By analyzing financial crisis in the framework of the dynamic matching of financial liberalization and state financial control,this paper argues that the unbalanced financial liberalization and the decline of state control play an important role in the financial crisis of developing countries.

At present,conditions for further strategic reorganization of national economy are prepared with state-owned enterprises being more adaptable to the market economy,state-owned economy more centered on strategic industries,and national capital being upgraded and risking an enormous loss.

Zhu Yingui believes that it is a necessity of historical development for the phenomenon that the modern enterprises of state capital in China occupies a governing status in the economical .

After the Anti Japanese War, China was confronted with the arduous task of economic restoration and reconstruction involving such issues as land distribution, state capital and inflation.