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WU Xiao-qiu(School of Finance,Renmin University of China,Beijing 100872,China)  
A financial crisis which has deep impact on the system of economy and finance is spreading around the world recently.Learning experiences and lessons from this crisis is the main task of the government and scholars in China.It is quite important to analyze further the following theoritical issues related to financial crisis:the root causes of this financial crisis,the relationship between real economy and fictitious economy,the reform of the international monetary system,the rebuilding of the international financial order,financial innovation and regulation,the balance between government intervention and market principle,the reason why investment banks fail,high financial leverage,the future of asset-securitization,and the alternative monetary policy targets.
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