Abstract: On the basis of stakeholder theory and existing studies, an evaluation index system of corporate social responsibility (CSR) was constructed via interviews and questionnaires, which includes 7 indexes and 27 sub-indexes. Then, an evaluation model of CSR was developed based on empirical study of 1265 listed companies of Shanghai and Shenzhen stock markets from 2005 to 2009. Using the model, the CSR performances of listed companies in recent five years were evaluated. The comprehensive evaluation results showed that the CSR levels of these companies are neither high nor balanced. The state-owned enterprises and large-scale enterprises undertake more CSR. Enterprises in the regions with rapid economic development and in high profitable industries make significant contributions to the social responsibility, while the CSR of newly established enterprises are more stronger.