Zhianglian Chen reports that, since 1991, the Chinese government has encouraged university professors to form companies. Even in public universities, a professor can run a business from her/his own laboratory, owning 100% of the company or shares thereof. Some professors have made large amounts of money. On the other hand, Chen expects that universities will continue to play a vital role in high-tech business development and innovation, making major contributions to a knowledge-based economy in China. This merging of universities and business was the most tightly coupled example described at the meeting.