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The First Micro and Small Businesses Ecosystem Conference and Official Launch of MCEX Held in Macao

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The First Micro and Small Businesses Ecosystem Conference and Official Launch of MCEX (MCEX Vision 2023) were held in Macao on the afternoon of August 3. It was honoured by the presence of Mr. Ho Iat Seng, Chief Executive of the Macao Special Administrative Region (Macao SAR), Mr. Zheng Xincong, Director of the Liaison Office of the Central People’s Government in the Macao SAR and Mr. Liu Xianfa, Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR. Mr. Charles Li, Founder and Chairman of Micro Connect, and Mr. Gary Zhang, Founder and CEO of Micro Connect, also attended the event, joined by an audience of over 600 guests, including investors, representatives of China’s micro and small businesses, and media.

Micro Connect Macao Financial Assets Exchange (MCEX) is a new exchange group digitally connecting global capital with China’s micro and small businesses to establish a new financial market with high inclusivity and social impact. As MCEX’s inaugural conference on micro and small businesses in Macao, MCEX Vision 2023 carries significant meanings.

Mr. Lei Wai Nong, Secretary for Economy and Finance of the Macao SAR, said in his speech, “After its official launch, MCEX can take advantage of Macao’s policy advantages and highly open financial system to guide international funds to invest in Macao. By precisely empowering micro and small businesses in the Chinese Mainland via the new interconnectivity mechanism, MCEX can help diversify Macao’s economy and contribute to the high-quality development of the Chinese economy.”

Mr. Charles Li, Founder and Chairman of Micro Connect, said, “August 3 is a special day. Two years ago, today, we announced the launch of Micro Connect. We have gradually delivered the promises of connecting global capital with China’s micro and small businesses. Now that the company has completed a new round of fundrasing and MCEX is in operation, we have entered a new stage of development. MCEX is a new market, and we expect to see more ecosystem partners to join us, pool their wisdom and insights, and explore the investment opportunity in the blue sea of China’s micro and small businesses.”

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As a brand-new financial infrastructure, MCEX empowers the real economy, and brings the consumption sector with new opportunities. During the conference, Mr. Charles Li, Founder and Chairman of Micro Connect, and Mr. Gary Zhang, Founder and CEO of Micro Connect, held separate panel discussions with Mr. Luo Zhenyu, Founder of DeDao, and Mr. Ding Liye, Chairman of SCPG, sheding light on the financial revolution in the digital age and the evolution of micro and small businesses empowered by new financial infrastructure.

During the roundtable, Mr. Ramon Li, Partner and China CEO of Micro Connect, exchanged in-depth thoughts with Ms. Li Chengjing, Co-founder of Nan Hotpot, Ms. Chen Ziwei, Founder of Savelots, Mr. Wang Jianlin, Founder of Mr. Judy, and Mr. Fang Lichen, Chairman of Cartoony World, on the resilience of China’s consumer brands.

During the official launch of MCEX, Mr. Gary Zhang, Founder and CEO of Micro Connect, said, “MCEX is a big platform, and it requires strong support and active participations of various partners to fully connect international capital with micro and small businesses. I hereby invite all of our dear friends to join us on this journey and show the world the power of micro and small businesses!”

After its official launch, MCEX will leverage the geographical advantage of Macao at the “intersection” of dual circulation to connect international capital with China’s micro and small businesses, enable business evolution via new infrastrucutre, and contribute to Macao’s economic diversification.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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