经过多年经济体制改革,当前国有垄断行业产权结构仍呈现国有股一股独大、股权高度集中的特点,由此产生了国有企业控制权配置失衡的治理现状。在全面深化改革的新阶段,探寻一种能够在国有企业产权结构多元化的前提下实现控制权合理配置的有效方式,将是未来改革中的重点。对此,本文提出了包括股权结构调整与资本体制改革的两种思路。 After years of reform in the economic system, the ownership structure of the state-owned monopoly industries is still characterized by the dominance of state-owned shares and the high concentration of state-owned shares. As a result, the state of governance of the unbalanced allocation of state-owned enterprises has arisen. In the new phase of deepening the reform in an all-round way, it is an important reform in the future to find an effective way to realize the rational allocation of control rights under the premise of diversified ownership structure of state-owned enterprises. In this regard, this paper presents two ideas including the adjustment of the ownership structure and the reform of the capital system.