The invention discloses a submarine hydrothermal exhalation simulation device having an observation function. The device mainly comprises a vertical high pressure injection pump, a temperature control system, a pressure regulating valve, a transparent pressure vessel, a high speed camera, a water cooling system, a pressure gauge, a sulfide collecting device, a pressure release valve and a stop valve. The device can simulate submarine hydrothermal exhalation, can regulate different temperature, speed and chemical components of a hydrothermal vent according to different requirements and can observe by using the high speed camera. Submarine hydrothermal exhalation simulation observation is realized by using a unique structural design under the lab environment according to the principle of similarity based on the real submarine vent environment, and the highly complex physiochemical process that hydrothermal liquid jets to the relatively low temperature and low pressure environment from the high temperature and high pressure environment and mixes and reacts with the seawater is basically restored so that the conditions and the data which are difficult to obtain through pure theoretical analysis and value simulation can be provided for the research related to the hydrothermal process.