S.E.C. Blocks Chinese Takeover of Chicago Stock Exchange<br />“Recall, the Obama administration was misguided and fully endorsed this transaction.”<br />Other Chinese-backed deals have come under scrutiny, including a partnership between Goldman Sachs<br />and China’s sovereign wealth fund, the China Investment Corporation; a hotel buying spree by the Chinese insurance company Anbang; and an effort by Huawei Technologies to purchase a stake in 3Com, an American maker of internet routers and networking equipment.<br />“This has been a long fight, and I am grateful that we have a president who recognizes the security threats from Chinese government-affiliated<br />ownership of the Chicago Stock Exchange,” Representative Robert Pittenger, Republican of North Carolina, said in an emailed statement.<br />The proposed deal, in which a subsidiary of the Chongqing Casin Enterprise Group was to buy the exchange, drew sharp criticisms from Republican<br />and Democratic lawmakers, who said it could put the security and stability of United States financial markets at risk.<br />During a presidential debate in South Carolina in 2016 after the deal was announced,<br />he said: “China bought the Chicago Stock Exchange — China, a Chinese company.
