We should not doubt or even negate the Oriental value only becasue of the Asian financial crisis.

There drives two corresponding mechanism of governance:principal-agent governance and society co-governance based on the two theories about the ownership of firm:shareholder-value perspective and stakeholder-society perspective.

The East Asian value ideology does not entirely ignore the self value;rather,it takes the self evaluation among the whole community.

The Confucius ideas on values should properly draw on useful substances in the western ideas on values,which adapt to the requires of the socialized propuction on a large scale,basing on keeping its essence, if it advances along with the development of China s modernization.

The author analyses the various conflicts between western value ideas and traditional Chinese value ideas,the deconstruction and reconstruction since the western value ideas challenged the traditional Chinese patriarchal society,then discusses how to creatively integrate western value ideas into traditional Chinese value ideas.