分析了某小型国企经营者持大股的重组案例 ,重组后的国有资本完全从这个纺织企业中退出 ,阐述了经营者持大股重组模式的合理性 ,指出该模式是当前中小型国企从竞争性领域退出的一个非常有效的途径 ,但能否顺利实施 ,主要取决于改制企业是否存在着对企业有贡献的经营者和地方政府改制的目标取向是否为极大减小改制的不确定性 Analyzes the reorganization case in which a small state-owned enterprise operator holds a large share. The reorganized state-owned capital completely withdraws from this textile enterprise, expounds the rationality of the mode of reorganization of the large shareholdings of the managers, and points out that the mode is the current competition between small and medium-sized state-owned enterprises. A very effective way for the exit of the sex industry, but whether it can be successfully implemented depends mainly on whether there is an objective of the restructuring of the business operators and local governments that have contributed to the reform of the enterprise. This is to minimize the uncertainty of restructuring.