The FIA is the competent authority of the Holy See and the Vatican City State for financial supervision and regulation as well as for the financial intelligence established by Pope Benedict XVI on 30 December 2010 and consolidated by Pope Francis with the Statute of 15 November 2013. As a financial supervisory authority and regulator, the FIA has signed cooperation agreements with supervisory authorities in other countries such as Brazil, Germany, Luxembourg, Poland and the United States of America. The Financial Information Authority (FIA) and the Bank of Italy have signed a cooperation agreement to improve the exchange of information in the field of financial supervision on the basis of reciprocity. The creation of a new bank was an important step in improving the visibility of the Italian community in China, which the Italian governments supported only marginally. Colonial powers such as Britain, France and Germany offered their own entrepreneurs diplomatic support and abundant financial resources. The Chinese-Italian bank has joined international banks established in China since the end of the Opium Wars, such as the British Chartered Oriental Banking Corporation, founded in Shanghai in 1848, the Chartered Bank of India, Australia and China (1857) and the Hong and Shanghai Banking Corporation, which began operations in 1865. They were joined by the German-Asian Bank in May 1889, followed shortly thereafter by the Russian-Chinese Bank (1896) and the Bank of Indochina (1898).   Founded in 1919, La Banca Italo-Cinese, dissolved in 1925 and renamed Banca Italiana per la Cina, was the main Italian financial intermediary in Asia until the beginning of World War II. The History of the Bank is closely linked to the development of German-Italian political relations during the interwar period. From the 1930s La Banca Italiana per la Cina became the financial intermediary of important confidential transactions between the Italian and Chinese governments, as the final resolution of the issue of boxer compensation, formally resolved with the signing of a memorandum in London by Italian Finance Minister Guido Jung (1876-1949) and Chinese Minister Tse-Ven Soong (1894-1971) , July 1, 1933, and the skoda loan tally. , again in 1933, a long question in which several European governments participated, starting in 1912.  The interests of Chinese and Italian shareholders in the Chinese-Italian bank quickly diverged.
The bank`s management did not consider the Chinese market and entrepreneurs to be commercial entities because of the political uncertainties that characterized China during those years; In addition, local Chinese companies caused significant financial losses to the bank. After the meeting on 14 January 1924, the Sino-Italian bank was dissolved in Tientsin and renamed Banca Italiana per la Cina (Italian Bank for China).