Post by : Jyoti Gupta

Photo: linkedin

Charles Li, who used to be the boss of Hong Kong’s stock exchange, wants to bring his new company, Micro Connect, to the same stock market he once ran. Micro Connect is a company that helps small businesses get money from big investors. Li and his team have asked for permission to list Micro Connect on the Hong Kong stock exchange. If they get it, they will use the money they raise to invest in small companies that have steady cash flow, hoping to give profits back to their own investors.

Micro Connect doesn’t have any business running yet, but it’s one of six companies that applied to go public on the same day. This shows that lots of companies want to join the Hong Kong market now—over 40 have applied just this month, and about 200 are waiting for their turn.

When I was in charge of the stock exchange, he created Stock Connect, a system that lets money move between Hong Kong and China’s stock markets. Now, with Micro Connect, he wants to help even more small businesses, not just in China but in other parts of Asia and the world. The company has already started a platform in Macau where investors can earn a share of small businesses’ daily earnings. They want to expand and get more investors from around the world.

Li says many small businesses are strong and growing, and Micro Connect wants to help them by giving them the money they need to grow. The company hopes to attract big investors who are only allowed to put money into companies that are listed on the stock market.

This move is part of a bigger trend—Hong Kong is seeing a lot of new tech and investment companies wanting to list there, thanks to new rules that make it easier for them. Experts believe this strong interest in listing will continue for a while.