The 2006 Northeast Asia & Bohai-Rim International Business Festival was held at the Langfang International Exhibition and Conference Center on Thursday morning in Langfang City, Hebei Province. The four-day event is under the guidance of the Ministry of Commerce of the People's Republic of China and jointly sponsored by: All-China Federation of Industry and Commerce, China Council for the Promotion of International Trade (CCPIT), Boao Forum for Asia, and China-Japan-Korea Committee for the Pan-Yellow Sea Regional Economic &Trade Cooperation, China Foreign Enterprise Association and Hebei Provincial Government. Numerous distinguished guests including foreign government official, ambassadors to China, overseas investment and purchasing delegations, foreign commercial organizations and investment agencies, renowned scholars home and abroad, the China-based offices leaders from the world top 500 enterprises, representatives from business circles and etc. attended the opening ceremony． The festival is expected, through holding forums, exhibitions, project-related exchanges, to give prominence to the significance of the market-leading mechanism and the role of enterprises, promote the integration of industry and investment, talents and technology, commerce and trade as well as information resources, structure an all-round platform for cooperation and promote the regional economic prosperity as well. China's Bohai Sea rim region is another region which witnesses rapid development, following the fast growth of the Pearl River Delta and Yangtze River Delta regions. At the same time, the Bohai Sea rim region has also strengthened cooperation with its neighboring Japan and South Korea.