Dec 15, 2023 08:24 PM

FINANCE

Q&A: Charles Li Explains His New Financing Model for Small Businesses

By Wang Duan and Denise Jia

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Charles Li, former chief of the Hong Kong Stock Exchange and co-founder of Micro Connect. Photo: VCG

Charles Li, former chief of the Hong Kong Stock Exchange and co-founder of Micro Connect. Photo: VCG

Former Hong Kong Stock Exchange chief Charles Li’s Micro Connect is selling a new financing model to small businesses in China. Borrowers, mostly chain retailers, pledge a percentage of their sales to repay their debt. Micro Connect then lists its contracts with the borrowers on an exchange it launched in Macao, providing an exit channel for the platform’s investors.

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