[MACAO, March 25, 2023] In the morning of March 25, Micro Connect launched its Micro Connect Macao Financial Assets Exchange (MCEX) in Macao. MCEX is the first licensed global exchange for Daily Revenue Obligations (DROs), a new asset class that connects institutional capital around the world with China’s micro and small businesses.
The Chief Executive of the Macao Special Administrative Region (Macao SAR), Mr. Ho Iat Seng, Chairman of the Board of Directors of the Monetary Authority of Macao, Mr. Chan Sau San, together with Micro Connect Founder and Chairman, Mr. Charles Li, and Micro Connect Founder and CEO, Mr. Gary Zhang, officiated the “Prelude” ceremony with several key government officials in Macao. Key stakeholders of Micro Connect including investors from around the world, representatives of China’s micro and small businesses, industry associations and financial institutions attended the ceremony, along with the media.
Mr. Ho Iat Seng, Chief Executive of the Macao SAR (center) at the ceremony.
Micro Connect Macao Financial Assets Exchange (MCEX) “Prelude” ceremony
Mr. Chan Sau San, Chairman of the Board of Directors of the Monetary Authority of Macao, said in his speech, “The Monetary Authority of Macao is actively deploying the development of the modern financial industry, taking advantage of Macao’s highly open financial system, and introducing different types of financial institutions to settle in Macao. It is hoped that after the trial operation of MCEX, the business model will be gradually straightened out and a solid risk prevention mechanism will be established; at the same time, opportunities will be fully seized, based on the location advantage of the “intersection” of Macao’s dual circulation, and international funds will be introduced to help China’s micro and small businesses and the real economy, and contribute to Macao’s economic diversification.”
Mr. Chan Sau San, Chairman of the Board of Directors of the Monetary Authority of Macao, speaks at the opening ceremony.
Mr. Charles Li, Founder and Chairman of Micro Connect speaks at the opening ceremony.
The Chief Executive of Macao, Mr. Ho Iat Seng, and other guests of honor, together with the Founders of Micro Connect, Charles Li and Gary Zhang, came on stage to cut the ribbon and strike the gong, officially marking the launch of trial operations for MCEX.
Ribbon cutting ceremony with (from left) Mr. Charles Li, Mr. Chan Sau San, Ms. Ma Nai Fang, Mr. Lei Wai Nong, Mr. Ho Iat Seng, Mr. Liu De Cheng, Mr. Chui Sai Cheong, Mr. Li Guang, Mr. Gary Zhang.
Mr. Charles Li (left) and Mr. Lei Wai Nong (right) struck the ceremonial gong of the Micro Connect Macao Financial Assets Exchange (MCEX).
Following the ceremony, Mr. Gary Zhang, announced a number of major milestones for Micro Connect and MCEX: the launch of DROs, the world’s first exchange-traded revenue sharing product; the launch of the Micro Connect Leadership Fund; and the launch of the Micro Connect Daily Cash Index (MDCI) and Micro Connect Composite Index. He said: “The establishment of MCEX means that financing via financial exchanges is no longer exclusive to a small number of large corporates, but now a convenient choice for millions of micro and small businesses. As an important channel for these entities, Macao will rise to become a new international financial center in the digital age.”
Mr. Charles Li (left) and Mr. Lei Wai Nong (right) struck the ceremonial gong of the Micro Connect Macao Financial Assets Exchange (MCEX).Mr. Gary Zhang, Founder and Chief Executive Officer of Micro Connect, announcing key milestones for the company and MCEX.
The listing of the first batch of Micro Connect’s DROs was kicked off by Mr. Li, Mr. Zhang and owners of three stores in Mainland China funded by the MCEX platform, marking the start of a new funding channel for China’s micro and small businesses.
Listing ceremony for the first batch of DROs on MCEX. (From left) Mr. Charles Li, Mr. Wang Ji Ku, Ms. Li Hong Yan, Mr. Zhou Ying Qun, Mr. Gary Zhang.
Lastly, Mr. Gary Zhang said, “Let us remember this very moment. This is the first batch of micro and small businesses being funded on the exchange in human history! This is a historic moment for MCEX and for Macao, but most of all, for countless of micro and small businesses! Let us all cheer for Macao and the entrepreneurs of China!”
Through the new financial market platform, MCEX, Micro Connect hopes to provide China’s micro and small businesses with adequate and sustainable financing while allowing global investors to enjoy quality returns by tapping into their daily and transparent cash flows. Thereby, MCEX will create a blue ocean of opportunities for global capital while providing a significant boost to China’s grassroots economy. In the meantime, MCEX will also help to form the foundations of Macao’s financial infrastructure and further develop its innovation and technology industry. With this industrial upgrade and economic diversification, Macao will become a multi-level financial services center and a focal point in the Greater Bay Area
About Micro Connect
Micro Connect is a new financial market platform connecting global capital with China’s micro and small businesses. The Company has created Daily Revenue Obligations (DROs) as a new asset class for direct and diversified exposure to the daily and transparent cash flows of millions of stores in China’s vibrant consumer economy, while making capital more accessible and affordable to business owners. Investment returns are collected securely via the Automated Repayment Mechanism, a digital infrastructure network Micro Connect operates in partnerships with brands / franchises, financial institutions, and SaaS companies nationwide. To date, the platform has provided >US$120mm of funding to more than 2,900 stores with over 200 brands nationwide. With a licensed exchange platform, a fund platform, and structured product solutions, Micro Connect offers efficiency and liquidity in small business investing for global professional investors and offers a new alternative to impact investing.
Micro Connect Macao Financial Assets Exchange (MCEX)
Micro Connect Macao Financial Assets Exchange (MCEX) is the first licensed global exchange for Daily Revenue Obligations (DROs)*.
We connect global institutional capital with China’s micro and small businesses by collecting and delivering daily revenue shares to global investors.
For more information, please visit our official MCEX website: mcex.microconnect.com