Improve The Thinking Of China's State-owned Company's Board Of Supervisors System

China's state-owned enterprises have been the dominant status in Chinese economy and the backbone of the national economy. State-owned enterprises have experienced a fundamental reform from the partial and surface property relations and management relationship of the progressive changes to the overall and substantive changes in legal form. The creation of a wholly state-owned Company is the outcome of such changes and a legal form. To ensure that state-owned assets in wholly state-owned company can maintain and add value in the process of production and business activities, in order to avoid the loss of state-owned assets and safeguard the rights and interests of shareholder, it is necessary to improve the corporate governance structure of wholly state-owned company. Therefore, some special provisions were stipulated in current Company Law. Because that the supervision of the Board of Supervisors is the basic form of supervision of shareholder and an important component part of supervision of state-owned assets. Therefore, these special provisions concerned the system of Board of supervisors of wholly state-owned companies. Although a series of relevant regulations on the system of Board of Supervisors of wholly stated-owned company were stipulated in the Company Law and related Administrative regulations, however, the system is still not perfect. There are some problems and defects in the current system, in practice, which limited the effectiveness and effect of Board of Supervisors. Based on the analysis of the experience of the improvement of the system of the board of supervisors of wholly state-owned company and the analysis of the limitation of the provisions of Company Law and related administrative regulations, the author point out that there are some limitation in the current system of the board of supervisors of wholly state-owned company and make some legislative suggestions from organization and authority and effective rules of procedure and further education and incentive and restraint mechanisms and employees of the related system of Supervisors and information network system of the board of supervisors of wholly state-owned company to strengthen their supervision power.