Introduction.- Literature Review on Chinese SOEs' Mix Ownership-oriented M&A.- Theoretical Basis of Trust and Innovation Mechanism in M&A of China's SOEs.- The Theoretical Framework of Trust and Innovation Mechanism in M&A of China' SOEs.- Research on the Evaluation Index System of Trust and Innovation Studies Based on Mixed Ownership Reforms of SOEs.- Game analysis of China's enterprise M&A pricing based on expected market excess reward.- Trust,...