Secretary for Economy and Finance, Lionel Leong, toured the exhibition hall
The 7th International Infrastructure Investment and Construction Forum (IIICF), with the theme “Innovating Construction-Finance Cooperation and Energizing Infrastructure Development”, launched yesterday at The Venetian Macao.
Jointly organized by China International Contractors Association (CHINCA) and the Macau Trade and Investment Promotion Institute (IPIM), the forum aims to serve as a platform for international communication, exchange and collaboration between the construction industry and the finance sector.
This year’s theme emphasizes the financial efforts involved in international infrastructure development cooperation.
Some 50 deputy ministerial-level officials from various regions, who oversee infrastructure and construction in their respective countries, are attending this year’s IICF. More than 20 international financial institutions will be at the event, as well as 1,400 delegates from contractors for infrastructure and related services.
The forum features discussions such as “matching for the construction industry and finance sector”, “innovative finance models”, “risk prevention and control” and “enterprise related to transformation and upgrading.”
The seminars are intended to boost cultural exchange and foster business collaboration between China and Portuguese-speaking countries, as well as promote dialogue on new models of collaboration in infrastructure development, equipment manufacturing, agriculture and other sectors.
IPIM President Jackson Chang said such discussions would improve communication and partnership between Macau and global financial institutions.
Chang added that Macau’s stable social environment and solid external financial position make it an ideal city for investment.
“The city has a sound financial capacity, with continuous improvement in terms of the level of savings per household, and in terms of Macau’s competitiveness in the regional financial system,” he said.
The event was moved from Beijing to Macau in 2012. Chang said the forum has improved over the years and has become “one of the most important and influential events in Macau’s meetings calendar.”
The IPIM president assured the audience that Macau would continue to draw on the close ties it holds with Portuguese-speaking countries in order to develop its economic role and promote further cooperation with China.
The organizers have also invited vice minister-level officials in charge of infrastructure for countries such as Russia, Iran, Pakistan and Kenya; as well as executives from international financial institutions such as the World Bank, Export-Import Bank of China and the African Export-Import Bank.
The 7th IIICF ends today. Staff reporter
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