By Bloomberg (Business) | Created at 2024-09-26 09:22:46 | Updated at 2024-09-30 19:33:33
4 days ago
September 26, 2024 at 4:32 AM EDT
A former head of the Hong Kong stock exchange has launched an exchange in neighboring Macau to list Chinese micro businesses.
Charles Li, co-founder of Micro Connect Ltd., said the firm’s licensed exchange in Macau has listed 39 small firms. The trading platform adhered to rules very similar to traditional finance but takes into account the specific features of smaller firms with funding needs, he said at a ceremony in Macau on Thursday.
