资本经营在认识上存在许多误区：宏观上，将国有资本经营等同于控股经营；中观上，资本经营等产同于垄断经营；微观上，资本经营成为低成本扩张、包装上市、企业经营的代名词等．这些认识上的错误，直接导致实践中的失误． There are many misunderstandings in the understanding of capital operation: in macroscopical view, the state-owned capital operation equals to the holding operation; in the medium-term view, the capital operation equals the monopoly operation. In the microcosm, the capital operation becomes the low-cost expansion, the packaging and listing, the enterprise management Synonymous. These mistakes in understanding directly lead to mistakes in practice.