Hong Kong, June 20 – The Chief Executive of the Macao Special Administrative Region (Macao SAR), Mr. Ho Iat Seng, met with Mr. Charles Li, Co-Chairman of the 2024 Yabuli China Entrepreneurs Forum and Founder and Chairman of Micro Connect, along with his delegation at the government headquarters. They discussed new opportunities for the development of the Greater Bay Area and the accelerating industrial development in Macao and the Guangdong-Macao Cooperation Zone in Hengqin. On the same day, the Yabuli Forum Board of Directors visited the Micro Connect Macao Financial Assets Exchange (MCEX) office.
The Chief Executive welcomed the Yabuli Forum Board of Directors to Macao and highlighted the SAR government’s active implementation of the “1+4” appropriate economic diversification strategy. This strategy aims to enrich Macao’s role as a center for integrated tourism and leisure while developing four nascent industries: the “Big Health” industry, modern financial services, high and new technology, and convention and exhibition, sports, and the commercial and trade industries. This year marks the 75th anniversary of the founding of The People’s Republic of China, the 25th anniversary of the establishment of the Macao SAR, and the fifth anniversary of the Greater Bay Area Development Plan. The SAR government will continue to support the various construction projects in the Greater Bay Area to enhance market integration. He hopes the Yabuli Forum entrepreneurs will seize new development opportunities in the Greater Bay Area and the In-Depth Cooperation Zone, fostering cooperation and industrial interactions. He also mentioned that Macao was named the “Best Asian Conference City” in 2023 and welcomes the Yabuli Forum and global conference and exhibition industry to hold events in Macao.
Co-Chairman Mr. Charles Li expressed that the Yabuli China Entrepreneurs Forum is dedicated to creating a platform for entrepreneurs to exchange ideas and build a foundation for win-win partnerships, facilitating coordinated development in the Greater Bay Area and accelerating its integration. He noted that Macao has shown new vitality and potential in financial services, the conference and exhibition economy, and technological innovation in recent years. The Yabuli Forum entrepreneurs are eager to help Macao promote moderate economic diversification, expand new spaces for residents’ living and employment, and contribute to the overall economic development of the country.
On the morning of June 20, the Yabuli Forum Board of Directors visited the MCEX office. Mr. Charles Li welcomed the delegation and led a tour of the MCEX workplace, introducing its development.
Mr. Charles Li explained that Micro Connect has now fully entered the exchange operation phase and advocates for utilizing China’s global advantages in the consumer economy, promoting digitization and fintech in financing micro and small enterprises, and establishing an inclusive revenue-based financing (RBF) infrastructure. This provides new investment and financing opportunities for international investors, micro and small businesses, and diverse market participants. As a licensed revenue-sharing exchange, MCEX leverages China’s digital advantages and the bridging role of Hong Kong and Macao to facilitate the interconnection of international capital and China’s micro and small businesses.
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About Micro Connect
Founded in 2021, Micro Connect is a technology and exchange platform that connects global capital with small local businesses using a new proprietary asset class – Daily Revenue Obligations (DROs). Through its Micro Connect (Macao) Financial Assets Exchange (MCEX), the world’s first licensed exchange for daily-revenue-based financing, global investors have deployed over US$ 600 million to more than 12,000 micro and small businesses in the food & beverage, retail, services, and culture & sports industries across over 280 cities in Greater China.
For more information, please visit www.microconnect.com and follow on LinkedIn: Micro Connect | 滴灌通, and WeChat: 滴灌通Micro Connect.
