In recent years, industrial technology in China continues developing fast, and this has put forward higher requirements for China's forging equipment. The development international direction of the forging equipment is multi-bit, high-speed and large-set, which leads to the combination of a number of technologies such as hydraulic, pneumatic, electronic, mechanization and detection. However, China's forging press is still at a relatively low level. The organically combination of CNC system with the computer, network, automated warehouses, automatic mold change systems and industrial robots has made the development of the manufacture more and more intelligent as well as its technology level more and more intelligent. In order to occupy a place in the international arena, it is imminent to vigorously develop China's forging equipment. As high speed forging hydraulic machine occupies a very important position in the whole forging system, and the requirement on the dimensional accuracy and productivity of industrial products is getting higher and higher in modern society. This paper introduces the analysis and researches on the hydraulic system of high speed forging hydraulic machine, which is also the difficult and hot point of social researches.