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 Exchan...

 out23 October 30, 2023 Share Micro Connect Group has deemed that Micro  Connect  (Macao) Financial Assets Exchange (“MCEX”) Shariah-compliant products are allowed to offer Shariah-compliant products on the platform. These products will be Shariah-compliant products offered in East Asia, further strengthening MCEX’s appeal to Islamic investors. The certification recognises that Micro Connect’s revenue-sharing products are in line with  Islamic law,  including being non-interest-bearing, and approves the company’s Shariah-compliant screening methodology. Being certified as Shariah-compliant enables MCEX to expand its membership landscape, opening the doors to Islamic investors looking to invest in the cash flows of China’s micro and small businesses. MCEX members will be able to invest in Shariah-compliant DRPs (“Daily Revenue Portfolios”), baskets of Daily Revenue Obligations (DROs), and receive daily revenue shares of China’s Shariah-compliant small businesses....

 out23 He also highlighted its role in facilitating Macao’s novel   Micro Connect Macao Financial Assets Exchange  (MCEX), which connects small and micro businesses in mainland China with global investors and leading industry partners via a fintech platform. https://macaonews.org/business/macau-bri-macao-belt-road-initiative/

 out23 (analise global) Los empresarios chinos pueden estar especialmente deseosos de utilizar el plan ahora. Los bancos están examinando más de cerca los préstamos debido a las dificultades de la economía, por lo que las empresas están buscando capital en otros lugares. Muchos están recurriendo a entidades ajenas al sistema bancario, conocidas como “prestamistas en la sombra”, de las cuales China Beige Book, una firma de datos, dice que el endeudamiento está en niveles casi récord como proporción del préstamo total. Esto ayuda a explicar por qué las empresas más pequeñas de China están interesadas. Si estos son los tipos de negocios en los que los inversores extranjeros quieren invertir es otra cuestión completamente distinta. https://pedroluismartinolivares.com/eco-socialmente-hablando/los-dro-nuevo-modelo-de-inversion-en-macao/

 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...