Micro Connect Exchange

 set23 Bank of China Macau Branch has announced a loan project with Micro Connect Group that is worth some RMB210 million (MOP235.8 million/ US$29 million). In a recent announcement, the bank said that the offshore loan served to push for the internationalisation of the Chinese renminbi. The project also built on a strategic partnership between the two parties reached in December last year, under which both sides’ cooperation has extended to the group’s settlement system and payroll. It was said then that the partnership would integrate the strengths of the bank’s “traditional commercial banking offerings” and Micro Connect’s “innovative financing model” to provide a new financial ecosystem that would support the growth of small and micro-sized businesses in China. Micro Connect is an asset exchange that allows global investors to fund businesses high-flyers in China. According to the marketplace operator, it has collaborated with more than 170 brands and chains to invest in nearly...

 sete23 Micro Connect Group has made its initial investment in Macau by providing funding to Hao Yue Catering Group Company, making it the first local business to secure their financial support. The investment was formalised through an agreement-signing ceremony held on Wednesday, specifically for the ‘Joy’ restaurant, which is owned by Hao Yue. Gary Zhang, founder and CEO of the group which operates the Micro Connect Macao Financial Assets Exchange, or simply known as MCEX, told media that the group’s entry into Macau signifies the “international feasibility and replicability” of their financing model – a revenue-sharing system that based on daily revenue obligations. “With our investment debut in Macau, we hope to improve the digitalisation level of Macau’s consumer industry, facilitating the deep integration of the digital and physical economy, and driving the digital revolution of the Macao economy,” Zhang said. In August, Micro Connect managed to raise  US$458 million (MO...

Micro Connect's Li on Investment Sentiment in China Bloomberg Markets TV Shows August 9th, 2023, 5:28 AM GMT+0100 Charles Li, Founder & Chairman at Micro Connect Group, tells Rishaad Salamat, David Ingles and Yvonne Man that investments in China's small businesses remain resilient. He speaks on "Bloomberg Markets Asia" from the "DBS Greater Bay Area Conference 2023". (Source: Bloomberg) https://www.bloomberg.com/news/videos/2023-08-09/micro-connect-s-li-on-investment-sentiment-in-china-video 

 aug23 Hong Kong based FinTech platform Micro Connect raises $458m in Series C funding By Gloria Mathias August 03, 2023 Share Micro Connect, a Hongkong-based FinTech  platform ,  has announced that it has completed a capital raise of $458 million in its Series C funding round, with broad-based participation from a diverse group of new and existing investors. The funding round witnessed investors from Europe, North America, the Middle East, and Greater China, including leading long-only investment managers, private equity and venture funds, university endowments, internet platforms, and consumer retail groups. Micro Connect (Macao) Financial Assets Exchange (MCEX), a licensed global exchange for DROs and related products, is scheduled to launch in August. The shareholder base and the new capital raised will support Micro Connect’s effort to enhance MCEX’s market structure and develop the world’s largest  financial  market for micro and small business investment....

3/8/23 MACAO, Aug. 3 (Xinhua) -- The Micro Connect Macao Financial Assets Exchange (MCEX) officially started operation on Thursday in China's Macao Special Administrative Region (SAR), becoming the world's first Daily Revenue Obligations (DRO) financial market. The exchange, launched by Micro Connect, an investment platform founded two years ago that now invests on over 9,300 small and micro firms in the Chinese mainland, allows investors to directly invest on the large number of mainland small and micro firms through DRO and generate diversified steady returns. The exchange aims to channel global capital to help China's economic development while also help with Macao's industrial upgrading and economic diversification by building financial infrastructure as well as developing innovative and sci-tech industries in the city. Lei Wai Nong, secretary for economy and finance of the Macao SAR government, said that the exchange can leverage Macao's institutional advantag...

 3/8/23 MACAO ,  Aug. 3, 2023  /PRNewswire/ -- The First Micro and Small Businesses Ecosystem Conference and Official Launch of MCEX (MCEX Vision 2023) were held in  Macao  on the afternoon of  August 3 . It was honoured by the presence of Mr.  Ho Iat Seng , Chief Executive of the Macao Special Administrative Region (Macao SAR), Mr. Zheng Xincong, Director of the Liaison Office of the Central People's Government in the Macao SAR and Mr. Liu Xianfa, Commissioner of the Ministry of Foreign Affairs of  the People's Republic of China  in the Macao SAR. Mr.  Charles Li , Founder and Chairman of Micro Connect, and Mr.  Gary Zhang , Founder and CEO of Micro Connect, also attended the event, joined by an audience of over 600 guests, including investors, representatives of  China's  micro and small businesses, and media. Micro Connect Macao Financial Assets Exchange (MCEX) is a new exchange group digitally connecting global ca...

6/2/24 Micro Connect has announced that it has received support from HSBC Holdings for a loan facility worth US$200 million (MOP1.6 billion). In an announcement made on Monday, the company stated that HSBC would initially provide US$50 million in credit under the asset-backed loan facility. This is not the first time HSBC has provided financial support for Micro Connect, which operates a marketplace to raise global capital for small and medium-sized businesses in mainland China. In December 2022, HSBC arranged a loan of up to US$25 million for Micro Connect, becoming the first bank to do so. Charles Li, the founder of Micro Connect, expressed delight in continuing the collaboration with HSBC as a long-term financing partner. “This new facility is crucial for expanding our business model in China and beyond, as well as helping us transform into a fully disinterested operator of MCEX.” https://www.macaubusiness.com/micro-connect-secures-us200-mln-loan-facility-from-hsbc/ 8/8/23 Financia...