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Linking global capital to small stores
It’s being done in China by a Hong Kong-based fintech, and it could spread.
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It has become possible for small stores to access the global capital market, without incurring any debt or parting with equity.
PHOTO: REUTERS
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Among financial innovations, there is now a new milestone. It has become possible for small stores – even just a single shop – to access the global capital market without incurring any debt or parting with equity, and with limited risk. It’s already happening in China.
What has made it happen is the combination of large-scale digitalisation of the economy down to the retail sector, and an innovative investment product never seen before which enables investors to earn returns on a daily basis.
