Abstract: The modern state-owned enterprise system with Chinese characteristics put forward by general secretary Xi Jinping has profound connotation, which can be grasped in depth from the evolution of ontological meaning, contextual meaning and essential meaning about Chinese characteristics, modern enterprises, and the present state-owned enterprise system.The modern state-owned enterprise system with Chinese characteristics is a collection of systems formed by embedding the leadership of the Communist Party of China and the long-term accumulated democratic management of employees and other excellent cultures into the enterprise, on the basis of drawing lessons from the general system of the modern enterprise system and fully considering the actual situation of the state-owned enterprise in China.The system construction of modern state-owned enterprises with Chinese characteristics needs to follow the principles of the party′s leadership, economic efficiency, democratic management and shared development.A correct understanding of the connotation of modern state-owned enterprises with Chinese characteristics and the principles of the system construction of modern state-owned enterprises with Chinese characteristics will help to promote the efficiency and competitiveness of the system of Chinese state-owned enterprises.

Key words: Chinese characteristics, state-owned enterprises, enterprise system, connotation, principles