Recently, state-owned enterprises have accelerated the reform from the ownership by the whole people to state-owned enterprises. The restructuring plan for the state-owned enterprises at the central level has all been approved, while the restructuring of the funded enterprises at the provincial level has reached 95.8%. It is not a mere change of name from ownership by the whole people to wholly state-owned, but a preparation for the reform of state-owned enterprises from management enterprises to capital management. The transition from management enterprise to capital management reform is a plan put forward by Anbound many years ago. The core idea is to reform state-owned enterprises through a mutual fund.