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Micro Connect Macao Financial Assets Exchange (MCEX)

The first licensed global exchange for Daily Revenue Obligations (DROs)

MCEX is a financial institution approved by an executive order signed by the Chief Executive of Macau in December 2022 and regulated by the Monetary Authority of Macao. We connect institutional capital with micro and small businesses using proprietary market infrastructure and technology that collects and delivers daily revenue shares to global investors.

  • Direct cross-border access to daily revenue shares from quality micro and small businesses for global investors
  • Diversified and granular exposure to a broad spectrum of quality brick-and-mortar stores in China’s consumer economy
  • Flexibility for investors to construct and trade portfolios by selecting any given stores from any given periods of time
  • Accuracy, security and efficiency with a blockchain-enabled trading, clearing and settlement system

Daily Revenue Obligations (DROs)

  • DROs are “non-equity, non-debt” instruments tradable on MCEX and represent economic entitlements to the top-line revenue share of consumer stores in China
  • Daily cash flow collection and real-time access to daily revenue data through MCEX’s digital infrastructure

Daily Revenue Portfolios (DRPs)

  • DRPs are standardized products that are offered and traded on the exchange, representing economic entitlements to portfolios of DROs
  • Underlying DRO portfolio of each DRP are carefully constructed and distributed by qualified DRP issuers to entail tailored but well-diversified investment exposures
  • DRP allows investors to leverage sophisticated expertise in curating a portfolio and mirror the attractive risk-return profile of the underlying DRO assets
  • DRP, enabled by the underlying granularly labelled DROs, can provide targeted exposure according to sector, geographical region, issuers, or any combination of the above

“Since our founding in 2021, we have successfully built a fully integrated platform to directly access the cash flows of China’s consumer economy, and established track record for the new asset class.”

Assets in Our Market

Total Issue Amount (CNY)
Stores Funded


As of September 8, 2023
(1 CNY = 0.14 USD)

Avenida Comercial de Macau, FIT Centre, 16th Andar A,J,K Macau

Micro Connect Group website:

General Enquiry

Macao Landline: 853-2883-2388
Macao Fax: 853-2828-0388

Investors should note that investments in DROs/DRPs on MCEX are subject to investment risks, including the possible loss of the principal amount invested.
MCEX is regulated by the Monetary Authority of Macao. Company Registration Number [SO97314]. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Services apply.

© 2023 MCEX. All rights reserved.

Welcome to the Website of MCEX


Important Information

By continuing to enter this website, you confirm that you have read and agree to the below legal terms, together with any additional terms and conditions that apply to individual pages within this website (together, the “Terms”). If you do not agree with these Terms or fail to comply with any of the Terms, you must leave and refrain from using any information from this website.

This website (the “Website”) is operated by Micro Connect (Macao) Financial Assets Exchange Co., Ltd (“MCEX”), which was established and carries out its business in Macao pursuant to Executive Order No. 47/2022 announced by the Chief Executive of the Macao Special Administrative Region of the People's Republic of China ("Macao") on 5 December 2022. MCEX provides trading services for financial assets, with an aim of leveraging Macao as a hub to connect global capital with micro and small businesses using digital technology.  

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