It summarized the botanical characteristics, the biological characteristics and the classification of Loropetalum plants, as well as the advances in main functional components of it, such as flavonoids, gallic acid and tannin. Each study indicated that the flavonoids, gallic acid and tannin in Loropetalum plants have great medicinal value, for instance, the flavonoids such as total flavonoids extracted from liquorice can reduce the incidence of hyperlipidemia, flavone monomer can greatly inhibit Staphylococcus aureus, Bacillus subtilis and fungi; gallic acid can inhibit the cancer-promoting action of ODC, can directly injure tumour cell, and also can inhibit the growth of tumour vessel; tannin has widely pharmacological activity, such as protecting digestive apparatus and treating gastrointestinal bleeding, ulcer and watery diarrhea. Moreover, it prospects the studying direction in the future.