This paper focuses on how to deal with the changes of monetary policy and how to deal with the differences in the investment behavior of enterprises, considering the government controlled enterprises' property rights.The study finds that countries adopt tighter monetary policy on investment still has an inhibitory effect.However, because the government controls the ownership of listed companies, the transmission mechanism of monetary policy on the investment of enterprises in a certain extent appears weak effect with the differences in property agency relationship, and the control effect of monetary policy is interference.Especially, the state-owned enterprises have very high concentration of ownership, the transmission mechanism of monetary policy on the investment of enterprise's effect is suppressed, which is more easy to deviate from the conduction effects of monetary policy on the investment decision of the enterprises.