The 19th CPC National Congress stressed that the reform of the system of authorizing state-owned capital should be carried out. Since then, the discussion of the reform of the system of authorizing state-owned capital has significantly warmed up. How should China deepen the reform of state-owned enterprises based on "capital management"? An important idea has been put forward by Anbound on reforming state-owned enterprises with mutual funds. One of the roles of such a mechanism is to hand over the state-owned enterprises to the "capitalist" control and leaving the "capitalists" to be controlled by the Party. This is not just a mechanism arrangement, but also a kind of economic and political wisdom.