This paper selects 1468 sample data of 490 private listed companies listed on the Shanghai and Shenzhen stock exchanges (2013 to 2017) to study the relationship between Chinese corporate equity incentives and corporate relative performance. The empirical research results show that there is a significant positive correlation between the equity incentive level of private listed companies and the relative performance of the company; the grouping research results based on high-tech industries show that in non-high-tech industries, the level of equity incentives promotes the relative performance of the company. In high-tech industries, this effect is not significant. Finally, the article puts forward relevant suggestive measures.
