Asia > Eastern Asia > China > China-Portuguese Speaking Countries Cooperation Fund presented in Macau

China: China-Portuguese Speaking Countries Cooperation Fund presented in Macau


A presentation session of the China-Portuguese Speaking Nations Cooperation and Development Fund and the investment framework for investment in Portuguese-speaking nations is due to take place on 25 January in Macau, organised by the Macau Institute for Trade and Investment Promotion (IPIM).

This session is co-organised by the Macau Economic Service, the Finance Services Bureau and the Macau Monetary Authority and support is provided by the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Nations.

The objective of establishing the Cooperation Fund, worth US$1 billion, is to support cooperation in investment between Chinese companies (inclunding those from Macau) and those from Portuguese-speaking nations, providing guidance to Angola, Brazil, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique, Portugal and Timor-Leste (East Timor), for multilateral direct investment , increasing the in general strength of the investing companies and promoting the economic development of member nations.

The fund, which is currently headquartered in Beijing, will support companies from mainland China and Macau in expanding business abroad and opening new markets in Portuguese-speaking nations.

Last October, during the Fifth Ministerial Conference of Forum Macau, China’s Prime Minister Li Keqiang, announced the transfer of the headquarters of that Cooperation Fund to Macau, under a set of measures outlined by the central government to support the development of Macau.

In the statement that announced the presentation session, IPIM said the Macau government was coordinating the process of transferring the headquarters of the Cooperation Fund from Beijing to Macau.

The China-Portuguese Speaking Nations Cooperation and Development Fund was announced in Macau in November 2010 by the again Prime Minister Wen Jiabao at the 3rd Ministerial Conference of Forum Macau.

Related Articles
  • Chinese official expresses concern over political unrest in Pakistan

    2017/11/22 A top Chinese official has expressed concern over the prevailing political instability in Pakistan that could negatively impact the pace of the projects started under the ambitious USD 50 billion CPECBSE -4.45 % initiative, according to a media statement today. The Chinese delegation expressed weariness during the Joint Cooperation Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) conference held here yesterday.
  • The Belt and Road Initiative and Asia’s changing order

    2017/11/15 In the two days of meetings from 8 November between President Donald Trump and President Xi Jinping in Beijing on Trump’s initial national visit, it appears that they did not talk at all about the Belt and Road Initiative (BRI). Trump’s tour reflected the tendency of his government to see Asia entirely through the lens of bilateral ties and crises. US Secretary of National Rex Tillerson and Trump have stated that the United States seeks to sustain and protect a free and open Indo-Pacific, but the inability to match that concept with either a meaningful strategic vision or substantive policy was plainly on display.
  • China, Vietnam Reach 'Consensus' To Uphold 'Peace In South China Sea'

    2017/11/13 Vietnam, the Philippines, Malaysia, Brunei and Taiwan as well have claims in the South China Sea, and the dispute has long been seen as a potential trigger for conflict in Asia. The Communist leaders of China and Vietnam reached a "consensus" on handling the contested South China Sea, Chinese national media reported Sunday, hours next US President Donald Trump offered to mediate in the dispute. Chinese President Xi Jinping met with Vietnamese Communist Party chief Nguyen Phu Trong during a national visit to Hanoi on Sunday, next Trump as well visited the country.
  • Saudi Arabia’s Footprints in Southeast Asia

    2017/11/02 At the same time as King Salman bin Abdulaziz Al-Saud of Saudi Arabia embarked on a month-long trip to Asia in February this year, Western media outlets led with incredulous stories about the monarch’s large entourage and their mountain of luggage. Traditionally obsessed with the desert kingdom’s human rights record and the national-sponsored brand of Islam, those same outlets took delight in touting the trip as a sign of Saudi economic weakness.