A local restaurant group has joined the investment platform of Micro Connect, whose financial assets exchange started operating in Macau early last month, marking Micro Connect’s first cooperation with businesses outside the mainland, representatives from the two entities announced yesterday.
Micro Connect (Macau) Financial Assets Exchange (MCEX), founded by Charles Li Xiaojia, former CEO of Hong Kong Exchanges and Clearing Limited (HKEX), officially started its operation on August 3.
The Micro Connect investment platform uses Daily Revenue Obligations (DROs) that enable global investors to share daily revenues generated by small businesses “transparently and safely”.
MCEX has become the world’s first DRO financial market.
An agreement signing ceremony between Micro Connect and the restaurant group, Hao Yue Catering Group Company Limited, was held at Mandarin Oriental Hotel in Nape yesterday.
Micro Connect was co-founded in 2021 by Li and his fellow veteran investor Gary Zhang Gaobo. Micro Connect is headquartered in Hong Kong.
Li is the chairman of Micro Connect, while Zhang is its CEO.
MCEX is headquartered on the 16th floor of the Finance and IT Centre in Nam Van.
Yesterday’s ceremony was attended by Secretary for Economy and Finance Lei Wai Nong, Li, Zhang, as well as several Hao Yue representatives.
According to its website, Micro Connect is a new financial market platform connecting global capital with China’s small and micro businesses, which have difficulty in accessing investment and financing through traditional financing tools. By making use of fintech, the platform aims to offer the country’s small and micro firms a new alternative for them to access affordable funds to develop their businesses.
Zhang said at yesterday’s ceremony that he aimed for Macau’s first business joining the Micro Connect investment platform to help promote the popularisation of digitalisation in Macau’s small and micro businesses.
Lei said that the local government expected young local people to make good use of the Micro Connect investment platform when engaging in their entrepreneurship startups.
Guo Peng (front, left), Micro Connect’s General Manager in Southern China, and Ngan Man In (front, right), a director of Hao Yue Catering Group, sign an investment agreement during yesterday’s ceremony at Mandarin Oriental Hotel in Nape, with guests such as Secretary for Economy and Finance Lei Wai Nong (third from right, back), Micro Connect Chairman Charles Li Xiaojia (second from right, back) and CEO Gary Zhang Gaobo (second from left, back) on the back.
– Photo courtesy of TDM
