Micro Connect Exchange

 (sede em HK)

 14/11/23 Wang Jianlin, founder of hair care chain Mr. Judy, operates more 300 salons across China. In 2021, when his business was hit by the pandemic and unable to get bank loans, he received his first funding from  Micro Connect , a small business lender founded by former Hong Kong Stock Exchange chief Charles Li. Now, almost 100 Mr. Judy locations have received 20 million yuan ($2.74 million) of loans from Micro Connect. Each store signed an independent daily revenue contract, known as a DRC, with the platform. Wang pays a share of each store’s sales every day back to the platform. After the principal is repaid, the lender continues to receive 1% to 2% of store revenue, he said. https://www.caixinglobal.com/2023-11-13/cover-story-charles-lis-micro-connect-sells-new-loan-model-to-chinas-small-businesses-102135126.html

 nov23 Micro Connect’s founder, Charles Li, has expressed confidence that Macau could overtake Hong Kong within five years in terms of financing. In an interview with HK01, the former CEO of the Stock Exchange of Hong Kong said that the city had a complementary role to play alongside its neighboring financial hub. “Macau is like a large flour mill that requires no massive financial infrastructure,” Li was quoted as saying. “However, when it comes to transforming flour into consumer goods like bread and conducting sales, it needs Hong Kong as an international financial centre.” “Macau lacks a comprehensive financial system. Many investors cannot directly purchase DROs (daily revenue obligations) there, and need to resort to licensed institutions in Hong Kong to convert them into investable DRPs (daily revenue portfolios),” he added. His remarks come about three months after a ceremony was held to mark the  official launch  of the Micro Connect Macao Financial Assets Exchange. In reality