Posts

Lançamento Micro Star

 set24 Micro Connect has announced an operating structure for its financial asset exchange that currently involves over 13,000 micro businesses across 200 mainland Chinese cities in retail, food and beverages, sports, culture and services. The Micro Star, according to an update on Thursday, is the backbone of what the operator describes as a revenue based financing (RBF) exchange, one that is modeled after the traditional equity market. However, as founder and chairman Charles Li Xiaojia pointed out at a media Q&A session on Thursday, the exchange, also known as MCEX, relies on digitally-enabled vehicles, making the marketplace more “lighter touch” and “cost-effective”. As of the end of last year, Micro Connect investors splashed out RMB4.4 billion (US$630 million) in investment, with over RMB2 billion in returns netted. It is expected to take “two to three years” to recover the remainder of the funding. https://www.macaubusiness.com/micro-connect-micro-star-unveiled-as-operating-s

Moedas digitais

 set24 Numa conferência de imprensa para o lançamento de uma nova estrutura operacional de mercado da companhia baseada em Macau, Li enfatizou a importância de aproveitar as novas tecnologias para melhorar o sistema financeiro, reconhecendo que o uso de  moeda digitais centralizadas  em Macau ou Hong Kong é uma questão multifacetada, que impacta não apenas as políticas monetárias estatais, mas também levanta preocupações sobre lavagem de dinheiro e outros riscos. “A moeda é uma questão bastante complexa,” afirmou, sublinhando a necessidade de uma abordagem abrangente para navegar eficazmente por estes desafios. O objetivo, segundo Li, é criar um sistema que permita a uma ampla comunidade participar em atividades económicas de forma transparente e autónoma. Ele imagina um panorama financeiro onde o fluxo de caixa é amplamente distribuído, tornando-o acessível a quase todos os envolvidos no sistema. “Com o tempo, aspiramos a transitar tudo para uma blockchain,” explicou Li, indicando uma

Micro Connect eases investor access

 sete24 Micro Connect Macao Financial Assets Exchange is launching two initiatives to ease investments in small and micro businesses. The investment platform co-founded by the former boss of Hong Kong Exchanges and Clearing (0388) Charles Li Xiaojia will simplify investment targets and also enable 'one-to-one' transactions that allow investors to invest in corporations for a certain period of time. As of the end of August, more than 12,000 micro and small businesses have raised capital by listing their daily revenue obligations or DROs on MCEX, according to data on MCEX's website. DROs are "non-equity, non-debt" instruments tradable on MCEX. The listed stores are located in 282 cities across 32 provinces in China, affiliated with 835 brands and platforms. https://www.thestandard.com.hk/section-news/section/7/265817/Micro-Connect-eases-investor-access

the layoff of over 100 employees + “leading sheep” programme

 May24 Micro Connect, a Macau-based financial market platform, is planning to dismiss or reassign a quarter of its employees, following the recent announcement of what some described as a “leading sheep” programme. On 22 May, Micro Connect’s co-founders Charles Li and Zhang Gaobo announced the layoff of over 100 employees in an internal letter, citing reasons such as a transition to a new development strategy, the need for operating cost control, and management missteps . A spokesperson for Micro Connect told Macau News Agency (MNA) on Thursday that the decision was not related to the ‘company’s operational or financial conditions’ but rather stems from a ‘business transformation and structural change’. “ Our business model is transforming so we have to make this difficult decision,” the spokesperson empathised in a phone call. In the letter, the co-founders explained that the company is currently fully focused on developing the financial market platform, Micro Connect Macao Financial

entrevista à MB

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 /APr24 /substitui texto que não foi publicado no SR de abril de 2024) “Macau will forever be irreversibly in the food chain of this financial innovation” By   José Carlos Matias EXCLUSIVE INTERVIEW By José Carlos Matias Photos by Wong Sio Kuan Connecting global capital with small businesses in mainland China through Macau. Micro Connect boss Charles Li, former HKEX chief, delves into the rationale, outcomes, and ambitious plans of innovative financial market MCEX One year after the official launch of the Micro Connect Macao Financial Assets Exchange (MCEX), Charles Li, former Chief Executive of the Hong Kong Exchanges and Clearing, shares his vision and aspirations in an exclusive interview with Macau Business, Business Intelligence, Macau News Agency, and MBTV. Sitting on the verge of what he describes as the ‘Amazon moment’ for financial services, Charles Li, founder and chairman of MCEX, explains the workings of the digital age-driven and enabled financial instruments at the heart

China Daily reconhece MC

 Apr24 A batch of 20 Chinese mainland companies debuted on the Micro Connect (Macao) Financial Assets Exchange (MCEX) on Friday, helping these small and medium-sized enterprises to leverage overseas long-term capital, Gary Zhang, founder and CEO of Micro Connect, said on a listing ceremony held in Shanghai on Friday. The companies that successfully sought financing from the MCEX are mostly consumption SMEs based in East China. The total financing of the 20 companies was not disclosed. Defining itself as a platform linking global institutional investors with micro and small businesses across Chinese mainland, Micro Connect was established in 2021 and went operational in August 2023. Different from the traditional initial public offering in major stock exchanges, Micro Connect trades Daily Revenue Obligations (DRO), which represents rights to income of the SMEs. Funding is repaid through the daily tracked revenues via point of sale solutions and banking data. Companies trading at Micro C