China’s economy has achieved a rapid development that far surpassed expectations in the past 40 years. The key driving force is that we constantly enrich and improve our fundamental policy of reform and opening-up. Moreover, enterprises, especially state-owned enterprises, gradually produce vitality promoted by these policies. The proposition of “enterprise-based theory”, the corresponding transformation of corporate social role and function, the “reverse reform” of enterprise system and the gradual establishment of entrepreneur's dominant role have provided fundamental guarantee for the formation and continuance of enterprise vitality.The establishment of “enterprise-based economy” is the foundation of its vitality. The “reverse reform” of enterprise system ensures the steady realization of enterprise-based economy and the gradual formation of enterprise vitality. The practice of China's enterprise system reform follows a progressive path in the opposite direction. Moving from the enterprise-based economy to the establishment of entrepreneur’s dominant role is the fundamental guarantee of enterprise's sustained vitality.State-owned shares in each enterprise should form extensive agent relations from wider sources, and enterprises should be authorized to operate state-owned assets. They are optional directions of deepening the state-owned assets-management system reform.
