This paper analyzes the mysterious knight-errant's world created in the works of the well-known novelist Jin Yong. Conventionally, the knight-errant's world has three different meanings: jianghu, lyulin and wulin. Jianghua means an unstable and dangerous world, lyulin a neglected and rebellious zone, and wulin a territory where the knight-errants practice their martial arts. Only an excellent novelist can employ the three different meanings of knight-errant skillfully and fairly. There are three martial arts groups commonly taking place in Jin Yong's stories--Ming Jiao the religious group, Gai Bang the beggar gang, and Shao Lin the monks from the Shao Lin Buddhist Temple. Although these three groups can be traced to the real society, the author invents various fascinating plots which bear the stamp of his ideology. Ming Jiao, Gai Bang, and Shao Lin also stand as three pillars in Jin Yong's stories. This demonstrates Jin Yong's inheritance from the tradition as well as his new inventions. The Gai Bang depicted in his works is known for its honesty and integrity, and Ming Jiao for expelling demons. Above all, the jianghu world deliberately invented in Jin Yong's novels is usually based on historic events, and these events are used as metaphors. As a result, the novelist can not only express his historic opinions, but also indirectly criticize his contemporaneous world. The author of this paper believes that the political criticism is rooted in Jin Yong's works and can be regarded as his greatest achievement.