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

Restrict China, protect Canada

Spying has been in the news of late. It’s the 50th anniversary of the James Bond franchise hitting the silver screen, a Canadian naval officer pleaded guilty last week to selling military secrets to Russia, and the U.S. House of Representatives’ intelligence committee warns Chinese state-owned companies shouldn’t be allowed to own firms in highly sensitive sectors of our economies, for fear of corporate espionage.

The committee warned last week that Huawei Technologies and ZTE Corp., two Chinese-based telecommunications giants, should be expelled from the U.S. market to minimize the risk of spying. Continue reading