The current status and importance of preserving fish germplasm resources were described. The basic principle of cryobiology and its application potentials in preservation of aquatic germplasm resources were examined. The mechanism of cryodamage was discussed. The recent advances and major problems in finfish gamete and embryo cryopreservation were reviewed. The prospects for cryopreservation research in fish gametes and embryos were looked into. The important research directions in cryopreservation of aquatic organisms were proposed.