China-Portuguese Speaking Countries Cooperation and Development Fund
Native name | 中国与葡语国家合作发展基金 |
|---|---|
| Company type | Bilateral investment cooperation fund |
| Industry | Investment management |
| Founded | June 2013 |
| Headquarters | Macao, China |
| Total assets | US$1 billion |
| Owner | China Development Bank (60%) Macao Industrial and Commercial Development Fund (40%) |
The China-Portuguese Speaking Countries Cooperation and Development Fund (CPDFund; Chinese: 中国与葡语国家合作发展基金) is a bilateral investment fund established to promote economic and trade cooperation between China and Portuguese-speaking countries through equity and quasi-equity investments. The fund is headquartered in Macao and managed by the China-Africa Development Fund (CADFund).
History
The CPDFund was announced by the Chinese government in November 2010 during Forum Macao as one of six measures to promote cooperation between China and the lusophone world.[1]
The fund was officially launched in June 2013 with a total capitalization of US$1 billion, jointly funded by the China Development Bank (60%) and the Macao Industrial and Commercial Development Fund (40%).[2] In June 2017, the fund established its headquarters in Macao as part of 19 preferential measures announced by Premier Li Keqiang in 2016 to support the territory's development and facilitate its integration into the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area.[3]
By April 2024, the fund had supported approximately 10 projects worth nearly US$500 million, according to Forum Macao Secretary General Ji Xianzheng.[4]
References
- ^ "CPD Fund". Forum Macao. Retrieved March 4, 2026.
- ^ "Canadian Solar Raises US$20 Million Funding from China and Portuguese-speaking Countries Cooperation and Development Fund". Canadian Solar Inc. March 8, 2017. Retrieved March 4, 2026.
- ^ "China-Portuguese Speaking Countries Cooperation and Development Fund Promotion Session to be held". Government Information Bureau, Macao SAR. Retrieved March 4, 2026.
- ^ "Strengthening Sino-Lusophone ties at Forum Macao". Macao Magazine. June 21, 2024. Retrieved March 4, 2026.