The invention discloses an MMC apparatus sub-module capacitor voltage balance method by adopting model predictive control. The balance method specifically comprises the following steps: step 1, a system-level main control CPU obtains each phase of control signals of an MMC main circuit; step 2, a phase-control circuit divides sub modules into a discharging group, a charging group and an undifferentiated treatment group according to voltage levels; and step 3, the finally input sub modules are determined in a pulse allocation link, and corresponding trigger pulse is generated; and after the trigger pulse passes through a driving circuit, a PWM signal is generated for controlling on-off of a corresponding switching device IGBT, so as to complete sub-module capacitor voltage grouping type model predictive control of the MMC apparatus. By adoption of the balance method, the nonlinear characteristic of the MMC system is maintained while the sub-module capacitor voltage control of the MMC system is effectively ensured as well, the control precious of the system is remarkably improved, burden of a processor is reduced, and the calculated amount of the existing model predictive technology can be reduced to the maximum extent.