential to “bring exciting Chinese growth companies to U.S. investors,” according to a quote in the statement from Shengju Lu, Casin’s founder and chairman.

Founded in the 1990s through a privatization of state-owned assets, Casin Group initially focused on developing real estate projects in Chongqing before expanding into the environmental and financial industries. While the firm owns stakes in banks and insurers, it has never owned an exchange. And America should not let them start here.

The Chicago Stock Exchange said a Chinese investor group agreed to acquire it, giving the buyer entry into the intensely competitive U.S. equity market.

Chongqing Casin Enterprise Group has signed a definitive agreement to acquire the company, according to a statement Friday, which didn’t give financial terms. The exchange said the deal is expected to close in the second half of the year, though that will require regulatory approval.
“We’re a good fit. Our strategy is something they like and is consistent with theirs,” Chicago Stock Exchange Chief Executive Officer John Kerin said in a phone interview. “We provide technology and we’re a standalone, full-service exchange that they can grow in a manner that suits their needs.”
The Chicago Stock Exchange — a subsidiary of CHX Holdings Inc. — is minority-owned by a group including E*Trade Financial Corp., Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to the company. The minority shareholders are also selling their stake, Kerin said.
The acquisition would be the first of a U.S. exchange by a Chinese company. The 134-year-old bourse, which handles about 0.5 percent of U.S. stock trading, would give the buyer a beachhead in the $22 trillion American equity market, where regulations require trades to be routed to whichever exchange has the best price for a stock at a given moment.

“We have reviewed CHX’s plans to improve market share through new growth initiatives and fully support them,” said Casin’s Lu, a torch bearer during the Beijing Olympic games in 2008, according to their statement.

Casin Group’s offer comes amid an unprecedented overseas shopping spree by Chinese companies. Businesses from Asia’s largest economy have announced $70 billion of cross-border acquisitions and investments this year, on track to break last year’s record of $123 billion, according to data compiled by Bloomberg. Yes, and they are buying farms in the Midwest and real estate across the country. Who needs a military coup when you can simply ‘buy’ your way in? This needs to be stopped and fast. Just say no to the sale of the Chicago Stock Exchange to the Chinese.

http://rightwingnews.com/economy/sto...sold-to-china/