来源：大湾区经济门户 大湾区经济网香港讯（王强）全球投资机构Fore富尔基金（Fore Fund）今日披露，其已开始战略性布局 由香港交易所前行政总裁李小加先生创办的"滴灌通"创新金融模式，并已对滴灌通澳门金融资产交易所 （MCEX）上的部分结构性产品（SPAC）进行了初步投资尝试。此举标志着富尔基金正式将"每日收入 分成凭证（DRO）"这一新兴资产类别，纳入其全球投资雷达，旨在深度参与并推动解决全球中小微企 业的融资难题。 滴灌通澳交所自2023年8月正式营运以来，以其颠覆性的模式引发了全球资本市场的广泛关注。它通过 将中小微企业（尤其是餐饮、零售等消费行业）未来的每日部分收入打包，创设为标准化的、可交易的 数字金融凭证（DRO），让这些传统意义上难以获得长期、低成本融资的企业，得以直接对接国际资 本。 SPAC在滴灌通澳交所的生态中，扮演着类似"上市投资基金"的角色，由专业的投资管理人发起，募集 资金后，再投资于平台上多个中小微企业的DRO资产组合。 富尔基金的投研团队指出，滴灌通澳交所上已涌现出一批极具活力的消费品牌，例如知名的连锁餐饮品 牌"大斌家串串火锅"，以及将电竞体验融入传统酒店的创新企业"YY ...

Core Viewpoint - The primary focus of the article is on the upcoming launch of SPACs on the滴灌通澳交所 (MCEX), emphasizing the importance of fundraising for investment in listed fund products [1][7]. Group 1: SPAC Overview - A new SPAC, 东方尚饮1号SPAC, is set to be listed on MCEX, with its issuance ending on May 7, 2023. As of May 6, its net assets were RMB 200,000, with a net asset value of RMB 1 per share [2]. - SPACs serve as digital investment vehicles that allow small and micro enterprises to raise funds through revenue-sharing models on MCEX, enabling investors to gain returns from new technology and consumption sectors [2]. Group 2: SPV Details - The SPV, 尚饮AI智饮能量站-无锡南长街, is one of the projects invested by 东方尚饮1号SPAC, with a financing amount of RMB 199,999.0521 and an expected annualized return of 11.13% over a 16-month period [3]. - The SPV was established on April 21, 2023, with an initial issuance of 15,333 shares aimed at expanding production capacity [3]. Group 3: Company Background - 尚饮 (Shanghai) Industrial Co., Ltd. operates the AI beverage store in Wuxi, which combines traditional cultural elements with modern technology, aiming to provide a personalized consumer experience [5]. - The company was founded in 2022 and has developed the third-generation SMYZE intelligent beverage system, holding 42 intellectual property rights, with 18 attributed to its founder, 郑方 [6]. Group 4: Market Context - As of May 6, 2023, MCEX has listed 91 SPVs and 74 SPACs, with total underlying assets reaching 13,913 and cumulative financing amounting to RMB 54.25 billion [6]. - The滴灌通澳交所 is the first licensed revenue-sharing exchange globally, allowing small and micro enterprises to raise flexible and affordable long-term funds [6].