The conversion of CO2 into high value-added chemicals with green hydrogen is of great significance in the resource utilizationof CO2,which effectively alleviates the ecological and environmental problems caused by excessive CO2 emissions while improving energyefficiency. Recently,thermal-catalytic CO2 hydrogenation have developed rapidly to produce a variety of renewable chemicals. Comparedwith gaseous product (such as CH4 and CO),the resulting liquid products,such as methanol,gasoline,and aviation kerosene,arepreferred due to their advantages of high energy density as well as easy storage and transportation,and have received extensive attentionfrom both academia and industry. However,considering the chemical inertness of CO2 molecules and the high energy barrier of C—Cbond coupling,the activation of CO2 and the selective conversion to liquid products are extremely challenging. Key issues such as lowconversion per pass of CO2,high selectivity of by-products such as CO,and easy deactivation of catalysts are still present. Herein,recentadvancements of CO2 hydrogenation to liquid products are systematically summarized. The mechanism of CO2 hydrogenation to liquidproducts is introduced from the viewpoint of reaction pathway. Moreover,the design strategies of efficient catalysts are elaborated indetail. The effects of size,exposed facets,defect sites,alkali metal promoters,transition metal promoters,supports,surface groups,andhydrophilicity on the catalytic activity, selectivity, and stability are systematically summarized. In addition, the mechanisms ofconstructing and regulating the multifunctional active sites of catalysts in CO2 hydrogenation to liquid products are also introduced fromdifferent scales. Future perspectives for the further development of CO2 catalytic hydrogenation to liquid products are finally proposed.The fine design of catalysts,exploration of process conditions,optimization of reactors,and research on catalytic mechanism at the atomicand molecular levels will greatly promote the practical process of CO2 hydrogenation to liquid products technology.