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.
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.
WE NEED A CHANGE!