Pulsed power research for military and civil applications has been conducted at the China Academy of Engineering Physics (CAEP) for more than 50 years. The pulsed power research activities include development of pulsed power components, such as different kinds of high-voltage switches, series of pulsed power sources and pulsed X-ray machines, highcurrent accelerators for Z-pinch and flash X-ray radiography, as well as medical application and electromagnetic launch. The most recent progress of pulsed power research at CAEP will be presented.