Family enterprise group is a typical form in the economic structure of East Asian countries. In China's capital market, family business refers to those enterprise groups that control multiple companies through rapid expansion and form a consortium. These enterprise groups control a number of listed companies through direct or indirect holding, and through the management structure and participation management of Jinyu Building, they have cash flow control rights that greatly exceed their equity. There are two kinds of clan enterprises in China: one is represented by state-owned enterprise groups, such as the Capital Department, Yuanda Department, Jade Bird Department and China Resources Department; The other is family enterprises headed by private enterprise groups, such as Hope Department, Multiple Galaxies, Universal Department, Huali Department, etc.

In the current capital market, it is the basic path for some enterprises to grow rapidly by controlling a number of companies through rapid expansion and forming related "family businesses". The development process of Delong, Greencool and Zhanghai departments has formed the route of "initial development-rapid expansion-rapid short-term financing-re-expansion-tight capital chain-crisis-bankruptcy".