To further actualize the series of measures taken by the Central Government to support the development of Macao, which also included the work related to the establishment of “China and Portuguese-speaking Countries Co-operation and Development Fund” Headquarters in Macao, the “China and Portuguese-speaking Countries Co-operation and Development Fund” Headquarters Unveiling and Signing Ceremony was held today (1 June), marking the moment that the Fund became officially based in Macao. At the initial stage, the office is located in the Macao Business Support Centre, a unit under the Macao Trade and Investment Promotion Institute. In addition, during the unveiling ceremony, two strategic cooperation agreements regarding investment and cooperation between Macao and Portuguese-speaking countries were signed between the “China and Portuguese-speaking Countries Co-operation and Development Fund” and enterprises from Mainland China and Macao.
Chui Sai On, Chief Executive of the Macao Special Administrative Region, Yu Jianhua, Vice Minister and Deputy China International Trade Representative, Ministry of Commerce of China, Yao Jian, Deputy Director of the Liaison Office of the Central People 's Government in the Macao Special Administrative Region, Ye Dabo, Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Macao Special Administrative Region, Leong Vai Tac, Secretary of Economy and Finance of the Macao Special Administrative Region, Ding Xiangqun, Vice President of the China Development Bank, Xu Yingzhen, Secretary-General of Permanent Secretariat of Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao), Fang Qiuchen, Chairman, China International Contractors Association, Chi Jianxin, Chairman, China-Africa Development Fund and others have attended this unveiling ceremony.
Following the official establishment of the headquarters of the “China and Portuguese-speaking Countries Co-operation and Development Fund” in Macao, the Fund commences to provide services, including providing consultation services and obtaining project financing for enterprises in Macao, while helping Mainland China, Portuguese-speaking countries and enterprises to get involved in “The Belt and Road” collaboratively. The Fund shall strengthen Macao’s role as the financial and commercial cooperation platform for China and Portuguese-speaking countries. The China and Portuguese-speaking Countries Co-operation and Development Fund was one of the six collaborative measures announced by Chinese Government in the 3rd Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries in 2010. Since its official establishment in June, 2013, it has been aiming to bring about financial, investment and trade cooperation between enterprises from China (including those from the Macao SAR) and those from Portuguese-speaking countries.
At present, the Fund garners capital amounting to USD1 billion. The Fund has been co-financed and set up jointly by the National Development Bank and the Macao Industrial and Commercial Development Fund. The China-Africa Development Fund has been entrusted with the administration of the Fund. The Fund has been actively pursuing projects undertaken jointly by China and Portuguese-speaking countries. Within the framework of the China-Portugal Cooperation Forum, the Fund has been developed to become an important investment and financing platform, advancing the commercial cooperation between China and Portugal. The Fund has invested in and supported a series of projects in countries including Mozambique, Angola, and Brazil, pushing forward the cooperation in agricultural modernization, and that in the augmentation of industrial capacity in areas such as building materials production, and photovoltaic technology. Presently, the Fund is following the progress of over 20 projects and aims to extend its coverage to all Portuguese-speaking countries.
At the initial stage, the Fund’s Headquarters is located in the Macao Business Support Center, under the Macao Trade and Investment Promotion Institute, situated on the 19th Floor, Edificio Chong Tou. For inquiry, please contact the office at +853-87989708or email to zhongpujijin@cadfund.com. As and when the multi-functional “Trade and Economic Co-operation Service Platform between China and Portuguese-speaking Countries Complex” is inaugurated, the Fund’s Headquarters will move to the Complex. In the meantime, the six liaison offices/representative offices of the Macao Trade and Investment Promotion Institute located in Mainland China continue to provide application documents’ collection and general consultation services related to the China and Portuguese-speaking Countries Co-operation and Development Fund.
