A four-bridge arm thyristor switch voltage-regulating circuit and voltage-regulating method. The voltage-regulating circuit includes a series transformer, an adjusting transformer, a four-bridge arm thyristor switch and a control circuit, the adjusting transformer is formed by four independent windings, including a 100V winding, a 300V winding and a 200V winding, wherein the 300V winding is located between the 100V winding and the 200V winding, output voltage of all levels is provided through combination, the four-bridge arm thyristor switch includes eight thyristor switches, a four-bridge arm type switching circuit is formed, each bridge arm is provided with two thyristor switches at upper and lower sides, and a control circuit controls switching-on and switching-off states of each thyristor, thereby realizing voltage regulation. The voltage-regulating circuit and the voltage-regulating method in the invention can provide voltage regulation with a measuring range of +/-600V and a precision of 100V, and of 13 levels in total, and has the characteristics of large voltage regulation measuring range, high precision, fast switching speed, low production cost, long service life and the like.