Headquarters of the Chinese-Portuguese-Speaking Cooperation and Development Fund in Macau inaugurated on 1 June

The Macau Special Administrative Region (MSAR) Secretary for Economic Affairs and Finance announced on Friday that the inauguration ceremony of the China-Portuguese-Speaking Cooperation and Development Fund in Macau will take place on 1 June.

Secretary Leong Vai Tac said that the inauguration of the headquarters of the Fund will take place at the same time as the VIII International Forum on Infrastructure Investment and Construction.

The headquarters of the Fund will initially be located in the Macau Business Support Centre, at the Macau Trade and Investment Promotion Institute (IPIM), and subsequently moved to the Complex of the Trade Cooperation Services Platform between China the Portuguese Speaking Countries.

The Fund for Development Cooperation between China and the Portuguese-speaking Countries, announced in November 2010 by the then Prime Minister Wen Jiabao at the 3rd Ministerial Conference of Forum Macau, has an initial budget of US$1 billion. (macauhub