On the morning of March 25, the launching ceremony for the trial operation of the Drip Guantong Macao Financial Assets Exchange (MCEX) was held, with the presence of the Chief Executive of the Macao Special Administrative Region, He Yicheng. It marks the implementation of Executive Order No. 47/2022 issued by the Macao Special Administrative Region on December 5, 2022 (establishing and operating the Drip Irrigation and Macao Stock Exchange in Macao). The Secretary for Economy and Finance of the Macao Special Administrative Region, Li Weinong, and the founder and chairman of Drip Irrigation Connect, Li Xiaojia, jointly launched the Drip Irrigation Connect Macau Stock Exchange. "This is the world's first revenue sharing product DRO (Daily Revenue Publications) exchange, and it is a new financial market that connects global capital and small and micro startups in China." Li Xiaojia pointed out that with the Drip Irrigation Australia Exchange, tens of thousands of small and micro enterprises have direct financing channels in the capital market, and financing through exchanges is no longer the patent of very few large companies. As a result, Macao will also become an important platform for international capital to invest in Chinese small and micro enterprises, promoting Macao's diversified development. Chen Shouxin, Chairman of the Administrative Committee of the Macao Monetary Authority, stated that the Drip Irrigation and Macao Stock Exchange is another achievement of the Authority's active deployment of the development of modern financial industry, utilizing Macao's highly open financial system, and introducing different types of financial institutions to settle in Macao. It is expected that after the trial operation of the Drip Irrigation Australia Stock Exchange, the business model will be gradually rationalized, a solid risk prevention mechanism will be established, and stable development will be achieved. After the launch ceremony, three small and micro store managers from the shampoo service store in Shenzhen, Guangdong, the retail convenience store in Jingjiang, Jiangsu, and the Chinese style fast food store in Hefei, Anhui, together with the founder of Diguantong, jointly launched the DRO listing ceremony for the first batch of small and micro stores on the Australian Stock Exchange of Diguantong, which means that the first batch of small and micro stores have obtained funds through the exchange and have a new path to enter the capital market. In addition, the 1000 yuan daily payment collection index (drip irrigation volume index) and drip irrigation comprehensive index were launched simultaneously, leading to the official establishment of the fund. It is reported that Diguantong has cooperated with more than 200 chain brands and completed investment in more than 2800 stores nationwide, covering retail, catering, service, sports and other industries. (Liao Xinshe)
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