China’s government-guided fund has initial scale but its management has the problems such as deviation in government position, low monitoring efficiency and investment efficiency, insufficient talent cultivation mechanism and incentive mechanism and so on, and its management structure has the problems such as low compensation of the agencies, inadequate performance information of fund managers, difficult dynamic adjustment and interests coordination of related departments and so on. China should set up nation-guided fund and small enterprise management bureau, create government-guided fund system from such three levels as central government ministries, big state-owned enterprises and local governments, solve a series of problems such as capital deficiency, supervision fuzziness and so on by optimizing company management structure so that China’s government-guided fund can be boosted to smoothly and rapidly develop.