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MACAO, June 1 (Xinhua) -- A one-billion-dollar fund for cooperation and development between China and Portuguese speaking countries officially launched its headquarters here on Thursday, starting its service for Chinese and Portuguese speaking countries' enterprises.

China-Portuguese Speaking Countries (PSCs) Cooperation and Development Fund held the headquarters launching ceremony at the eighth International Infrastructure Investment and Construction Forum held on Thursday.

The fund was founded in 2013 by China Development Bank and Macao Industrial and Commercial Development Fund, and is managed by China-Africa Development Fund.

Its headquarters is located in Macao Business Support Center for now and will move into the China-PSC Trade and Service Complex after the complex construction is finished.

Macao's Secretary for Economy and Finance Leong Vai Tac said earlier that the location of the fund's headquarters to Macao is expected to enhance awareness about its operation and strengthen the special administrative region's role as a commercial and trade cooperation service platform between China and the PSCs.

The fund has invested in over 20 projects in Mozambique, Angola and Brazil, covering cooperation in agriculture, manufacture and energy.