SHANGHAI Mayor Yang Xiong met David Thodey, formerly the CEO of Telstra and now vice chairman of the International Business Leaders Advisory Council for the Mayor of Shanghai, and his successor at Telstra, Andrew Penn, on Monday.

Yang thanked Thodey for his contribution to the council and said Shanghai is taking advantage of its free trade zone to speed up administrative and financial reforms and to increase the opening of the service industry.

He added that the Shanghai government issued 22 policies to promote business start-ups and innovation as the city aspires to become a global innovation center. There will be a lot of business incubators and innovation activities in the city.