Micro Connect Exchange

13 mar24   Leading Seafood Restaurant Brand Buoe Successfully Completes DRO Issuances A group of four stores under leading seafood restaurant brand Buoe (Brand Code: BYHX) successfully raised RMB 8.051 million by listing Daily Revenue Obligations (DROs) with a contract period of 50 to 60 months on MCEX. The subscribers to the four DROs included Panthera Fund, Cypress Hong Kong Limited Partnership Fund, and other financial institutions. https://mcex.mo/leading-seafood-restaurant-brand-buoe-successfully-completes-dro-issuances/   海鮮餐飲領軍品牌寶燕壹號在滴灌通澳交所成功挂牌 DRO 海鮮餐飲領軍品牌寶燕壹號（品牌代碼： BYHX ）旗下 4 家門店，在滴灌通澳交所成功掛牌每日收入分成憑證（簡稱 DRO ），融資金額總計人民幣 805.1 萬元，聯營期 50 至 60 個月。參與本批 DRO 認購的包括澎發基金、印力龍柏香港基金等金融機構。 https://mcex.mo/leading-seafood-restaurant-brand-buoe-successfully-completes-dro-issuances/?lang=zh-hant       ALANIS KO Vice President, Branding and Marketing MICRO CONNECT (H.K.) INVESTMENTS LIMITED Suite 2105-08, Two Exchange Square, 8 Connaught Place, Central Hong Kong t:  ...

 mar24 (Yicai) March 8 -- Five Chinese food and beverage chains and a service company have raised CNY14.9 million (USD2.1 million) after 22 of their stores listed Daily Revenue Obligations on the Micro Connect Macao Financial Assets Exchange. The six companies have between one and five outlets listed on the exchange and have raised CNY145,000 to CNY4.9 million (USD20,140 to USD680,640) each, the MCEX announced on March 6. Contracts range from two to five years, it added. The firm are Chinese barbecue brand Xita Laotaitai, French restaurant chain Wuerhezi, China’s top pork trotter rice chain Zhu Ge Ge, vegetarian buffet chain Su Man Xiang, wedding banquet organizer Luzhou Feast, and 3C (computers, communications, and consumer electronics) repair chain One Hour. The subscribers to the 22 DROs included Panthera Fund, Keywise Capital Management HK, Cypress Hong Kong Limited Partnership Fund, Oriental Patron Securities, Carnegie Hill Capital Partners, and Giltsquare Partners, as well as...

 30 novembro 2022 https://bo.io.gov.mo/bo/i/2022/49/ordem47.asp  BOLETIM OFICIAL - I SÉRIE Diploma: Ordem Executiva n.º 47/2022 BO N.º: 49/2022 Publicado em: 2022.12.5 Página: 2145-2146 Autoriza a constituição e funcionamento na Região Administrativa Especial de Macau de uma instituição financeira com a denominação de «Transacção de Bens Financeiros de Micro Connect (Macau), S.A.» para prestar serviços relativos a transacções de activos financeiros. Versão Chinesa Diplomas relacionados  : Decreto-Lei n.º 32/93/M  - Aprova o Regime Jurídico do Sistema Financeiro do território de Macau. Revogações.   Categorias relacionadas  : AUTORIDADE MONETÁRIA DE MACAU  -   Notas em LegisMac Versão original em formato PDF  Ordem Executiva n.º 47/2022 Usando da faculdade conferida pela alínea 4) do  artigo 50.º da Lei Básica da Região Administrativa Especial de Macau , e nos termos da alínea a) do artigo 1.º e do artigo 118.º do  Regime Jurídi...

 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...