In order to resolve the problems exis ted in listed companies,the paper pu ts forward the objectives in optimizing the structure of property rights,that is to diversify the str ucture of property rights of listed c ompanies appropriately,and the process shou ld be steady and orderly.The paper also analyses the timetable and the ord er in the process of declining the state-owned stocks.The paper concludes b y discussing ways how to decline the state -owned stocks and their pricin g.