The allocation of resource is the issue that has long attracted close attention of the economic field.It is also an eternal issue that has been studied for a long time but is still new.Besides the traditional methods of invisible and visible for the allocation of resource,there is also the hand,i.e.the third allocation.There are many defects in the traditional theoretical research of the allocation of resource,and it is in the background of market allocation and its failure,government allocation and its failure,and the existence of the defect of dualist thought in the problem of resource allocation that the idea of the third allocation was put forward.The hand,i.e.the third allocation,has been studied by many experts,and practiced since ancient times.In the process of economic operation in modern society,the third hand that adjusts the society′s economic operation,credit,ethics,and so on has been playing an important role in remedying the defects of government intervention and market mechanism.The research of the third allocation has a theoretical base and practical base as well,and it can provide a new view on the research of the issue of resource allocation.