中文摘要：

金融虚拟性在货币产生过程中孕育，在货币制度演变过程中增强，其历程可划为三个阶段，即货币名义价值与实际价值分离的低度虚拟性阶段；金融市场自循环系统形成过程中的中度虚拟性阶段以及金融衍生工具兴起并盛行的高度虚拟阶段。金融虚拟化过程实际上构成了一个金融经济与实质经济的逐步分离并强化的趋势。

英文摘要：

Based on illustrating the concept of financial ficticiousness, the paper def＇mes its evolutionary path as three stages, namely low financial ficticiousness ranging from currency emerging to ficticous capital appearing, middle financial ficticiousness ranging from ficticous capital appearing to Bretton Woods System＇s collapse, and high financial ficticiousness ranging from financial derivatives arising to now.