Subject: Purchase of CHX by Casin Group; Release No. 34-79474; File No. SR-CHX-2016-20
From: Lyle Himebaugh
Affiliation: Granite Group Advisors
September 8, 2017
As an American, I support the Casin Group’s purchase of the Chicago Stock Exchange. China is slated to become the world’s largest economy by 2030. I believe it would be imperative for the CHX transaction to go through now in order to allow time to prepare for China’s emergence.
The benefits are clear:
- Transparency – Chinese companies will have to adhere US accounting standards
- Safety - The American public will be better protected when investing in Chinese securities
- The US will always be considered the safest place to invest in the future. The flow of money into the US from China would be enormous. Thus, helping with our massive debt problem.
- Better business relations between corporate heads which will translate into better political relations.
I implore you to allow the transaction now. The worldwide race for capital is never more needed than in the United States.
Please feel free to call me.