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China and Italy have a long history and attach great importance to the inheritance of civilization, which is the foundation for mutual understanding and long-lasting friendship between the two countries. I firmly believe that in the future, Italy and China will work together to forge a closer comprehensive strategic partnership in economic, cultural and other aspects. President Xi Jinping said in his signed article that "Made in Italy" is synonymous with high-quality products, stressing that China will open wider to the outside world and share opportunities in the Chinese market with other countries, including Italy. This is a great historical opportunity for Italian companies such as Pirelli.

China also has to deal with a lot of challenges, at the heart of which is the environment. Today, we must address important and urgent questions about how to generate, deliver and use energy in more intelligent and efficient ways.

China Investment Corporation is also carrying out strategies similar to the other major sovereign funds. According to Tu, about 50 percent of its overseas investment portfolio will be targeted at alternative assets and direct investment by 2022 to better serve China's development strategy and provide strong support to the country's foreign exchange investment returns.

China Mobile International Ltd did not immediately respond to a request for comment.

China Universal Asset Management listed an exchange-traded fund (ETF) at the Shanghai bourse on Friday to facilitate the development of the Yangtze River Delta region, according to a statement from the company.