Micro Connect Exchange

 ab26 Micro Connect last year distributed over RMB3.2 billion (US$0.47 billion/MOP3.78 billion) in revenue shares to investors, government information shows. According to a Wednesday gazette announcement, the investment platform, Micro Connect (Macao) Financial Assets Exchange in full and designed to pool funds for small businesses in mainland China, last year lifted its cumulative issuance volume to RMB4.767 billion, issuing more than 13,606 revenue based obligations via the marketplace. It came as Micro Connect reported a sizeable drop of 28.7 per cent in consolidated 2025 spending from a year earlier. Helmed by Charles Li, former CEO of Hong Kong Exchanges and Clearing, Micro Connect introduced the Micro Start initiative in September 2024, which the operators of the revenue-sharing platform said helped propel listings and funding amounts. The increased momentum came from two major drivers: special purpose vehicles and special purpose acquisition companies. Covering those from Ma...

 2023 Freshfields 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 d...

 jun25 Micro Connect has applied to list on Hong Kong’s stock exchange, with the application filed on Wednesday aimed at raising funds from institutional investors. Micro Connect is a fin-tech company founded by Charles Li, the former CEO of Hong Kong Exchanges and Clearing – with the objective of raising capital for mainland China’s micro and small businesses. The exchange platform boasts a tradable financial instrument called the daily revenue obligation. In theory, investors receive a share of daily revenues from businesses, a new concept that challenges the traditional interest or equity. According to the Wednesday filing from Micro Connect International Finance Company, an investment company set up in May, Micro Connect seeks to be registered as a closed-end investment company under Chapter 21 of listing rules. In other words, the distribution of shares will be confined to professional investors instead of the general public. In an exclusive  interview  with Macau Bu...

  EVIDENT and IDA to Tokenize Revenue-Based Financing Products with Micro Connect News provided by IDA  18 Feb, 2025, 12:00 CST Share this article           HONG KONG ,  Feb. 18, 2025  /PRNewswire/ --  EVIDENT  and IDA Finance Hong Kong Limited ( IDA ) announce their strategic partnership to tokenize and distribute revenue-based financing (RBF) investment instruments listed and traded on Micro Connect ( Macao ) Financial Assets Exchange (" MCEX "), the first licensed global RBF exchange connecting global financial markets with the real economy. This unprecedented collaboration will explore the feasibility of seamless connection of asset origination with tokenized issuance, distribution, and stablecoin-based settlement of RBF investments, creating a truly integrated digital value chain. This streamlined approach is aimed at simplifying access to cash flow-based investment instruments for a diverse investor base in Web3 and private we...

 <iframe width="560" height="315" src="https://www.youtube.com/embed/kU4TMKyCnjg?si=YLk7CE0VI7i1AI1z" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> https://www.youtube.com/watch?v=kU4TMKyCnjg

  Micro Connect founder Gary Zhang has highlighted the importance of domestic consumption as a driver of economic growth at a recent conference. According to People’s Daily, Zhang told the conference on national consumption that “finance is the lifeblood of economic development.” Micro Connect, an asset exchange designed to pool funding for small businesses and start-ups, unveiled their operational workings in September this year. The  Micro Star , alongside a framework of rules and guidelines, was described as the backbone of a revenue-based system that has so far covered 13,000 businesses across 200 mainland Chinese cities. “Innovation in income-based financing models is driven by widespread digitalisation trends, empowering more small and medium-sized enterprises to achieve high-quality development,” he added on Monday. A company’s income, credit status, and technological level are closely associated with its level of digitalisation, he emphasised. “Without digitalisation, ...

 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-operati...

 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,...

 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

 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 Financ...

 /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 instru...