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Chinese-led investors plan to buy Chicago Stock Exchange
Associated Press ^ | Feb 5, 2016 1:44 PM EST | Joseph Pisani

Posted on 02/05/2016 10:51:16 AM PST by Olog-hai

The Chicago Stock Exchange, founded more than a century ago, said it has agreed to be acquired by a Chinese-led investor group.

The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. The exchange needs the cash from the buyout to launch its new trading products and platforms, Kerin said.

Terms of the deal were not disclosed. Kerin will continue as CEO after the deal closes.

Leading the investor group is Chongqing Casin Enterprise Group, a holding company based in Chongqing, China. Efforts to reach Chongqing Casin Enterprise Group were unsuccessful. ...

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; US: Illinois
KEYWORDS: chicagostockexchange; china; chongqingcasin; redchina

1 posted on 02/05/2016 10:51:16 AM PST by Olog-hai
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To: Olog-hai

And to think we were once terrified of the Japanese buying everything.


2 posted on 02/05/2016 10:54:38 AM PST by VanDeKoik
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To: Olog-hai

They’ll have to go through Donald Trump first!


3 posted on 02/05/2016 10:54:57 AM PST by Responsibility2nd (Is Ted Cruz a US Citizen? Yeah? Then Shut Up and Vote for Him.)
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To: Responsibility2nd

Will be sold long before DJT makes it to POTUS - if he does. Will sail through 0bama ...


4 posted on 02/05/2016 10:56:47 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: VanDeKoik
At least a Japanese group would be a group of Japanese businessmen.

This group of Chinese investors may be independent investors or representatives of the Chicom government.

This might be the ultimate example of capitalists selling the rope to those who will string them up.

5 posted on 02/05/2016 10:58:38 AM PST by who_would_fardels_bear
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To: who_would_fardels_bear

No need for concern here.


6 posted on 02/05/2016 11:01:52 AM PST by EQAndyBuzz (The Trump/Cruz war is a media generated war so the establishment can stay in power.)
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To: Olog-hai

This is EXACTLY the kind of deal Trump talks about that screws the US every which way. Will we be smart enought el elect him to fix it?


7 posted on 02/05/2016 11:08:47 AM PST by bigbob ("Victorious warriors win first and then go to war" Sun Tzu.)
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To: who_would_fardels_bear

There are no independent investors from Red China. They all represent the Party in the Northern Capital.


8 posted on 02/05/2016 11:15:54 AM PST by Olog-hai
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To: Olog-hai

Great. Now when you trade a share, half an hour later you’ll want to trade it again.


9 posted on 02/05/2016 11:27:00 AM PST by Buckeye McFrog
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To: Buckeye McFrog

Thats how that exchange works now.


10 posted on 02/05/2016 11:34:45 AM PST by poinq
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