Previous studies suggested that the rational allocation of financial resource is an important precondition to realizing the economic growth and improving the business performance . In China

due to the bank-dominated financial system

the state-owned banks often assume the role of credit resource allocation subject. At the same time

they also have natural relationship with the state-owned enterprises

which makes ownership structure become an important factor of bank credit

affecting resource allocation and business performance. To explore the relationship between the financial resource allocation and the corporate ownership structure as well as its influence on enterprise performance

this paper tries to carry on the empirical analysis through using data of 1054 listed companies from 2007 to 2016 and the fixed effects regression model.Study suggests that the relationship between financial resource and enterprise performance is similar to an "inverted-U shaped" curve

and the serious ownership discrimination in Chinese credit market led to the misallocation of financial resource

and has a significant and long-term negative influence on enterprise performance. In this regard

China should create a competitive market environment actively

promote market-oriented reform of the financial system as well as the reform of state-owned enterprises and promote the rational allocation of resource.