SHANGHAI Party Secretary Han Zheng met with UK First Secretary of State and Finance Minister George Osborne and his delegation on Tuesday.

He said China is deepening reforms and pushing for more opening to address problems in its course of development. Shanghai is accelerating its transformation into an international financial center and is testing a host of reform policies in the Shanghai Free Trade Zone.

Han said Shanghai and the City of London have worked closely and fruitfully in the area of finance and had frequent discussions about future development and cooperation.