Former HKEX CEO Charles Li Xiaojia’s firm Micro Connect launches fundraising platform for small Chinese businesses

Name: Former HKEX chief unveils new foreign investment platform to finance Chinese small businesses
Uploaded: 2023-08-03T01:30:14.000Z
Duration: 8 min 22 s
Description: Former HKEX chief unveils new foreign investment platform to finance Chinese small businesses

The official launch on Thursday of Micro Connect’s Macau-based exchange comes a day after the company announced US$458 million in new funding

The 2-year-old company founded by Charles Li aims to build ‘the world’s largest financial market for micro and small business investing’, Li says

Reading Time:3 minutes

Why you can trust SCMP

Micro Connect founding chairman Charles Li Xiaojia (far left), Macau Secretary for Economy and Finance Lei Wai-nong (fourth from left) and Macau Chief Executive Ho Lat-seng (sixth from left) hosted the launch ceremony of Micro Connect Macau Financial Assets Exchange at Galaxy International Convention Centre in Macau on August 3, 2023. Photo: Enoch Yiu

Enoch Yiu

Published: 9:30am, 3 Aug 2023Updated: 3:44pm, 3 Aug 2023

Micro Connect, an investment platform co-founded by the former boss of Hong Kong Exchanges and Clearing (HKEX), Charles Li Xiaojia, on Thursday afternoon officially launched its Macau exchange that aims to help small Chinese companies raise funds.

The launch ceremony of the Micro Connect Macau Financial Assets Exchange (MCEX) was attended by over 1,300 guests and hosted by Macau Chief Executive Ho Lat-seng and Secretary for Economy and Finance Lei Wai-nong, alongside the co-founders of the platform, Li and Gary Zhang.

“The MCEX can take advantage of Macau’s policy advantages and highly open financial system to guide international funds to invest in Macau,” Lei said during the ceremony at Galaxy International Convention Centre in Macau.

“By empowering micro and small businesses in Mainland China via the new interconnectivity mechanism, MCEX can help diversify Macau’s economy and contribute to the development of the Chinese economy.”

08:22

Former HKEX chief unveils new foreign investment platform to finance Chinese small businesses

Micro Connect’s Li said the exchange is a new milestone in fundraising for Chinese companies.