The reform of the administrative approval system，which has been one of the core tasks of the current administration，continued to deepen in 2014. Compared to that of the previous year，the most prominent feature of the administrative reform in 2014 was the local policy experimentation on the construction of the power list system. This report，through a microscopic interpretation of the construction of the power list system at the local level against the macro background of streamlining administration and institute decentralization，tries to explain the progress made and problems existing in the construction of power list system and the complicated game playing between central and local governments around such issues as the reform of administrative approval system，the construction of power list system，the modes of government regulation and market self-regulation，and mechanisms for prior approval and post supervision.