Martensitic stainless steel containing Cr of 12% to 18% (mass percent) are common utilized in quenching and tempering processes for knife and cutlery steel. The properties obtained in these materials are significantly influenced by matrix composition after heat treatment, especially as Cr and C content. Comprehensive considered the hardness and corrosion resistance, a new type martensitic stainless steel 6Cr15MoV has been developed. The effect of heat treatment processes on microstructure and mechanical properties of 6Cr15MoV martensitic stainless steel is emphatically researched. Thermo-Calc software has been carried out to thermodynamic calculation; OM, SEM and TEM have been carried out to microstructure observation; hardness and impact toughness test have been carried out to evaluate the mechanical properties. Results show that the equilibrium carbide in 6Cr15MoV steel is M23 C6 carbide, and the M23C6 carbides finely distributed in annealed microstructure. 6Cr15MoV martensitic stainless steel has a wider quenching temperature range, the hardness value of steel 6Cr15MoV can reach to HRC 60.8 to HRC 61. 6 when quenched at 1060 to 1100 °C. Finely distributed carbides will exist in quenched microstructure, and effectively inhabit the growth of austenite grain. With the increasing of quenching temperature, the volume fraction of undis-solved carbides will decrease. The excellent comprehensive mechanical properties can be obtained by quenched at 1060 to 1100 °C with tempered at 100 to 150 °C, and it is mainly due to the high carbon martensite and fine grain size. At these temperature ranges, the hardness will retain about HRC 59. 2 to HRC 61. 6 and the Charpy U-notch impact toughness will retain about 17. 3 to 20 J. A lot of M23C6 carbides precipitated from martensite matrix, at the same time along the boundaries of martensite lathes which leading to the decrease of impact toughness when tempered at 500 to 540 °C. The M3C precipitants also existed in the martensite matrix of test steel after tempered at 500 °C, and the mean size of M3C precipitates is bigger than that of M23C6 precipitates.