The "Universal values",or a set of principal values for the entire mankind,are,above all,values.Studies on the issue of value consist one of the most important topics and the most fruitful contributions to the philosophical research in the 20th century.But discussions and arguments on such an issue among Chinese scholars implicates an insufficient and partial understanding of the general intellectual scope,and is still confined to the old way of thinking.This has resulted in a lack of scientificity and constructive approach in this area.This paper draws on the major contributions of Marxist value studies and tries to rethink the related key concepts and issues critically,and then to put the discussion of the gist and implications of "universal values" back to the realistic practices,and so it can serve as an constructive reference for the building of our value system.