Microfinance startup Micro Connect International Finance submitted papers for its potential listing in the Hong Kong bourse Wednesday.
The startup is listing under the Chapter 21 rule, according to documents submitted Wednesday.
The scheme allows investment companies to raise funds from institutional investors, the South China Morning Post reported Thursday.
Former Hong Kong Exchanges and Clearing (HKG:0388) Chief Executive Officer Charles Li Xiaojia chairs the startup, the SCMP said.
Li did not specify a fundraising target, according to the SCMP.
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