The rearrangement of assets is the important market behavior of listed company and the important phenomenon in capital market. The performance is the primary aspect of rearrangement of assets.In recent years,whith the development of capital market in China,the performance of rearrangement of assets of listed company has already become a focus of researches on capital market.In this essay,by starting with its connotation, the aurthor mainly analyse theoretical researches,appraising methods and positive researches into performance of rearrangement of assets.