China Development Bank open to supporting Macau companies

The China Development Bank (CDB) has announced that it is open to studying ways to support small and medium-sized enterprises in Macau to expand their business abroad.

Vice-President Ding Xiangqun, speaking at a meeting with Macau’s Chief Executive Chui Sai On, said that the CDB will strengthen cooperation with Macau’s financial companies and institutions with the aim of developing their businesses.

At the meeting on Friday, Ding gave assurances that the CDB will continue to raise awareness of the advantages of the Fund for Development Cooperation between China and the Portuguese-speaking Countries, so that Macao and the Chinese interior can explore markets and business opportunities in those countries.

Ding also said that the bank is China’s largest investment and financing bank abroad and recalled that one of the CDB’s missions is to grant loans and financial support to projects in the countries and regions covered by the “Belt and Road.”

Chui also gave assurances that Macau will continue to support Portuguese-speaking countries, particularly in the financial sector, and considered that because the Fund for Development Cooperation between China and Portuguese-speaking Countries would be based in Macau boosts the role of the territory as a service platform between China and the Portuguese-speaking countries.

The purpose of the Fund for Development Cooperation between China and the Portuguese-speaking Countries is to provide consultancy services and secure financing for projects, provide support to enterprises in China and in the Portuguese-speaking countries. (macauhub)

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