Based on researches done by scholars both home and abroad on translation competence, this paper brings forth a renewed insight into the nature of translation competence from the metecognitive perspective by integrating the idea of pluralism and minimalism . It examines the role played by metacognition in translation problem-solving process, pointing out translation metacompetence as the core of translation competence, including orienting subcompetence, analyzing subcompetence, and evaluating subcompetence. Controlled by metacognitive orienting, planning, monitoring, and evaluating, translation metacompetence identifies, analyzes, and solves problems, and ultimately makes overall plans on the whole translation process by optimizing different translation competences.