Since the 18th National Congress of the Communist Party of China，the Chinese government has been pushing forward the reform of state-owned enterprises，to make its state-owned capital and enterprises stronger，better，and bigger. Meanwhile，China has further propelled its modern enterprise system with Chinese characteristics and the supervision system on state-owned assets，which is centralized on capital management. The country has also continued to optimize the layout and structure of its state-owned economy，with a vigorous development on mixed-ownership economy. Therefore，China’s state-owned economy meets its improvement in terms of competitiveness，innovation，controllability，influence and risk-resistance. It is fair to say that China has made tremendous achievements in the reform of state-owned enterprises and the development of the state-owned economy，contributing historically to China’s economic and social development，scientific and technological progress，national defense construction，and the improvement of people’s livelihood. At present，the socialism with Chinese characteristics has entered a new stage. Thus，China needs to fully implement the new development philosophy，and accelerate the construction of the new development paradigm. China’s state-owned enterprises serve as a vital force to improve the nation’s comprehensive strength，to propel its modernization process and to protect people’s common interests. Towards a modern socialist country，new missions and tasks must come down to China’s state-owned enterprises. Therefore，state-owned capital and enterprises should focus on high-level self-reliance and self-improvement in science and technology，improve the management of the industrial and supply chains，so as to promote the common prosperity and realize people’s pursuit towards a better life. By doing so，China’s state-owned capital and enterprises can play a better role in the dual circulation where domestic driven forces can pull up overseas demands，and encourage the innovation of China’s real economy.