Based on detailed and systematic researches of the geology of ore deposits, fluid inclusions and isotope geochemistry etc., and regarding the Late Paleozoic fluid system of the Yuebei Basin as an integrated object in this paper, we have revealed the temporo-spatial evolution law of the basin’s fluid system and discussed its ore-forming effects by simulating and analyzing the distribution of ore-forming elements, the fluid thermodynamics and dynamics of evolution processes of this basin. The results show that Late Paleozoic ore-forming fluid systems of the Yuebei Basin include four basic types as follows. (1) The sea floor volcanic-exhalation system developed during the rapid basin slip-extension stage in the Mid-Late Devonian, which affected the Dabaoshan region. It thus formed the Dabaoshan-type Cu-Pb-Zn-Fe sea floor volcanic-exhalation sedimentary deposits. (2) The compaction fluid system developed during the stable spreading and thermal subsidence-compression stage of the basin in the Mid-Late Devonian. The range of its effects extended all over the whole basin. It resulted in filling-metasomatic deposits, such as the Hongyan-type pyrite deposits and pyrite sheet within the Fankou-type Cu-Pb-Zn-S deposits. (3) The hot water circulation system of sea floor developed during the stage of basin uplifting and micro-aulacogen from the late Late Carboniferous to Middle Carboniferous. The range of its effects covered the Fankou region. It thus formed MVT deposits, such as the main orebody of the Fankou-type Pb-Zn-S deposits. (4) The gravity fluid system developed during the stage of fold uplifting and the basin closed from Middle Triassic to Jurassic, forming groundwater hydrothermal deposits, e.g. the veinlet Pb-Zn-calcite orebodies of the Fankou-type Pb-Zn-S deposits. Migration and concentration of the ore-forming fluids were constrained by the state of temporo-spatial distribution of its fluid potential. Growth faults not only converged the fluids and drove them to move upwards, but also the fluids often crossed the faults to the edges of the basin at the bottom of these faults and the lithologic interfaces, and even migrated to the basin’s edges from top to bottom along the faults, which may be one of the basic reasons for the stratabound deposits to cluster mainly along the contemporaneous faults on the inner border of the basin. The superposed mineralization resulting from the multi-stage activity of contemporaneous faults and ore-forming fluid systems in the basin may be one of the key factors for forming superlarge ore deposits.