On May 14th of 2009, MOST and The World Bank （WB） jointly held the International Seminar on Promoting Innovation for Development in Beijing. Participants included more than 80 experts, scholars and governmental officials from financial authorities including People’s Bank of China and China Banking Regulatory Commission (CBRC), provincial and municipal S&T departments, administrative committees of national hi-tech zones, university science parks, MOST and The World Bank. ZHENG Guo’an, Vice Secretary-General of MOST addressed the Seminar.

The Seminar released the Report on Enterprise Innovation in China, which introduced China’s achievements and challenges in innovation, analyzed the way to set up appropriate innovation incentive mechanism, to enhance the innovation capacity of private enterprises, and to strengthen the venture capital ecosystem.