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It is reported that this weekend, Micro Connect Financial Assets Exchange (MCEX) was launched in Macao, a blockchain driven exchange founded by Li Xiaojia, former CEO of the Hong K

Introduction

It is reported that this weekend, Micro Connect Financial Assets Exchange (MCEX) was launched in Macao, a blockchain driven exchange founded by Li Xiaojia, former CEO of the Hong Kong Stock Exchange, and supported by the risk department of the Agricultural Bank of China and Li Ka shing’s Horizons Ventures. Micro Connect utilizes a novel digital asset to finance micro and small businesses in China, especially consumer facing businesses such as restaurants, retail stores, and sports clubs.

Former CEO of HKEx Launches Micro Connect for Blockchain Asset Exchange

Over the past few years, blockchain technology has been gaining momentum around the world. Its potential to disrupt the financial industry has not gone unnoticed by investor Li Xiaojia, former CEO of the Hong Kong Stock Exchange. Recently, his blockchain-driven exchange Micro Connect Financial Assets Exchange (MCEX) was launched in Macao. This exchange aims to revolutionize the way small and micro businesses in China finance their operations by offering a novel digital asset.

What is Micro Connect Financial Assets Exchange (MCEX)?

MCEX is a blockchain-driven exchange founded by Li Xiaojia, supported by the risk department of the Agricultural Bank of China, and backed by Li Ka shing’s Horizons Ventures. The exchange offers a new digital asset that can be used to finance small and micro businesses in China, with a focus on consumer-facing businesses such as restaurants, retail stores, and sports clubs.

The Benefits of MCEX

Traditional financing options have been out of reach for many small and micro businesses in China. MCEX offers a new way for these businesses to finance their operations. Here are some benefits of using MCEX:

A new digital asset

MCEX offers a new digital asset that is backed by real assets. This allows small and micro businesses to get financing that is backed by actual assets, not just promises.

No collateral needed

Another benefit of using MCEX is that collateral isn’t required. This means that businesses that don’t have any assets to put up as collateral can still get financing.

Lower fees

Traditional financing options can be expensive, with high fees and interest rates. MCEX offers financing with lower fees and interest rates, making it more accessible for small and micro businesses.

How MCEX Works

MCEX works by creating and selling digital tokens, which are backed by assets. Investors can buy these tokens, and the funds raised are used to provide financing to small and micro businesses. The loans are repaid in a traditional currency or with the new digital asset.
The use of blockchain technology adds transparency to the process, making it more secure and efficient. The use of MCEX’s new digital asset allows businesses to access financing that they may not otherwise be able to obtain from traditional sources.

Conclusion

The launch of Micro Connect Financial Assets Exchange (MCEX) is a promising development for small and micro businesses in China. This exchange offers a new way for these businesses to get financing that is backed by real assets and has lower fees and interest rates than traditional financing options. By using blockchain technology, MCEX adds transparency and security to the financing process, making it more accessible for small and micro businesses.

FAQs

1. How is MCEX different from traditional financing options?
MCEX offers a new digital asset that is backed by real assets, lower fees, and no collateral requirements. Traditional financing options can be expensive, with high fees and interest rates, and can require collateral.
2. How does MCEX use blockchain technology?
MCEX uses blockchain technology to add transparency and security to the financing process. This technology allows for the creation and sale of digital tokens, which are used to provide financing to small and micro businesses.
3. What types of businesses does MCEX focus on financing?
MCEX focuses on financing consumer-facing businesses such as restaurants, retail stores, and sports clubs in China.

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