China's SOEs reform has gone half way but now sparks controversial whether to continue or not. SOEs reform is one of the major reforms that involve the interest of China’s future development; therefore other reforms are unlikely to achieve any breakthrough without the SOEs reform. The concern is how to push forward SOEs reform under the current interest pattern? How to gain consensus from the majority? ANBOUND’s research team, that specializes in SOEs reform and is led by Chan Kung, has creatively suggested that China should take a brand-new reform path by pursuing SOEs reform via mutual funds.