This book aims to study the evolution of China's state capital. It began with the intervention of China's feudal countries in the economic field and the direct management of industry and Commerce (this part can be regarded as the pre history of state capital), and ran through the whole modern and state-owned enterprises of the PRC. Generally, this title investigates the changes and characteristics of China's state capital in the past two thousand years according to the historical order, and probes into China's national conditions and the status, role and evolution trend of state capital. The Chinese version of this book was published in 2012 and has had a great impact in the academic world. Many scholars hope to translate it into English for publication because it involves the history of China's state capital. The English version will help international academia understand the research results of Chinese scholars on this subject. The book is the first monograph to sort out China's capital from a long historical perspective at home and abroad. The time span is from the former capital form in the period of ancient agricultural civilization to the evolution history of state-owned economy since the reform and opening up. It not only spans a long period of time, but also spans and analyzes the different nature and role of state capital in different socio-economic forms and different political regimes. At the same time, it is also an active use of Marxist historical materialism to analyze the source and historical status of China's national conditions and socialism with Chinese characteristics from the perspective of state-owned economy. It is a very important research achievement in this field in recent years, which not only has important academic significance, but also has certain practical reference value Author's biography in brief: Wu Taichang, a researcher in the Institute of economics, Chinese Academy of Social Sciences, and former director of the Institute of