With the unparalleled fierce global competition and emergence of all-round innovations including business models and integrated networks, etc., innovation has been endowed with new connotation; while sustainable innovation is becoming a trend.

On Dec. 3rd, the award ceremony of 2013 Chinese Innovation Summit & Chinese Listing Company Sustainable Innovation Ability Survey, as initiated and sponsored jointly by CBN and China Merchants Securities, was held as scheduled in Shanghai Marriott Hotel City Centre; it witnessed the announcement of first session awards including “Sustainable Innovation Leader”, “the Company with Most Sustainable Innovation Ability”, and “the Best Innovation Practice”, etc.

Fosun Pharma, with its business practices and achievements in innovation and sustainable development widely accepted, has won two special awards in this ceremony: the Board Chairman Chen Qiyu, with excellent performance in business innovation, was awarded the first “2013 Sustainable Innovation Leader”; while Fosun Pharma Company, with amazing performance across 6 different dimensions, i.e. business model, marketing, technology, product, organization and culture, was granted the “2013 Best Innovation Practice” award.

It was learned that from August this year, the organizing committee of Chinese Listing Company Sustainable Innovation Ability Survey has, by means of questionnaire, mail, telephone, television, Daily and broadcast, etc., delivered the survey to listing companies in China; nearly a hundred companies thereof approached the committee for consultation.

Over the past 4 months, a research group with members from CBN, China Merchants Securities and Top 500 Enterprises Research Center of SUFE (Shanghai University of Finance and Economics), travelled all over 20 companies in 18 cities, including Beijing, Shanghai, Hangzhou, Ningbo, Nanjing, Hefei, Zhengzhou, Shijiazhuang, Qingdao, Dalian, Xi’an, Chengdu, Guangzhou, Shenzhen, etc, making in-depth researches and exchanges with senior executives on enterprise innovation cases and experiences. During interviews, each company set out their own innovations frankly, and showed desires to learn better ways of innovation from other companies.

The Deputy General Manager of SSE (Shanghai Stock Exchange) Xu Ming, the Vice President of SMG (Shanghai Media Group) Qin Shuo, and the Board Chairman of CMS (China Merchants Securities) Gong Shaolin delivered opening remarks, placing high hopes on the sustainable innovative development of Chinese listing companies. While in the keynote speech section, experts and professionals, including the President of Cornerstone International Group Yin Zhantang, IBM GBS General Manager China MARCEL GREUTMANN, the Dean of School of Management of Zhejiang University Wu Xiaobo, and SAP Global Senior Vice President Li Ruicheng, from the standpoint of each one’s expertise practice or theoretical research, shared their views on the sustainable innovative methods and experiences for global and domestic enterprises, and received strong responses from many corporate guests in the meeting.

By focusing on the major theme “How to Sustain Chinese Enterprises' Innovation Ability”, guests present, including the Board Chairman & President of Gree Electric Appliances Dong Mingzhu, the Board Chairman of Lu Thai Textile Liu Shizhen, the General Manager of ShaanGu Power Chen Min, the Vice President & Chief Economist of China Merchants Securities Ding Anhua, and the Dean of School of Management of Zhejiang University Wu Xiaobo made live dialogues and did brainstorming.

The Secretary General of SHLCA (the Listed Companies Association of Shanghai) Zhou Zehong, the President & CEO of China Merchants Securities Wang Yan, the Chairman of the Supervisory Board of China Merchants Securities Jiang Luming, the Deputy Editor of CBN Ji Lingyun, Jiang Ruochen from Top 500 Enterprises Research Center of SUFE, and the Head of Chinese Enterprise Research Centre of Tsinghua University Zhao Ping attended the meeting, and granted awards to companies and entrepreneurs that received special honors.

The Company and the People with Most Sustainable Innovation Ability, as an important result of this survey, was revealed in the meeting. The appraisal & selection work was carried out and decided by organizations with outstanding achievements in business administration and finance, i.e. the Chinese Enterprise Research Centre of Tsinghua University, the Top 500 Enterprises Research Center of SUFE, those with prominent research results in accounting, brand and HR areas, i.e. Deloitte & Touche, MetaThink, Cornerstone International, and the sponsor of the meeting CBN and China Merchants Securities based on the evaluation system of sustainable innovation.

Tenentrepreneurs, including the Board Chairman of Fosun Pharma Chen Qiyu, the Board Chairman of Gree Electric Appliances Dong Mingzhu, the General Manager of Vanke Yu Liang, the Board Chairman of Minsheng Bank Dong Wenbiao etc., with excellent performance in enterprise innovation, were granted the “2013 Sustainable Innovation Leader” award; while 18 enterprises including Fosun Pharma, Neusoft Group and letv.com, with amazing performances across 6 different dimensions, i.e. business model, marketing, technology, product, organization and culture, received the “2013 Best Innovation Practice” awards.

Moreover, as introduced by the sponsor, there is another substantial work from this project – “Chinese Listing Company Sustainable Innovation Index 80”, of which Fosun Pharma is expected to be a candidate; the result thereof is going to be jointly revealed by CBN, CMS and CSI (China Securities Index) in the near future.