The Industrial and Commercial Bank of China ( ICBC ) has officially opened a second branch in Italy , this time in Rome , highlighting "how the bank has entered a new stage in development of business in Italy and in Europe ", according to an The Industrial and Commercial Bank of China statement. Italy has become one of the main recipients of Chinese investments in Europe over the past few years , and ranked second after the Italy , with 3.5bn ($ 3.5bn ) of Chinese FDI in the past few years .
The Industrial and Commercial Bank of China (ICBC) has officially opened a second branch in Italy, this time in Rome, highlighting "how the bank has entered a new stage in development of business in Italy and in Europe", according to an ICBC statement. Italy has become one of the main recipients of Chinese investments in Europe over the past few years, and ranked second after the UK, with an estimated €3.09bn ($3.5bn) of Chinese FDI in 2014.