Over the past 20 years, resilience theory has attracted great attention from both researchers and mental health practitioners. Resilience is defined as a process of overcoming the negative effects of risk exposure, coping successfully with traumatic experiences, or avoiding the negative trajectories associated with risks. Three basic models of resilience have been proposed to account for the mechanism whereby promotive factors operate to alter the trajectory from risk exposure to negative consequences: compensatory model, protective model, and inoculation model. Assets and resources are two types of promotive factors found to be effective in decreasing internalizing and externalizing problems. Considering the protective or compensatory role of assets and resources in helping youth be resilient against negative effects of adversity, resilience could be applied to Chinese migrant and left-behind children who are at risk for internalizing (e.g., depression, anxiety) and externalizing problems (e.g., delinquent behaviors, cigarette and alcohol use). Additionally, psychological suzhi-based interventions, a mental health construct for individuals that focuses on a strengths-based approach, can be integrated with resilience-based approach to develop more balanced programs for positive youth development.