"The Innovation and Capital Dual Engine Drive and Zhongguancun Model Forum" was held at Zhongguancun Exhibition Center in Beijing on Nov 6. The forum was hosted by Zhongguancun Listed Companies Association, Guanghua School of Management in Peking University and Peking University Press.

"Zhongguancun Mode: Technology + Capital dual-engine drive" co-authored by Zhongguancun Listed Companies Association and Guanghua School of Management in Peking University, released in Beijing on Nov 6.

Attending the forum were industrial heavy-hitters such as Yin Weidong, chairman of Zhongguancun Listed Companies Association; Liu Qiao, dean of Guanghua School of Management in Peking University; Dong Xiaoying, associate professor of Guanghua School of Management in Peking University; Wang Mingzhou, president of Peking University Press; and Wang Yanping, vice president of dangdang.com.

The forum was hosted by Guo Weiqiong, secretary-general of Zhongguancun Listed Companies Association, and Bi Xiaonan, producer of "Who's Time" from Cai Xin Media.

Liu Qiao delivered an opening speech on behalf of the three organizers to congratulate the publication of "Zhongguancun Model: Technology + Capital Dual Engines".

He said, "This book is in the most appropriate form at the most appropriate time to appear in the market. Enterprising spirit, innovation, research and development may be the support of China's economy to get greater progress in the next ten years, two decades or even thirty years."

Liu said that this book, after numerous case studies, extracts some research results to provide enlightenment for the future, so she is so excited to see it published.

As the first demonstration area of national independent innovation in China, Zhongguancun is the blueprint for the new economy and a forerunner of unswerving new development concepts.

"Zhongguancun Mode: Technology + Capital Dual-Engine Drive" gives a full interpretation of the innovation ecosystem of Zhongguancun through three parts: digital, cases and policy of Zhongguancun.

The first phase of the forum was covered by Yin Weidong and Dong Xiaoying. They respectively did speeches on the theme of "Analyze the competitiveness of Zhongguancun Listed Companies" and "Fountain Model of Zhongguancun's Innovation Ecology".

Yin Weidong pointed out that listed companies of Zhongguancun are located in major domestic and foreign capital markets with a total market value of nearly 5 trillion yuan ($754 billion). Along with that impressive value, Zhongguancun's industry structure is complete by covering all the strategic emerging industries, with high growth characteristics at the same time.

Dong Xiaoying did an in-depth analysis of the innovative ecology of Zhongguancun, based on more than a year's visit to the enterprise, various data of listed companies in Zhongguancun for five consecutive years and interviews with leaders of the Zhongguancun administrative committee.

In her opinion, Zhongguancun's innovation ecosystem consists of five parts: the government and policy mechanism, the regional ecosystem, the enterprise innovation system, the capital assistance mechanism and the regional or business boundary expansion. These five aspects complement each other like a fountain system forming an innovative and virtuous circulation of ecology.

During the second phase of the forum, all entrepreneurs and scholar guests held a heated discussion on the innovation ecosystem of Zhongguancun and the relationship between capital and technological innovation, under the presidency and guidance of  Bi Xiao Nan.

On the forum, guests did a series of wonderful interactions and speeches to communicate their ideas about the Zhongguancun Model.

They all agreed that capital plays a very important role in the commercialization of science and technology innovation. As President Yin Weidong said, "Most of Zhongguancun's listed companies are relying on capital markets from small to large through technological innovation."

After a wonderful and thoughtful back-and-forth between guests and audience, the forum closed successfully. And as its grand finale, the forum clarified the direction of the next step in regional economic governance after the 19th National Congress of the Communist Party of China.