The invention discloses a control method of a modular multi-level current converter. According to the control method, 2N sub modules of a bridge arm is divided into N+1 module groups according to 20, 21, 22, and so on, and 2N-1, and 1, and during work, intra-group sub modules in each group are kept the same in state, namely being simultaneously turned on or turned off. Each group is configured with a voltage sensor used for measuring the voltage value of the group. According to such a structure, a voltage stability control method, a voltage recording method, a modulation method and an even pressure control method are designed. Voltage stability control adopts a PI adjustor to stabilize the sum of capacitor voltage of all sub modules of all phases; the voltage recording method is used for saving voltage values of all the module groups; the modulation method is used for determining the on-off state of each module group; even pressure control is used for keeping the average value of the sub modules of a component to be balanced. According to the control method provided by the invention, a control way of grouping sub module groups is adopted, voltage transformers required in an MMC system are greatly reduced, and further, hardware complexity of the system is reduced and the cost of MMC is reduced.