Abstract: This study on ecosystem services of Liangzi Lake Golf Course were evaluated by market valuation method，shadow engineering method and product cost method. There were five indirect values selected，such as CO₂ fixation and O₂ release，water holding，soil conservation，air quality improvement and biodiversity maintenance. The results showed that the total indirect ecological value of Liangzi Lake golf course was estimated up to 772. 32 × 104 yuan（RMB），including the CO₂ fixation and O₂ release of 178. 38 × 104 yuan（RMB），water holding of 23. 34 × 104 yuan（RMB），soil conservation of 510. 19 × 104 yuan（RMB），air quality improvement of 6. 29 × 104 yuan（RMB）and biodiversity conservation of 54. 12×104 yuan（RMB）. While the soil conservation accounted for 66. 06%，CO₂ fixation and O₂ release accounted for 23. 10%，the others were below 10%. The results indicated that golf courses as a special open green spaces played a vital role in water holding and urban living environment improvement.

Key words: ecosystem services, golf course；Liangzi Lake, soil conservation, CO₂ fixation and O₂ release conservation