Think tank records are main carriers of the knowledge of think tanks. Record management & control (RMC) not only serves the internal knowledge management of think tanks, but also empower the operation of think tanks. Based on the investigation and interview with front-line workers from Chinese think tanks, this paper analyzes the relevant status of utilization management of records in think tanks, and puts forward the RMC framework for think tank internal utilization--including the basic process of record management, and the control elements of governance, manager, technology and the whole process--by combining the characteristics of the new think tanks. To promote the application of the framework and to improve the effectiveness of RMC, the new think tanks should enhance the awareness of the RMC, attach importance to the top level design of the RMC of think tanks, promote the construction of the think tank information management system, innovate the management mechanism of think tanks.