Abstract: Basically speaking, the highlevel corruption in stateowned economy results from unscientific supervision systems: various irrational concepts and work mechanisms lead to the arbitrary decisionmaking of leaders; the supervision systems in stateowned enterprises tend to be unserviceable; management operating systems are far from perfect; restrictions on supervisors of state assets are not strict enough. To effectively prevent the corruption in stateowned economy and other unreasonable behavior, revolution must be carried out in the supervision system against corruption in stateowned economy, such as to restrict power with power, to advocate democracy, to limit the power of officials in charge of state assets, etc. Also, some misunderstandings, such as those of entrepreneurs, government intervention, modern enterprise systems and corporate governance, owner representatives, etc., should be abandoned.

Key words: owned Economy, Reform of Supervision System , modern enterprise systems , supervision systems