AsaneconomicandsocialorganizationtransformedfromtheoriginalChineseruralcollectiveeconomy，communityjoint-stockcompany（CommunityCompanyforshort）hasplayedanimportantroleinmanyaspectssuchaseconomicconstruction，socialdevelopmentandhasledmembersofthecommunitybecomerich。However，beingaproductofpassiveurbanization，CommunityCompanyhassomedefectsinthepropertyrightarrangement，governancestructureanddevelopmentmodel。Limitedspacetouseandinefficiencyofeconomicperformanceandthelackingofpotentialforfurtherdevelopmenthavebeenshownrecently。Withthedevelopmentofnewurbaneconomicdivisionoflaborandindustriallayout，theCommunityCompanyisnolongeradapttothecityeconomicintegrationanditstransitionalfeaturehasbecomeincreasinglyapparent，Communitystockcooperativeeconomyhastobereformed。Waysofreformincludeschangingtheexistingequitystructure，opening，andcirculatingitsequity，improvingcorporategovernancestructure，establishingmodernenterprisesystem，andpromotingthetransformationofaCommunityCompanytoamodernenterprise。