Oceanic squid is an important marine living resource and has great potential for exploitation. Chinese oceanic squid fishery began in 1989. After nearly 30 years of development, Chinese oceanic squid fishery has become an important component of distant-water fishery and has become the largest in the world. In the course of development in the past 30 years, through the cooperation of fisheries industry, education and research units, the oceanic squid resources have been continuously investigated by using fishing vessles in the three oceans, and some new squid resources have been continuously developed and utilized commercialy. Therefore, based on the data collected by Chinese squid fishing vessel from 2003 to 2017, the paper analyzes the basic biology, resource distribution of squid and its relationship with water temperature, and summarizes the development of squid jigging fishery in China. The countermeasures and suggestions for sustainable development of oceanic squid resources in the world are put forward. The study indicated that through a productive survey of seven oceanic squid resources in the three oceans, including the Indian Ocean, the Pacific Ocean and the Atlantic Ocean, four new squid fishing grounds have been discovered for the first time in the world, and more than 10 million square kilometers of new fishing areas have been added. It is estimated that the resources of the new oceanic squid are more than 5 million tons. However, due to the limited time available for investigation and the limited knowledge of the newly developed squid life history process, it is recommended that a systematic and scientific international cooperative survey, including age and growth, population structure and life history processes, and migratory distribution based on hard tissue of oceanic squid should be carried out. The research on high-precision fisheries forecasting, and assessment and management strategy of oceanic squid resources should be also developed, which will help to realize rational exploitation and utilization of oceanic squid resources in the world.