The key and prerequisite of realizing the revitalization of old industrial bases are to further deepen the reform of state-owned enterprises and try the best to promote the institutional innovation and the mechanism innovation. The revitalization of old industrial bases is carried out under the condition of reform and opening up as well as the development of socialist market economy. Therefore, it must follow the requirements of new industrialization and make a fuss in the “new”. Deepening the reform, expanding the opening up and promoting the institutional innovation, they are considered as the important symbols for realizing the revitalization of the Northeast Division. It is necessary to actively promote the strategic adjustment of the layout of state-owned economy and speed up the restructuring of key industries. Accelerating the development and achieving the revitalization require us to hold high the banner of reform and opening up and firmly set up the ideas of relying on reform and opening up and market mechanisms to realize the revitalization. Continuing to deepen the reform and expanding the opening up have provided a powerful driving force for revitalizing the old industrial bases.