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Italy's Generali, CDP urge China to open up finance sector

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Two of Italy's largest financial institutions, insurer Assicurazioni Genera...

) and state fund CDP on Wednesday urged China to do more to open up its financial services industry to Italian firms and other foreign groups.

Generali’s international business chief, Jaime Anchustegui, told an Italy-China financial forum in Milan that he hoped foreign firms would be able to take controlling stakes in life insurance businesses in China. Earlier, the chief financial officer of Cassa Depositi e Prestiti, Paolo Calcagnini, made a similar call at the forum, which was attended by top Chinese banking executives and regulators.

Earlier this month, Premier Li Keqiang said China had pledged to end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled.

 

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)) there are fin sector in China ))

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