Bloomberg hosted a private luncheon in Beijing this week with over 50 senior executives coming together to discuss the Future of Finance with Henry Paulson, where he spoke about the imperatives of green finance, US-China relations, and the future of finance for China and global markets.
Paulson served as the 74th Secretary of the Treasury under President George W. Bush, and is a businessman, China expert, conservationist and author.
Having spent a substantial time in China since the 1990s, Paulson shared his views on the economic relations between US and the China, arguably one of the most consequential bilateral relationships in today’s geopolitical world. There was discussion on shared US-China interests, such as addressing climate change, and the experience of international financial institutions as China builds a world-class financial market.
Founder and Chair of the Paulson Institute, Henry Paulson was in Beijing to launch a new Green Finance Centre to promote the development of a robust green finance market in China. Green finance is attracting private sector capital to address the world’s environmental issues and getting a positive return. China has taken a lead in green financing since 2015, and has one of the biggest green bond markets in the world today.
Established in 2011, the Paulson Institute looks to spur innovation in sustainable economic growth with a focus on the U.S. and China, two of the world’s largest economies, energy consumers and carbon emitters.
This post originally appeared on Bloomberg.com