The success of Beijing's bid for 2008 Olympic Games and China's impending entry into WTO bring Beijing and the whole country unprecedented opportunities for economic development. Beijing Chaoyang International Business Festival, which takes efforts to establish the international business platform, arises at this historic moment. The festival aims at advocating the new concept of business, lead the new fashion of business and build the business capital of China.

With the purpose of "business and culture, cooperation and communication", the Beijing Chaoyang International Business Festival fully utilizes the abundant foreign-related resources and the intense business atmosphere. It provides people from all walks of life with a stage to display, communicate and negotiate so as to establish the unique brand of business and culture activity.

Under the support and concern of leaders, the first session of Beijing Chaoyang International Business Festival was successfully held in August 2000, in which the concept of Central Business District (CBD) was introduced and people of all walks of life participate actively. During the festival, business people and investors held talks on a total of 363 projects and signed 14.8 billion yuan worth of contracts. It has been the major contribution toward the forming of the Capital's economic development pattern of "one line and two wings". Its remarkable result and profound influence were highly appraised by the attendees, and it was also commented by the media to be one of the top ten business and trade issues of the Capital in 2000.

The second session of Beijing Chaoyang International Business Festival made a good winning from September 19th-22nd, 2001, which was initiated by Beijing Chaoyang District government joint Beijing Foreign Economic Relations and Trade Commission, China Major Association, Beijing Municipal Overseas Chinese affairs Office, Beijing Administration For Industry and Commerce, Beijing Tourism Administration, Beijing Foreign Investment Service Center, China Council For the Promotion of International Trade Beijing Branch, and Beijing CBD Construction and Administration Office.

With the purpose of "business and culture, cooperation and communication" and the theme of "new Beijing, great Olympics, new Chaoyang, great business", in virtue of location resource and advantage of Chaoyang district, the Festival schemed 22 investment promotion and culture activities including opening and closing ceremony, exhibition, forum, etc. Compare to first session, the second session present us with wider subject, more colorful content, higher classed activity and more profound influence. This session of the Festival deeply probed into the meaning of CBD from different layers and aspects. Through the activities of CBD planning show, foundation stone laying ceremony, policy release and a series of forums, it has been widely known that the construction of Beijing CBD has made great progress from the planning period to actualized period during the year.

13 domestic and foreign friendship delegations and 150 thousand guests have come to the second session of the Festival. 26 contract which cost 77.2 billion yuan have been signed. Over 4000 people including leaders from the State Council, national central government and Beijing municipal government, diplomats in China of over 40 countries, and representatives from the world top-500 enterprises and international companies are present at the opening ceremony. Beijing CBD planning and company image exhibition display the comprehensive planning of CBD, three bid and awarding schemes, planning scheme of 10 important projects in the district and the image of 21 domestic and foreign well-known companies including Ericcsion and Hewlett Packard. A series of forum attracted over 4000 audiences, while nearly 90 specialists, scholars, businessmen and government officials gave the speeches on it. Over 4000 people came to the International Business Talents Market, which was put forward for the first time, and the applicants got 4187 replies from 23 companies. Wives of Diplomats Friendship Day invited nearly 300 people from 54 countries including more than 100 ambassadresses who had a very high opinion of the activity.