FinancialViews

Tu Guangshao: A major trend, a great potential, and a significant role
June 11,2021

  Wherewill global economic cooperation goduring and after the COVID-19 pandemic? Tu Guangshao, member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chairman of the Executive Council of Shanghai Finance Institute, pointed out at the 13th Lujiazui Forum that global economic cooperation is a "major trend", there is "a great potential" for global cooperation in green finance, and closercooperation between Shanghai and Paris could play "a significant role".

  Tu notedthat global economic cooperation, especially investment cooperation, is an irreversible general trend, and willcontinue to move forward. This is in the common interest of all countries and regions around the world.

  Tu believed that green development is a common pursuit of the entire world. It involves the common interest of all people on the earth, not only at present but also in the future. There should be more global cooperation in green finance. He hoped that the cooperation between China and France could make a significant contribution to the development of global green finance.

  Tu said that Shanghai hasmade great strides in international financial center development. The financial market of Paris enjoys a pivotal position in the entireEurope. Acloser financial cooperation between the two cities will promote global financial development and governance.