Abstract: Choosing date of the ST companies of A shares in the Shanghai and Shenzhen Stock Markets during the years of 2006-2014 as samples, this paper makes an empirical analysis of the relationships between the fluctuation of monetary policy and the resolve of the financial risk with logistic regression model. The results shows:there is a negative relationship between the tightening monetary policy and the resolve of corporate financial risk, namely tightening monetary policy is harmful to the resolve of corporate financial risk; for non state-owned enterprises which is enduring financial risk, tightening monetary policy has significantly adverse impact on its resolve, while for state-owned enterprises, the adverse impact is not significant.