In recent years, a series of social public events have led to extensive moral controversy, which reflects the conflicts and identity crisis of moral values and consequent moral dilemmas such as immorality and moral indifference during the period of social transition. To reconstruct the identity of moral value and go out of moral dilemmas, it is necessary to take action as follows: To begin with, it is important to make differentiation among individual emotion, meaning value and social norm value to establish the authority and the validity of social norm value and to form the consensus of social norm value. Then a fair social order can be available to meet the demands of individuals′ life. Secondly, individuals should maintain a clear understanding of rational value and cultural consciousness to have spiritual support for the realization of self-life value and the meaning of life.