Abstract: The concept of "8 honors and 8 disgraces" presented by Comrade Hu Jintao in the new era is clearly on time and has profound connotations, and it acts actually as the ethics in the new period with new conditions. The value of it' s content may reflect in the five positioning, the positioning of: the subjectiveness of value, the objectiveness of value, the outlook of ethics, the time as well as the feasibility.