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Micro Connect announces accounting rules modelled on GAAP

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 jan24 Micro Connect has unveiled another major component of its pet project designed to raise global capital for small and medium-sized businesses in mainland China. Under the initial arrangements made for the Micro Connect Macao Financial Assets Exchange, the MCEX Market Accepted Protocol (MAP), as announced at a press conference on Tuesday, is devised to correspond to the Daily Revenue Contract (DRC) or Daily Revenue Obligation (DRO). According to the company, a daily refreshable and publishable MAP, similar to the set of rules widely known as generally accepted accounting principles, provides a comprehensive overview of key static information linked to a DRC. The information includes details such as the contract’s geographical region, industry classification, listing date, anticipated collection amount, and contract duration. In addition, the MAP also serves as a standardised communication framework for data preparation and disclosure, regardless of the business’s geographic lo...
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REGRAS

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 (tradução do chinês) Li Xiaojia’s Drip Connect ASX, announced the rules of the exchange yesterday, and can apply for chain brand stores with 10 stores or annual revenue exceeding 5 million Li Xiaojia’s Drip Connect ASX, announced the rules of the exchange yesterday, and can apply for chain brand stores with 10 stores or annual revenue exceeding 5 million Sina Finance APP shrink font enlarge font collect Weibo WeChat share 　　Source: Ryan Capital 　　 Micro Connect Macao  Financial Assets Exchange   (  MCEX  or  MCEX for short  )  was officially put into trial operation in Macau on March 25. 　　 'Diguantong ASX'  officially released  the exchange rules of Diguantong (Macau) Financial Assets Exchange Co., Ltd.  yesterday  (  April  18)  .  Exchange  ("Drip ASX")  Rules  (Trial Implementation  )  is less than a month away. 　　 DRO   (Daily Revenue Obligation)  refers to ...
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Explicado em janeiro 23

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Jan24 The MCEX was launched last year to trade first-of-their-kind financial products known as daily revenue obligations (DROs). The products give investors the ability to purchase part of the future revenues of China’s small and micro enterprises. Unlike shares, which require a business owner to forfeit a portion of their company, DRO’s are an accessible method of financing that requires businesses to forgo between 10 and 20 percent of their earnings in return.  Leighton Mok, the vice president of the MCEX, seen at this morning’s FMCC breakfast meeting – Photo by Kenny Fong In this way, Mok said MCEX intended to create a “new avenue of investment” for investors and a “new way to raise money” for small businesses. He said that the platform was able to collect accurate revenue data and cash flows by taking full advantage of China’s highly developed e-payment infrastructure and collaborating with leading banks and retail brands.  https://macaonews.org/news/business/macau-mcex-mi...
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