Recently, there is an emergence of one-side emphasis on "mixed ownership" pertaining to SOEs reform. However, SOE reform has to be an innovation and breakthrough being able to solve most of the problems, rather than a simple approach such as financing the SOEs by introducing private capitals to them. ANBOUND's chief researcher Chen Gong believes that the concept of mixed ownership is not an execution issue; SOE reform should be a feasible reform that transforms SOEs into a tool that generates wealth to all the people. In this regard, mutual fund will be the best approach for SOEs reform.