The process of the formation of Japanese Sinology and the construction of modern Chinese studies are very similar. This paper first discusses how traditional Chinese studies changed into modern Sinology and confirms the important role that the higher textual criticism of Qing dynasty and the European oriental studies played in the transition. Meanwhile it was under the similar academic background that the academic exchanges between China and Japan became more probable and fruitfu1. Second, based on the close contact of Hu Shih 胡適 and Aoki Masaru 青木正兒, the author elaborates on the inspiration and assistance to Chinese scholars derived from the discoveries of rare traditional Chinese literary and opera documents in Japan and the advanced Japanese Sinologists’ researches. A case in point is Hu Shih’s textual criticism on Heroes of the Marshes 水滸傳. The last part of the paper deals mainly with the interaction between Chinese and Japanese academic exchanges. Through the bridge constructed by Hu Shih and Aoki Masaru, Japanese Sinologists’ academic achievements, such as Torajiro Naito’s 內藤湖南 research on Zhang Xuecheng 章學誠 and Michiyo Naka’s 那珂通世 research on Cui Shu 崔述, pushed forward the systematization of the National Past advocated by Hu Shih. In the mean time, Aoki Masaru, as a professional intermediate agent, introduced the information about the systematization of the National Past into Japan through the journal Shinagaku 支那學, while his study was once influenced by Hu Shih. Focused on the contact of two scholars, the author tries to explain that the academic exchanges and the share of academic resources gave an impetus to the Chinese studies in the early 20th century.