Based on the research of foreign capital flows and financial risks, this note puts forward the conceptual model─“Foreign Capital Reliance”(FCR), and analyses its interior development mechanism and the possibility & inevitability of its result in Financial Crisis from the perspective of monetary capital. The author believes that financial risks also exist in foreign capital flows, and foreign capital inflows are entirely possible to result in a more fragile economic system. The author also regards Asian Financial Crisis as Crisis typical of FCR. The empirical analyses of sampling five Asian countries: Thailand, Korea, Indonesia, Malaysia and Philippines support the arguments.