Rival investors seek to stop Chinese takeover of Chicago Stock Exchange

In December 2016, the Committee on Foreign Investment in the United States approved the CHX deal. But in August, the SEC delayed action on the purchase and has offered no timeline for when it will make a decision. | Getty

 

A group of U.S. investors hoping to buy the Chicago Stock Exchange is lobbying Congress to torpedo a rival, Chinese-backed acquisition proposal that is stalled at the Securities and Exchange Commission.

Lobbyists representing “Exchange Capital LLC,” a special-purpose entity for a private-equity investor group, said they helped generate a Sept. 26 letter led by Rep. Robert Pittenger (R-N.C.) to the SEC raising “serious concerns” over the CHX acquisition. Continue reading

Report: Documents show U.S. has approved sale of Chicago Stock Exchange to Chinese firm

The sale was approved despite the objections of several U.S. lawmakers. /Getty Images

 

The sale was approved by the Committee on Foreign Investment in the United States (CFIUS) to a Chinese group led by Chongqing Casin Enterprise Group despite the objections of several U.S. lawmakers who cited concerns about the level of influence the Chinese state might gain over the Chicago exchange, Reuters reported. Continue reading

China Is Buying the Chicago Stock Exchange. A Dangerous Signal for the Global Economy

Capital flight or capitol fight: Why is so much money fleeing China, and what is the biggest ramification?

An obscure Chinese company is buying the Chicago Stock Exchange. The February 5 announcement stirred a tumult on Capitol Hill. Members of both parties of Congress denounced the takeover, calling for the Treasury Department to investigate the proposed sale.

Yet the founder of the Chongqing Casin Enterprise Group (Casin Group), which is buying the Chicago Exchange, assured regulators that his intentions were purely financial in nature. He planned on keeping the United States management team in place and said he would use information learned from the Chicago Exchange “to help develop financial markets in China over the longer term and to bring exciting Chinese growth companies to U.S. investors.”

So what’s the problem?

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Chinese companies buying up foreign groups at alarming rate

(TRUNEWS) Chinese groups are scooping up foreign and U.S. companies at a record rate.

According to Business Insider, lawmakers are concerned about the growing trend, so 45 members of Congress signed a letter to the Treasury Department asking them to take some action.

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Why Would We Sell one of our Stock Exchanges to China?

In the past, China has threatened to nuke the U.S. Dollar (which they are now doing, albeit slowly) and literally exterminate Americans on the homeland where they guaranteed hand-to-hand combat is around the corner.

You could always read the following for more proof:

War Is Not Far from Us and Is the Midwife of the Chinese Century

China’s Military Threatens America: ‘We Will Hurt You’

China’s leader is telling the People’s Liberation Army to prepare for war

It would be insane to let enemies of your nation inside the gate, but the United States did just that. You can only wonder if enemies were already inside the gate via fifth column and just let the rest of their team in.

Further thought on an earlier story:

 

https://i2.wp.com/globaleconomicwarfare.com/wp-content/uploads/2015/12/got-rope.jpg

 

A frightening article in today’s UK Telegraph suggests that another financial crisis could destroy capitalism as we know it. Let that sink in. Our system is at risk, as it was in 2008. As a reminder, consider this C-SPAN  interview with Representative Paul Kanjorski, wherein he described how our entire system almost collapsed. He stated in a very matter of fact way that if the collapse had continued, it would have been the end of our economic system and our political system, again “as we know it.” Continue reading

Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group

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. Continue reading