Abstract: In the context of the profound changes of the condition in and out of corporations, systematical researches of psychological capital are the important means of knowing the characteristics and construct of human resource of organization and establishing relevant management countermeasure. Firstly, the present article reviewed the conceptualization, components of psychological capital. Then summarized the empirical research results of the effects of psychological capital on leader and employee, explained some of the approaches of the development and management of psychological capital, and finally indicated the future research domains and trends of psychological capital

Key words: psychological capital, component of psychological capital, psychological capital development