The Paulson Institute inaugurated its distinguished lecture series in Beijing, in partnership with the University of Chicago’s Beijing Center. Richard Sandor, a pioneer of financial innovation since the 1970s, lectured to an enthusiastic audience on his new book, Good Derivatives: A Story of Financial and Environmental Innovation. The discussion was moderated by Jesse Wang, executive vice president of the China Investment Corporation, China’s sovereign wealth fund, and a former official of the China Securities Regulatory Commission responsible for futures. A former chief economist of the Chicago Board of Trade, widely recognized as the father of financial futures, Sandor pioneered the first interest rate futures contract in the 1970s. He is also the founder of the Chicago Climate Exchange (CCX), the world’s first exchange to facilitate the reduction and trading of all six greenhouse gases.
