Abstract:Soybean is one of the most important crops and abundant plant sources of dietary protein.Soybean contains about 36%-56%protein，which makes it a good source of bioactive peptides and object of functional food and new drugs research.Hydrolysates and peptides derived from soybean by enzymatic hydrolysis have shown a good nutritional value and potential health benefits such as antihypertensive，cholesterol-lowering，antioxidant and anticancer activities.It was reviewed in this article that the recent research advances in biological activity of extracts derived from soybean protein by enzymatic hydrolysis.Biological and functional characteristics of the derived extracts were also presented.It was provided by this article that the important information and knowledge for development and industrial production of soybean protein-derived hydrolysates and peptides with potential health benefits.