Proverbs listed by Chinese college students, who are often at the leading edge of cultural change, provide a window into the dynamic interplay of traditionality and modernity. Using thematic analysis, Study 1 examined popular proverbs listed frequently by Chinese college students (n = 298) and the embedded values. Study 2, which was a survey, examined Chinese college students’ (n = 240) endorsement of individualism, collectivism, and the values identified in Study 1, and the predictive associations of individualism and collectivism with the values. Findings in Study 1 revealed 103 frequently listed proverbs and eight embedded values (i.e., Learnedness, Diligence, Practical Orientation, Collective Orientation, Social Relationship, Moral Virtue, Free Spirit, and Optimism). Findings in Study 2 indicated participants endorsed Practical Orientation and Learnedness the most, followed by Diligence, Moral Virtue, Social Relationship, Collective Orientation, Optimism, and Free Spirit. Furthermore, although Chinese young adults are more individualistic than collectivistic, collectivism remains a stronger predictor of the values uncovered in the proverbs. The value dynamics in general revealed tensions and harmony between Confucianism and Daoism and the hybridisation of tradition, modernisation, and Western individualism, thus reflecting the complexity of Chinese young adults’ social psychology.