DAILY CALLER — Congress is raising hell over a Chinese company with potential ties to the Chinese Community Party taking over the Chicago Stock Exchange in what appears to be a first-ever attempt by the Chinese to gain deep access into the $22 trillion U.S. equity markets.
Led by Rep. Robert Pittenger, 45 members of Congress demanded the Committee on Foreign Investment in the United States (CFIUS) conduct a full national security review of the transaction between the Chongqing Casin Enterprise Group and the Chicago Stock Exchange.
Without interference, the transaction is expected to be finalized by the second half of the year.
“The company acquiring or seeming to acquire the exchange is essentially unknown,” Pittenger told The Daily Caller News Foundation. “It’s a Chinese company. They’re not predisposed to convey much about the company, or its relationship to the government. They’re very opaque in their declarations.”