A new type continuous variable transmission device, a hydro-mechanical continuously variable transmission (HMCVT) for agricultural tractors is developed, which is composed of a single planetary gear differential train, a hydraulic transmission system consisted of variable displacement pump and fixed displacement motor and a multi-gear fixed step radio transmission. Based on the analysis of types of hydrostatic mechanical transmission (HMT) and styles of hydraulic transmission, the general drive scheme for HMCVT is obtained. The method of selecting mechanical parameters and hydraulic units is explained, and the stepless speed regulation characteristic of HMCVT is analyzed. This paper also specializes the calculating method of transmission efficiency. It shows that tractors assembled with HMCVT can obtain a continuously variable speed and achieve high drive efficiency.