Reform and opening-up brought a new start to the Chinese rule of law, which experiences a tortuous process from 1978 to the present. The same is happening to the financial rule of law. On the whole, financial rule of law has achieved various outcomes, but there still exist problems unsolved. The article, based on the theoretical status of financial rule of law, discusses a new dilemma: how to deal with fiscal law and fiscal policies. Reflections are made on the present situation between fiscal law and fiscal policies from the perspective of sh...