Its application is still awaiting approval from Chinese and Luxembourg regulators.
Its 2017 annual report shows that the bank extended loans totaling 446.8 billion yuan to small and microenterprises and small business owners that year. Of that, more than 26 billion yuan went to rural clients.
Italy is China's 15th trading partner on the global level and its fourth largest on the European level, according to official statistics agency Istat.
Its sound investment environment has made the city an ideal place for investors from all over the world.
Its clients are pharmacies from across Indonesia, and it also sells the medicines through more than 50 online shopping platforms.
Italian premium motorcycle maker Ducati envisions China will become the company's sixth largest market, and will have more than doubled the number of dealerships in the country by the end of this year in further expansion.
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Its operating profit margin stood at 14 percent, up 3 percentage points from a year ago.
Its sales, contributed by both online and brick-and-mortar stores, reached 1.45 billion yuan during the Nov 11 shopping festival this year, while its online sales exceeded 1 billion yuan for the first in the company's history.
Its external liabilities reached .8 trillion.
It's a strategic choice for China to boost manufacturing, he added.