SHANGHAI Party Secretary Han Zheng met Oliver Bate, chairman and chief executive officer of Allianz SE, on Tuesday.

Han said the leaders of G20 countries, some developing countries and international organizations just had a summit in Hangzhou and they discussed issues of economic growth and cooperation. The meeting was successful and fruitful.

He said Shanghai remains steadfast in its reform and opening effort and will carry out institutional reform and innovation in China (Shanghai) Pilot Free Trade Zone to provide new rules and policies that are in line with international practices and suit Chinese conditions.