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The total number and occupation ratio to Gross Domestic Product (GDP) of private-owned and private-holding enterprises have already become the important parts of Chinese economy after thirty years since the economic reform was implemented and lots of large enterprises, Huawei, Alibaba and Xiwang Group as examples, have become the benchmarking in respective industries. However, the trend which is characterized by the phenomenon that the state advances and the private sector retreats in China has also developed . Shandong Steel Group holding the share of Rizhao Steel Company and the government of Shanxi Province encouraging state-owned coal mine enterprises to purchase the private ones are two typical examples. The historical position and development anticipation of private enterprises have received high attention from both the theoretical circle and business world. This paper aims to conclude the basic characteristics of fast-growing private enterprises by conducting empirical research on listed companies on growth enterprise market (GEM) in Shenzhen Stock Exchange, emphasize the necessity for existence and development of such enterprises. At the same time, this paper is written to provide suggestions to the Chinese government to reconsider these enterprises and adjust relevant policies to create a more competitive environment for enterprises with different ownerships and different scales. [ABSTRACT FROM AUTHOR]