The CPTPP provides general provisions including “general exceptions” and “security exceptions”, and further exceptions are specifically designed in each chapters to make up for the inadequacy of the general provisions, which is inclusive in nature. Through deconstruction of the text of the exceptions in Chapter 17 and investigating how the current members make good use of the exception rules, we can get the following inspirations for the construction of the exceptions for China’s accession to the CPTPP: exploring the sovereign wealth fund model to promote the generation of exceptions, issuing the list and promoting the reform of mix ownership of SOEs to make the use of exception rules of small and medium-sized enterprises and sub-central SOEs, implementing the exceptions of national economic security and performance of government mandate and proposing inconsistent measures on the basis of financial security and economic emergencies, regarding the “country exception”, boosting specific sector exceptions and specific policy exceptions. Thus, China could meet the basic requirements of CPTPP for competitive neutrality in the accession negotiations with the existing member states, and at the same time, make good use of the exceptions to gain more time and room for deepening the SOE reform in China.