Abstract：During the early Republic China， the government issued The Trade Association of Industry and Commerce Rules besides The Chamber of Commerce Law to guide and standardize the development of the business community. However， the government had to amend the rules because there were a lot of controversies on guild sponsor qualification and guild name， etc. In addition， the industrial and commercial circles fell into conflicts competing for the right of the Association， and the government then divided the rules into two parts as industrial rules and commercial rules for the development of the industry. The government endowed business management power to merchant groups through laws and regulations， at the same time， enriching the ways of intervening the economic society. The merchant groups gained relatively independent right of economic society management with legal authorization， which constitutes an important aspect of social governance in modern China.
