Abstract: Since the 1970s and 1980s, financial capital has changed in four aspects: the capital and capital relationship, financial capital and wage labor, financial capital and sovereign states, and financial capital and the world market, making it theoretically transform into financialized capital. Financialized capital indicates the dominance of fictitious capital, its integrated growth with borrowed capital, and the control of the two over industrial capital and even over all aspects of the economy and society. While pursuing proliferative properties, they also have the requirement to maintain liquidity, turning the delusional illness of making money without the intermediary of the production process into a structural disease of capital accumulation. Despite of the self circulation and a high degree of autonomy, financialized capital, through the appropriation of surplus value, the income of all classes and even real capital， and in the form of interest, entrepreneurial profits, capital gains, commissions and handling fees, is associated with a striking instability and inevitably rebuilds the monetary and value bases of social production through crises.

Key words: financial capital, financialized capital, proliferation, liquidity 

摘要： 20世纪七八十年代以来金融资本在资本与资本关系、金融资本与雇佣劳动、金融资本与主权国家、金融资本与世界市场四个维度的变化，使其在理论上转变为金融化资本。金融化资本意味着虚拟资本主导、其与借贷资本的融合生长，以及二者对产业资本乃至经济社会各环节的控制，它们在追求增殖性的同时，还产生保持流动性的要求，将不用生产过程作中介而赚到钱的狂想病发展成资本积累的结构性病症。金融化资本以利息、创业利润、资本利得、佣金和手续费等形式占有剩余价值、一切阶级的收入，甚至现实资本，在自我循环和高度自治的背后，隐藏着惊人的不稳定性，并必然通过危机重建社会生产的货币基础和价值基础。

关键词: 金融资本, 金融化资本, 增殖性, 流动性