Charles Li, the CEO of Hong Kong Exchanges and Clearing Limited (HKEX), has unveiled Micro Connect, a new investment platform targeting retail investors. This platform will enable individuals to invest in small and medium-sized enterprises (SMEs) listed on the Hong Kong Stock Exchange (HKEX). Micro Connect aims to grant retail investors access to a broader range of investment opportunities, including those traditionally reserved for institutional investors. Additionally, it will support SMEs by providing a new funding source and enhancing their visibility among investors.
Diverse Sectors and Comprehensive Information
Micro Connect will feature SMEs from various sectors such as technology, healthcare, and consumer goods. The platform will supply investors with extensive information about the companies, encompassing financial statements, business plans, and management teams. It will also offer tools and resources like market data, research reports, and investment guides to help investors make informed decisions.
Expansion and Regulatory Compliance
Initially available to Hong Kong retail investors, Li has stated plans to eventually extend Micro Connect to other markets. The platform will also be fully compliant with all regulatory requirements, safeguarding investors’ assets and personal information.
Aligning with HKEX and Government Objectives
The introduction of Micro Connect aligns with HKEX’s broader strategy to expand its offerings and attract a more diverse range of investors to the Hong Kong market. HKEX has actively sought to diversify its product offerings, including launching new derivatives and commodity products, and acquiring the London Metal Exchange.
This initiative also supports the Hong Kong government’s efforts to foster the city’s SME sector. The government has implemented various measures, such as tax incentives and funding schemes, to encourage the growth and development of SMEs.
In conclusion, the launch of Micro Connect by HKEX aims to provide retail investors with access to SMEs listed on the Hong Kong Stock Exchange. This platform will offer detailed company information and an array of tools to assist in investment decisions. Micro Connect’s launch is part of HKEX’s strategy to broaden its offerings and attract diverse investors to the Hong Kong market while supporting the government’s efforts to promote the city’s SME sector.
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