Former HKEX CEO Charles Li to Launch Micro Connect Exchange in Macau

What’s new: Former Hong Kong Stock Exchange chief Charles Li won approval to set up a financial assets exchange in Macao for the micro enterprises financing platform he co-founded, Li said Monday.

Micro Connect (Macao) Financial Assets Exchange Co. Ltd. is expected to start operation by the end of the first quarter, Li said. The enterprise will offer global investors access to China’s real economy with a new asset class – Daily Revenue Contract Certificates, or DRCCs, he said. Li is the former chief executive of Hong Kong Exchanges and Clearing Ltd. (HKEX).