Due to its qualities of being light, high-strength, and good resistance to abrasion, magnesium oxychloride cement is used extensively in China and abroad, but simultaneously, its large-scale use has been limited due to its disadvantages of poor water resistance, easy to buckling deformation and corrosive to rebar. The paper not only introduces the advantages and disadvantages of Magnesium Oxychloride Cement, but also outlines the domestic research overview and prospered development prospects of magnesium oxychloride cement.