The trend that Military enterprises carry out public financing in the capital market has become increasingly prominent, under the new situation of market system gradually improved, policies and regulations gradually matured, civil-military integration continuous deepening. Firstly, this paper reviews the equity financing ways used commonly by military enterprises, combining of equity financing ways used by SMEs in China, and focuses on the necessity of public financing; then conducts in-depth analysis of the present situation and existing problems that China’s military enterprises’ public financing has; finally, proposes the corresponding countermeasures and suggestions based on the military industrial groups’ own characteristics and external environment.