Micro Connect Exchange

 mar23 reshfields Bruckhaus Deringer (‘Freshfields’) has advised Micro Connect, a new financial market platform, on the launch of Micro Connect Macao Financial Assets Exchange (‘MCEX’). MCEX is the first-ever licensed global exchange for Daily Revenue Obligations (‘DROs’), a new asset class that connects global capital with micro and small businesses in China. The goal of the platform is to make global capital more accessible and affordable to business owners, and give global investors direct and diversified exposure to the daily cash flows of the millions of stores that form part of China’s consumer economy. The first offering of DROs on MCEX took place on 25 March 2023. The Freshfields team was led by partner and China Chairman Teresa Ko and partners Grace Huang and Sarah Su, supported by senior associate James Parkin and associate Dickson Chan. Regulatory advice was provided by partner and Asia head of financial services Matthew O’Callaghan and counsel Kenneth Hui. IT / IP and data

 ,mar23 entrevista com Charles Li https://www.bloomberg.com/news/videos/2023-03-27/micro-connect-launches-macau-exchange

 27/3/23 A long-time dream of Macau comes true: The city’s own stock exchange, Micro Connect was finally launched T he Micro Connect Financial Assets Exchange platform (MCEX), which offers relevant services to the city, was launched over the weekend in Macau. The Chief Executive Ho Iat Seng approved the platform on Dec. 5 last year. Micro Connect is a company founded and chaired by former Hong Kong Stock Exchange chief executive Charles Li Xiaojia. As per the statement on obtaining the local government’s approval, the company noted “the new Micro Connect Exchange will operate on a blockchain-enabled technology platform and is ready to deliver innovation to the capital markets in China and beyond.” At the launch ceremony, the company said the platform aims to use digital methods to connect international capital with Chinese small and micro enterprises and to construct a more inclusive and impactful brand-new financial market. Chan Sau San, chairman of the board of the Monetary Authority