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US SEC rejects Chinese-linked takeover of Chicago Stock Exchange

SEC staff initially approved the sale of the privately owned exchange in August

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Us Sec

Reuters 

  US regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor the exchange after the deal. The move by the Securities and Exchange Commission (SEC) ends a two-year battle to gain approval for the sale and underscores the more hostile environment facing Chinese buyers under the administration of U.S. President Donald Trump. Trump brought the CHX deal up twice during the election campaign as an example ...

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First Published: Sat, February 17 2018. 01:57 IST
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