IncSmart Illinois (Small Business and Startups)
- Selling the Chicago Stock Exchange to China may be a boom for the city of Chicago. This could be a huge job creation opportunity of the state. The exchange will be expanding its staff as and hiring more people in the city. The U.S. Securities and Exchange Commission will take several months to decide whether to allow the sale of the Chicago Stock Exchange to a group of investors led by China-based Chongqing Casin Enterprise Group.
There should also be substantive growth of new support business such as legal, accounting and marketing, along with lunch and dinner venues. This purchase will bring international trading to Chicago and the United States. The $27 million is waiting approval from the U.S. SEC. The Chicago Stock Exchange is one of America’s oldest trading venues, but will list companies based in China.
By Pat Turner
Starting a Business in Illinois - Illinois Corporation - Illinois LLC
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