The present invention provides a method and system for realizing a telephone conference, electronic equipment and a storage medium. A conference server communicates with each conference terminal basedon a SIP protocol. The method includes a step of receiving a MESSAGE sent by a conference initiation terminal, a step of analyzing the MESSAGE and identifying a request type and carried parameters ofthe MESSAGE, a step of obtaining carried parameters of a request for creating a conference when the request type is the request for creating a conference, wherein the carried parameters comprise an identifier ID of at least one conference participating terminal, a step of sending the request for creating a conference to the corresponding conference participation terminal according to the identifier ID, a step of receiving a response of the at least one conference participating terminal and establishing a telephone conference between the responding conference participating terminal and the conference initiation terminal, and a step of sending an operation success message to the conference initiation terminal, wherein the operation success message carries a conference ID of the telephone conference. According to the invention, a traditional WEB system for the assisted control of a conference flow is substituted by the MESSAGE based on a SIP protocol, the conference flow is simplified, and the conference efficiency is improved.