There is a mutual relationship between the establishment of corporation culture and modern corporation system, which has the paragenesis effect and supplementary effect. On one hand, the establishment of modern corporation system constantly transforms and created various culture conceptions, resulting in setting up a new corporation culture. On the other hand, the establishment of the new corporation culture has a great influence on the business activities and enterprises development, as well as accelerates establishment and perfection of corporation system. Therefore, during the establishment of modern corporation system in China, great attention should be paid to the establishment of corporate culture, which will foster the establishment of modern corporation system.