HKUST Business Review

A Cashless Future “China is becoming a largely cashless society on the transactional payment side,” said Li, who also serves as the Chairman of Micro Connect (Macao) Financial Assets Exchange. The company’s pilot model connects investment capital with “small shops” and shares out agreed proceeds, attracting considerable interest. “I thought why can’t investment be directed to reach small and micro enterprises, which have been underserved by the financial market? We don’t have to offer individuals in need of funding a ‘big’ product. We simply ask about their plans for the next year, agree on an amount, and reach a decision very quickly.” The results thus far prove the value of digital systems in fostering a more localized concept of finance, based on a clear assessment of investment potential, risk, and projected daily cash flows. Everything operates on short timeframes, rapid response times, and a focus on achieving results in the near future. Seizing Opportunities “For a small business, it means that money can now come to you, rather than you having to come to the financial market,” Li said. “Currently, we are exploring additional ways to capture early- stage opportunities by expanding into post-revenue investments in established players. While everyone seeks the next Douyin or Tencent, many other companies can offer good portfolio returns. If they receive critical capital at the right time, they won’t die prematurely.” About Micro Connect Founded in 2021, Micro Connect is an exchange group that leverages financial technology to connect global capital with micro and small businesses. Through its innovative revenue sharing investment and financing model, small business can access affordable long-term capital on MCEX, the world’s first licensed exchange for daily revenue shares. For a small business, it all means that money can now come to you, rather than you having to come to the financial market. HKUST Business Review 25 Cover