Stop China Buyout of Chicago Stock Exchange: Congressmen to Obama

Stop China Buyout of Chicago Stock Exchange: Congressmen to Obama

However, not everyone is so nonchalant regarding the pending sale. “It is outrageous that a communist Chinese company — a front for the communist Chinese government — will be given access to trillions of dollars in the struggling US economy and secure information about US businesses,” says Congressman Walter Jones, a North Carolina Republican. “I strongly urge the Obama administration to investigate this firm and stop this purchase,” Rep. Jones said in a press statement released last week. Acquisition of the Chicago Stock Exchange by the Chongqing Casin Enterprise Group (CCEG) of China means, says Jones, that “a firm with ties to the communist Chinese government will have access to trillions of dollars in the US economy.  This access raises financial, economic, and cyber-security concerns.”