Micro Connect Exchange

 jan24 Mok said in an update that as many as 12,300 shops across 33 provinces and 270 cities had so far received funding via the marketplace, or about 690 franchises. An additional 3,200 are now in the pipeline. https://www.macaubusiness.com/micro-connect-could-extend-marketplace-access-to-individual-traders-representative/  

 jan24 Earlier this month, Micro Connect unveiled another major component of its workings, the  MCEX Market Accepted Protocol , a set of rules that govern the flow and storage of key static information about investment contracts. However, the marketplace is currently open to institutional investors only, such as dealers, lenders, researchers, and brokers, said Leighton Mok, vice president of the MCEX. “We only allow institutions because that’s the target audience we have first spoken to and received lots of feedback from,” said the company representative at the FMCC Breakfast Talk Rendez-Vous organised by the France Macau Chamber of Commerce on Wednesday. “But that does not mean there is no opportunity for future individual investors. Through what avenue, this is their discretion.” https://www.macaubusiness.com/micro-connect-could-extend-marketplace-access-to-individual-traders-representative/ [MACAO / HONG KONG – January 16, 2024] Micro Connect has released the MCEX Market Ac...

  Mok noted that since its inception in 2021, Micro Connect, the operator of MCEX, had helped to fund more than 12,300 stores across 270 mainland Chinese cities. It was also looking to expand into Southeast Asia, Singapore and Hong Kong in the future.  https://macaonews.org/news/business/macau-mcex-micro-small-business-finance-macao/

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...

 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...