Beyond property-right argument, which derived from traditional property-right argument, The article emphasizes the market competition. During the transitional period, the reforming of State-owned banks followed "first competition then property" route. Now the reforming of Stated-owned banks have gone into property-right reforming stage, the listing of banks is not the last goal of reforming. Under the condition of finance opening, we should try to consummate the governal structure, cultivate the real financial entrepreneur, build up the competition environ...