Moso bamboo vinegar was treated with extractive and separation methods. The acidic, neutral, and phenolic fractions separated from ether-extracted vinegar were analyzed by gas chromatography and gas chromatography-mass spectrometry to identify the major components in moso bamboo vinegar. The compositions of eight moso vinegar fractions collected over different temperature ranges from 100°C to 480°C were also analyzed and their effects on regulation of germination and growth were studied by bioassay with seeds of watercress and chrysanthemum. The results showed that moso bamboo vinegar fractions with collection temperatures up to 250°C promoted radicle and hypocotyl growth and this effect became larger with increasing collection temperature for chrysanthemum. Moso bamboo vinegar collected from 250°C to 400°C had a strong inhibition on germination and radicle growth for both seed types when tested at 103 dilution.