Among the difficulties and challenges faced by China's economy, the debt problem can be said to be one of the biggest potential risks. Anbound research team believes that currently China's main debt risk is reflected in corporate leverage, particularly in state-owned central enterprises leverage risk. The total debt of central enterprises has grown from 4.3 trillion RMB in 2008 31.1 trillion RMB in 2015. Therefore, to reduce Chinese enterprise's excessive leverage, it will be vitally important to reduce the debt level of state-owned sectors to curb a further rise of its debt, which should be one of the core objectives of state-owned enterprise reform.