In order to research soil moisture of a limestone peak forest plain in Laibin, Guangxi Province, the investigation had chosen three lands, a maize field covered by mulching film, a common maize field and a set-aside land, from March, 2006 to April, 2007, measuring soil moisture content and potential at the depths ranging from 0-450 cm in profiles by neutron probe and tensionmeter. The results showed that the content of soil moisture in aeration zone varied intensely at depth of 10 cm, and attenuate at 100 cm and 450 cm. On the other hand, soil moisture content and dynamic variation presented seasonal features, Between Mar. and April, 2006, the mean soil moisture content was 36.7 %, which was the biggest value in that year. In this period, it was general higher and increased progressively. From May to August, the mean was 34.1%, and both maximum and minimum appeared during this time. From September to November, the mean was 32.6%, mainly showed a trend of decreasing gradually. From December 2006 to February the next year, the mean was 31.4%, which was the lowest value in that year. The ZEP of soil moisture in aeration zone existed 338 days during one year. Depth of ZEP, from November 2006 to February 2007, was 170cm, and less than 100cm in the other months. In all observation time, transpiration of soil moisture was 865.66mm, accounting for 88.5%. And infiltration was 145. 47mm, taking up 11.5%.The field capacity was 30.3%.