Abstract: After the 19^th National Congress of the CPC, there is a basically general consensus about the risks in China’s economy among politicians and economists. The main risks in current China’s economy lie in financial area, and we should spare no effort to avoid systematic financial risks. We analyze the connotation and sources of financial risks from the perspectives of asset bubbles, foreign exchange market, debt problem, financial mess and fluctuations of macroeconomic policies. We propose some suggestions and measures about suppressing asset bubbles, stabilizing foreign exchange currency, decreasing debt, tackling financial mess and controlling the monetary policy and macro-prudential policy. Meanwhile, we should promote financial reform continuously and adjust financial risks prevention policies contingently to avoid systematic financial risks and achieve steady growth.