After the third plenary session of the Eighteenth Central Committee of CPC, the mixed ownership again becomes the focus of the new round SOEs reform. ANBOUND think tank scholars think that equity market, if well utilized, can provide a relatively open and transparent transaction framework as well as supervision environment for mixed-ownership reform. However, though equity market might be able to solve pricing issue, it can't resolve deeper contradictions. The successful completion of mixed ownership reform depends on the construction of more supporting systems, particularly the construction of a society with rule of law.