As the main trend of state-owned-enterprise reform, mixed-ownership reform of state-owned-enterprise is not only to mix property right but also to regulate administrative mechanism, of which the property rights system reform is fundamental and only the property system matching up with modern enterprise system can improve enterprise administrative structure. There are 4 paths of state-owned-enterprise property system reform, i.e. holistic listing, private enterprise share holding, state-owned-enterprise acquisition and employee share holding. The government should accelerate the mixed-ownership reform taking into consideration application condition for each path and performance difference. Firstly, holistic listing should be the top choice；secondly, the strategy of “ownership out and private-ownership in” should combine with the strategy of “ownership in and private-ownership out”. To realize mixed-ownership at different levels parent company should mainly take the strategy of holistic listing and private enterprise share holding, while subsidiary company take path of state-owned-enterprise acquisition. Thirdly, employee share holding should be pushed forward in smooth and orderly way.