Latest news with #CharlesLi
South China Morning Post
29-06-2025
- Business
- South China Morning Post
Ex-HKEX boss Charles Li's new venture aims to transform Hong Kong's capital market
Charles Li Xiaojia, former CEO of Hong Kong Exchanges and Clearing (HKEX), who spearheaded multiple listing reforms during his 11-year tenure, is seeking to revolutionise capital markets again – this time by helping small companies raise funds. Advertisement Li filed on June 20 to list his newly launched Micro Connect International Finance (MCIF) under HKEX's Chapter 21 regime – a framework designed for investment companies seeking capital from institutional investors. 'When I was at the exchange, we did not like the structure of the Chapter 21 listing rule, as it allowed investment companies to raise funds to invest in a basket of stocks, bonds and other products without a clear theme and standard,' Li said on Thursday. However, MCIF had a clear theme and structure, as it allowed international investors to invest in cash-flow-based assets of small companies and start-ups in mainland China and elsewhere, he added. Charles Li speaks at a media briefing on Thursday. Photo: Handout Unlike conventional listed companies that must meet profit, revenue and asset thresholds, Chapter 21 enables newly established investment firms to raise at least HK$150 million (US$19.23 million) from a minimum of 300 qualified investors, each committing HK$500,000 or more. Advertisement The rules have been in place since 1989, but so far only 21 firms have taken this route. China New Economy Fund was the last to do so in January 2011, a year after Li took over the HKEX's reins.
South China Morning Post
19-06-2025
- Business
- South China Morning Post
Former Hong Kong exchange CEO Charles Li aims to list start-up in small-firm financing
Charles Li Xiaojia, the former CEO of Hong Kong's stock-exchange operator, aims to return to the bourse he once ran – as the head of a listed company. Advertisement Micro Connect International Finance Company, an investment company set up in May, applied on Wednesday to list under the exchange's Chapter 21 listing rule, which is tailored for investment companies to raise funds from institutional investors. Li, 64, stepped down as CEO of Hong Kong Exchanges and Clearing (HKEX) in 2021 after a decade at the helm. 'It is nice to come home,' Li told the Post on Thursday. He declined to specify a fundraising target. The proceeds would be used to make investments in start-ups and companies with cash flow to provide a return to shareholders, the filing said. Li is Micro Connect's chairman and executive director. The company, which has no current operations, is among six companies that filed for listings on Wednesday, underlining strong momentum this year for initial public offerings (IPOs) in the city. A total of 43 new listing applications have come in so far this month, increasing the population of hopefuls to 200. Advertisement
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Business Standard
03-06-2025
- General
- Business Standard
India and Taiwan: Charles Li's book offers key insights on bilateral ties
By giving up diplomatic relations with Taiwan and recognising PRC, India has voluntarily limited its negotiating space with China Listen to This Article India and Taiwan: A Reality Check by Charles Li Published by KW Publishers 274 pages ₹1,080 There are few books on India-Taiwan relations, let alone a comprehensive one. That is why India and Taiwan: A Reality Check, written by a Taiwanese career diplomat who was posted in India, merits attention. India and Taiwan — two robust and pulsating democracies — do not share diplomatic relations. India withdrew diplomatic recognition to the Republic of China (RoC), the official name of Taiwan, after its decision to recognise the People's Republic of China (PRC) on December 30, 1949. Following India's 'One China Policy', New Delhi
