CDB News

CPDFund Headquarters Officially Established in Macao

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Time:2017-06-01  Source:CDB

The China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) headquarters is officially established in Macao today. Through this effort, the CPDFund will give full play to the advantage of Macao’s relationship with Portuguese-speaking countries, help bring Macao into the “One Belt, One Road” initiative, build a service platform for business and trade cooperation between China and Portuguese-speaking countries, strengthen the economic ties between Macao and mainland China, and between Portuguese-speaking countries and the rest of the world, and accelerate Macao’s economic transformation and diversification.

The unveiling ceremony was attended by Fernando CHUI Sai On, Chief Executive of the Macao Special Administrative Region (MSAR), Yu Jianhua, Vice Minister of Commerce of PRC and Deputy China International Trade Representative, Yao Jian, Deputy Director of the Liaison Office of the PRC Central People’s Government in the MSAR, Ye Dabo, Commissioner of the Ministry of Foreign Affairs of the PRC in the MSAR, Leong Vai Tac, Macao’s Secretary for Economy and Finance, Ding Xiangqun, Vice President of CDB, Xu Yingzhen, Secretary-General of the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries, Chi Jianxin, Chairman of CPDFund, and Fang Qiuchen, Chairman of China International Contractors Association(CHINCA).

The CPDFund established on June 26, 2013 is reported to be the first equity investment fund in China focusing on the investment in Portuguese-speaking countries. The Fund is jointly funded by CDB and the Macao Industrial Development and Commercialization Fund (FDIC), and administered by the China-Africa Development Fund (CADF). The purpose of the Fund is to guide and support the investment cooperation between Chinese companies (including those from Macao) and those from Portuguese-speaking countries by facilitating their economic and trade cooperation with market-oriented approaches. The total amount of USD 1 billion for the CPDFund has been fully in place and a series of projects in Portuguese-speaking countries such as Mozambique, Angola, and Brazil have been funded, covering modern agriculture, construction materials, PV industry, and other areas.

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