Modern democratic politics is party government. The meaning of party government is two or more democratic parties compete or corporate fairly and legitimately with others to establish political operation. most of democratic countries have granted their political parties legitimate statue to perform their functions. Therefore how political parties raise their funds has become public concern. This article will discuss the evolvement of our country's fund- subsidy mechanism and recommend its future development from the following three aspects:(1)What kind of political system is suitable to apply party fund-subsidy system ﹖ (2)if the party fund-subsidy system is applicable how does it implement ﹖ (3) Should the usage of party subsidy be supervised ﹖