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Breakingviews - HKEX alum helps Macau take micro-step into finance

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Small is beautiful. Hong Kong’s former stock market Chief Executive Charles Li, key driver of the wildly successful bilateral Stock Connect programme between mainland Chinese bourses and Hong Kong, is kickstarting an asset exchange in Macau. Micro Connect, which he founded last year in Hong Kong, allows global investors to buy “equity-like products” to finance enterprises in China in exchange for a share of daily revenue. According to the announcement on Monday, the initiative specifically targets offline stores and retail operators.

Chief Executive of Hong Kong Exchange and Clearing Charles Li speaks during a Reuters Breakingviews event in Hong Kong, China, January 9, 2020. REUTERS/Navesh Chitrakar

HONG KONG, Dec 6 - Small is beautiful. Hong Kong’s former stock market Chief Executive Charles Li, key driver of the wildly successful bilateral Stock Connect programme between mainland Chinese bourses and Hong Kong, is kickstarting an asset exchange in Macau. Micro Connect, which he founded last year in Hong Kong, allows global investors to buy “equity-like products” to finance enterprises in China in exchange for a share of daily revenue.

 

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