Abstract: Based on the date of a share market in Shanghai Stock Exchange and Shenzhen Stock Exchange from 2009 to 2011, this paper mainly examines the affection of the government intervention on the firm dividend policy. The results of our examination show that: the more the degree of the government intervention, the less probability of board implements dividend policy and the lower the pay cash dividend for shareholders. Furthermore, the degree of the government intervention will be reduced in the companies which have more marketing and technological resource, and there are higher probability of board implements dividend policy and the more the pay cash dividend for shareholders in those companies. The findings above not only verify the theory of the affection of the government intervention on the firm dividend policy and enrich the relevant research, but also provide beneficial implications for relevant policies in practice.