This paper makes a comparative analysis about enterprise group’s growth pattern mainly from development path, organizational structure, governance structure, and government-enterprise relations among Britain, United States, Japan, South Korea and China. It is showed that the British-American model is market-oriented, the Japanese model is a combination of industrial capital and financial capital, and the Korean model is the government’s leading. Three models all have their own advantages and disadvantages. With unique Chinese characteristics, the enterprise group of China is developing rapidly under the guidance of the government, but it differs greatly from the enterprise groups in developed countries. Therefore, with the improvement of marketization in China and the fierce international competition, Chinese enterprise groups should draw lessons from foreign enterprise groups, improve their own development and enhance international competitiveness.