China-Portuguese Speaking Countries Cooperation and Development Fund (CPDFund) was announced by Chinese government on the Third Ministerial Conference of the Forum for Economic and Trade Cooperation Between China and Portuguese-speaking Countries in November 2010. It is one of the six measures proposed by Chinese government to promote cooperation between China and Portuguese-speaking Countries. CPDFund was launched officially in June 2013, with a total capital of 1 billion US dollars, funded by China Development Bank, and Industrial and Commercial Development Fund of Macao, managed by CADFund. In order to implement the 19 preferential measures for Macao announced by Premier Li Keqiang in 2016, CPDFund settled the headquarter in Macao in June 2017, aiming to facilitate Macao to be better integrated in the Belt and Road Initiative, and the Guangdong-Hong Kong-Macao Greater Bay Area.
As far as now, CPDFund has invested projects in thematic areas such as agriculture、manufacturing、infrastructure and financial business etc., covering Brazil，Mozambique，Angola and Macao, and has leveraged an total investment of more than 4 billion US dollars from Chinese enterprises to Portuguese-speaking Countries, with more than 20 reserve projects, covering most Portuguese-speaking Countries.
Cases
The Brazil TCP Terminal Project
The TCP Terminal, jointly invested by China Merchants Group, China-LAC Cooperation Fund, and CPDFund, is the second largest container terminal and the first largest refrigerator container terminal in terms of throughput capacity. It is the largest investment that Chinese enterprises have ever made in the container port industry of Latin America, which effectively promotes the Brazilian infrastructure development and Sino-Brazilian economic and trade cooperation. (The picture is from the official website of TCP Terminal: tcp.com.br)
A hydro power project in Brazil
CPDFund, together with State Power Investment Corporation (SPIC) and Zhejiang Provincial Energy Group Company, co-invested a hydro-power station in Sao Simao in Brazil, with a total capacity of 1710MW, which generates strong economic and social benefits since operation.
