By using net asset earning rate, CEO shareholding rate, company scale, state - owned share - holding rate and Herfindahl index as interp retive variables, by using descri p tive statistics, regressi on analysis and relativity analysis, this paper analyzes CEO wage influencing fact ors of listed companies in Shanghai and Shenzhen, the results show that there is relati on bet ween CEO wage of listed companies and average net asset earning rate, CEO share - holding rate, company scale, state - owned share - holding rate and Herfindahl index . Equity s p lit reform should be an opportunity t o accelerate and promote long - term incentive mechanis m construction based on CEO stock option and so on and to consolidate company management structure construction .