The invention relates to a hydraulic system of an aerial operation truck with two folding booms. The hydraulic system is provided with an oil cylinder I, an oil cylinder II and a rotary motor, wherein the oil cylinder I is a lower boom variable-amplitude oil cylinder, the oil cylinder II is an upper boom variable-amplitude oil cylinder, and the rotary motor is a cycloid hydraulic motor. The hydraulic system is characterized in that the oil cylinder I is connected with a reversing valve I-A through a flow valve I, the oil cylinder II is connected with a reversing valve I-B through a flow valve II, the rotary motor is connected with a reversing valve III, the reversing valve II is simultaneously communicated with the reversing valve I-A, the reversing valve I-B and the reversing valve III, and is communicated with a hydraulic valve, the hydraulic pump is communicated with an oil tank, the oil tank is communicated with the hydraulic pump through an oil absorbing filter, the oil tank is communicated with the reversing valve III through an oil return filter, the oil cylinder I and the oil cylinder II are respectively communicated with atmosphere through pipelines, and a damping throttling plug is arranged between the reversing valve III and the rotary valve. The hydraulic system has the advantages that under the condition of low cost, the hydraulic system of a boom frame is stably and reliably controlled, and the problems of shaking, instability and large impact when the aerial working truck operates and controls the boom frame to lift are solved.