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