Former HKEX boss Charles Li’s new platform aims to provide finance to 10,000 small companies in mainland China

//Former HKEX boss Charles Li’s new platform aims to provide finance to 10,000 small companies in mainland China

Former HKEX boss Charles Li’s new platform aims to provide finance to 10,000 small companies in mainland China

A new microfinancing platform founded by the former boss of Hong Kong stock exchange is aiming to provide much-needed funds to 10,000 small companies and one-man enterprises in mainland China in its first year.Micro Connect, launched last week by Charles Li Xiaojia and financier Gary Zhang, may need to raise up to 10 billion yuan (US$1.5 billion) from global investors in order to do this.“The mission of Micro Connect is to connect very promising small enterprises with global capital,” Li, the…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-08-15T03:30:15+00:00 August 15th, 2021|Business|Comments Off on Former HKEX boss Charles Li’s new platform aims to provide finance to 10,000 small companies in mainland China