It’s totally 30 years since the carrying out of Economic System Reform in China，and what will be the future way of reform？In my opinion，the U.S.subprime mortgage crisis，at least points out the“Ten No”principles and directions to China’s future economic and financial reform，that is：do not over-worshipped the U.S.economic model；should not rely on fabricating bubble to develop economy；should not deny the traditional Chinese consumption mode；don’t need to defame the bank-based financial system；do not follow the mode of the U.S.investment bank；financial innovation can not be excessive；do not indulge financial liberalization；cannot ignore the destruction effect of financial nuclear bombs；should not pamper financial executives who seek sky-high salary；should not change the cautious attitude to the opening-up.