Professor Patrick Murphy on the deal of Chicago Stock Exchange

Global Business

Professor Patrick Murphy on the deal of Chicago Stock Exchange1

A Chinese company’s proposal to buy the Chicago Stock Exchange is meeting opposition from U.S. Congress. A primary concern is that the Chinese government is linked to the deal.

This is significant as it would mark the first time an American stock exchange of any size was purchased by a Chinese buyer.

For more, CCTV America’s Michelle Makori spoke to Patrick Murphy, a Professor of entrepreneurship and U.S.-China business relations at at DePaul University in Chicago.

Professor Patrick Murphy on the deal of Chicago Stock Exchange

Professor Patrick Murphy on the deal of Chicago Stock Exchange

For more, CCTV America's Michelle Makori spoke to Patrick Murphy, a Professor of entrepreneurship and U.S.-China business relations at at DePaul University in Chicago.

More details:

  • Founded 134 year ago, the Chicago Stock Exchange is one of the USA’s oldest exchanges.
  • While it used to be a major trading venue for American stocks, it is now exceptionally small and trades are made mostly in stocks listed on other exchanges like the Nasdaq and NYSE.
  • It is now the third smallest exchange in the US.