The idea of the mixed ownership reform for the state-owned enterprises has been proposed on the third Plenary Session of the 18th CPC Central Committee, encouraging non-public capital's involvement in the SOE reform. ANBOUND think tank scholars state that, from an investment perspective, investors should remain cautious about the SOE’s mixed ownership reform. It's inadvisable for the private capital to participate in the reform, unless a resolute market reform, a completely liberalization in market incremental field and a further adjustments in stock area have been pushed forward by the Chinese government. The central SOEs may not be a good choice for private capital, as to the high collectivization for the overall interest, but some opportunities will emerge in the way of the local SOE reform.