According to Liu Shangxi, head of the Chinese Academy of Fiscal Sciences, the state-owned economy has to solve a long-standing problem, whether the micro-foundation of state-owned economy is "capital" or "enterprise". In his opinion, it is it is outdated for the microscopic foundation of the development of state-owned economy to be positioned again on state-owned enterprises. The reform of state-owned enterprises needs to be positioned as "capital" and get rid of the "enterprise" shell of state-owned enterprises. This view is in line with the state-owned enterprises reform proposed by Anbound in 2012.