In the early 20th century, China was forced to involve in the tide of economic globalization and gradually lost the autonomous financial monetary rights, under the double influence of foreign silver dollar invasion and domestic copper coin over-minting, the monetary circulation of the Qing Dynasty was extremely disordered and its monetary system seriously hampered the social and economic development. Under this background, Yan Fu, as a famous pioneer of the thought at that time, put forward a series of constructive proposals after objective analysis of the monetary disorder at the late Qing Dynasty. Yan Fu’s monetary reform thought expanded the Chinese vision field and created the case research in economics for Chinese through international comparison and analysis methods, which was a beneficial attempt of western economic theory localization and whose progressive-style reform proposal is of real enlightenment significance. We should learn from Yan Fu in the perspective of practical research by accepting the ideas of the masses, conduct monetary system reform in accordance with economic development, master autonomous monetary rights, boost RMB internationalization, try to make monetary policies welcomed by the masses and implement stable and healthy monetary policies.