The Macau Trade and Investment Promotion Institute (IPIM) will open an office in Lisbon, Portugal, Glória Batalha Ung, executive member of the institution, told the bilingual newspaper Diário de Todos.

Speaking to the newspaper published in Lisbon, Glória Batalha added that IPIM will open two more offices in China, a second in Guangzhou, Guangdong province and a new one in Wuhan in Hebei Province.

IPIM currently has offices in the provinces of Guangdong (Guangzhou), Zhejiang (Hangzhou), Sichuan (Chengdu), Fujian (Fuzhou) and Liaoning (Shenyang).

Batalha also said that if results of creating a pavilion dedicated specifically to the Portuguese-speaking countries at the Macau International Fair (22-25 October) IPIM would consider organising another fair in Macau, on anther date, focused on cooperation between China and Portuguese-speaking countries.

The executive director of IPIM also said that the institute played an important role in supporting SMEs in Portuguese-speaking countries and would continue to make that a priority as large companies do not need this kind of support and intervention from Macau.

Glória Batalha Ung in Lisbon took part in a seminar on “Cross-border interbank transactions in yuan with Portuguese-speaking countries” and a presentation of IPIM’s new products, co-organised by the Bank of China through the Shanghai regional headquarters and branches in Macau, Luxembourg and Lisbon.

The Macau Government Information Bureau reported that IPIM gave a presentation on the “services platform for economic and trade cooperation between China and the Portuguese-speaking countries” and the Bank of China gave a presentation on the internationalisation of the Chinese currency and business deals in yuan for the Portuguese-speaking markets.

The executive member of IPIM focused specifically on the objectives of the “Commercial Service Centre for Small and Medium Enterprises from China and Portuguese Speaking Countries,” “The Distribution Centre of Food Products from Portuguese Speaking Countries” and “The Convention and Exhibition Centre for Economic and Trade Cooperation between China and Portuguese-speaking countries as well as the purpose of the website that showcases “about 1,000 food products from Portuguese-speaking countries.”