Since 2008，the international financial crisis swept the world，which made the energy sector also face new variations.China’s energy enterprises，especially state-owned energy enterprises maintained a steady development in this round of shuffling.In the coal industry，in particular，under the guidance of the country’s largest coal-based strategy，the provinces had introduced policies to support integration of small coal mines，which promoted the expansion of corporate finance of the energy enterprises.Since the split share structure reform，China’s capital markets made up for deficiencies in institutional.Corporate bonds and other financial instruments based on innovation made capital instruments be an important means of integration of resources.Energy enterprises performed an active integration of resources through capital operation which realized the integration of industrial capital and financial capital.Energy Capital under consolidation in the industry fully sped，which promoted the development and upgrade of China’s energy industry.