diff --git a/src/markd/core.js b/src/markd/core.js
index 11abde5..1b749f7 100644
--- a/src/markd/core.js
+++ b/src/markd/core.js
@@ -271,8 +271,7 @@ class Tool {
     let isParagraph = false
 
     let isList = false
-    let orderListLevel = -1
-    let unorderListLevel = -1
+    let listTagQueue = []
 
     let isQuoteList = false // 引用中的列表, 只支持一层级
     let quoteListStyle = 0 // 1有序,  2 无序
@@ -282,10 +281,19 @@ class Tool {
     for (let it of this.list) {
       // 非空行
       if (it) {
+        let lastLineIsEmpty = emptyLineLength > 0
         emptyLineLength = 0
 
         if (~it.indexOf('<table>') || ~it.indexOf('</table>')) {
-          html += it
+          if (isList) {
+            if (isTable) {
+              html += it + `${'  '.repeat(listTagQueue.length)}</li>\n`
+            } else {
+              html = html.replace(/<\/li>\n*?$/, '') + it
+            }
+          } else {
+            html += it
+          }
           isTable = !isTable
           tableAlign = true
           isHtmlBlock = false
@@ -328,7 +336,15 @@ class Tool {
             isParagraph = false
             html += '</p>\n'
           }
-          html += it
+          if (isList) {
+            if (isCodeBlock) {
+              html += it + `${'  '.repeat(listTagQueue.length)}</li>\n`
+            } else {
+              html = html.replace(/<\/li>\n*?$/, '') + it
+            }
+          } else {
+            html += it
+          }
           isCodeBlock = !isCodeBlock
           isHtmlBlock = false
           continue
@@ -345,6 +361,7 @@ class Tool {
         let hrName = Helper.isHr(it)
         if (typeof hrName === 'string') {
           html += Decoder.hr(hrName)
+          emptyLineLength = 0
           continue
         }
 
@@ -368,13 +385,13 @@ class Tool {
           }
           // 有列表也先结束
           if (isList) {
-            while (orderListLevel > -1 || unorderListLevel > -1) {
-              if (orderListLevel > unorderListLevel) {
-                html += '</ol>\n'
-                orderListLevel--
-              } else {
-                html += '</ul>\n'
-                unorderListLevel--
+            while (listTagQueue.length) {
+              let tag = listTagQueue.pop()
+              html += `${'  '.repeat(
+                listTagQueue.length ? listTagQueue.length + 1 : 0
+              )}</${tag}>\n`
+              if (listTagQueue.length) {
+                html += `${'  '.repeat(listTagQueue.length)}</li>\n`
               }
             }
             isList = false
@@ -469,45 +486,47 @@ class Tool {
           let tmp = Helper.ltrim(it)
           let ltrim = it.length - tmp.length
           let word = tmp.replace(LIST_RE, '').trim()
-          let level = Math.floor(ltrim / 2) //缩进级别
+          let _level = listTagQueue.length - 1 // 上一个缩进级别
+          let level = Math.floor(ltrim / 2) // 当前缩进级别
           let tag = listChecked === 1 ? 'ol' : 'ul'
 
           if (isParagraph) {
             isParagraph = false
-            html += '</p>\n'
+            if (!isList) {
+              html = trimBr(html)
+              html += '</p>\n'
+            }
           }
 
           if (isList) {
-            let _level = listChecked === 1 ? orderListLevel : unorderListLevel
-
             // 大于上一个缩进
             if (level > _level) {
+              listTagQueue.push(tag)
               // 需要先把上一个列表的结束符去掉
               html = html.trim().replace(/<\/li>$/, '')
-              html += `\n<${tag}>\n<li>${word}</li>\n`
+              html += `\n${'  '.repeat(level + 1)}<${tag}>\n${'  '.repeat(
+                level + 1
+              )}<li>${word}</li>\n`
             }
             // 跟上一个平级
             else if (level === _level) {
-              html += `<li>${word}</li>\n`
+              html += `${'  '.repeat(level + 1)}<li>${word}</li>\n`
             }
             // 比上一个缩进要小
             else {
-              html += `</${tag}>\n</li>\n<li>${word}</li>\n`
-            }
+              for (let i = _level - level; i > 0; i--) {
+                let _tag = listTagQueue.pop()
 
-            if (listChecked === 1) {
-              orderListLevel = level
-            } else {
-              unorderListLevel = level
+                html += `${'  '.repeat(level + i + 1)}</${_tag}>\n${'  '.repeat(
+                  level + i
+                )}</li>\n`
+              }
+
+              html += `${'  '.repeat(level + 1)}<li>${word}</li>\n`
             }
           } else {
-            html += `<${tag}>\n`
-            if (listChecked === 1) {
-              orderListLevel = level
-            } else {
-              unorderListLevel = level
-            }
-            html += `<li>${word}</li>\n`
+            listTagQueue.push(tag)
+            html += `<${tag}>\n  <li>${word}</li>\n`
           }
 
           isList = true
@@ -521,6 +540,20 @@ class Tool {
           continue
         }
 
+        // 列表之后, 有段落时, 先结束列表
+        if (isList && lastLineIsEmpty) {
+          while (listTagQueue.length) {
+            let tag = listTagQueue.pop()
+            html += `${'  '.repeat(
+              listTagQueue.length ? listTagQueue.length + 1 : 0
+            )}</${tag}>\n`
+            if (listTagQueue.length) {
+              html += `${'  '.repeat(listTagQueue.length)}</li>\n`
+            }
+          }
+          isList = false
+        }
+
         if (isHtmlBlock || isSingleLineHtml) {
           if (isParagraph) {
             isParagraph = false
@@ -537,12 +570,20 @@ class Tool {
           isHtmlBlock = !isHtmlBlock
           html += `${it}\n`
         } else {
-          if (isParagraph) {
-            html += `${it}\n`
+          if (isList) {
+            if (isParagraph) {
+              html += it + `</p>\n${'  '.repeat(listTagQueue.length)}</li>\n`
+            } else {
+              html = html.replace(/<\/li>\n*?$/, '') + `\n<p>${it}`
+            }
           } else {
-            html += `\n<p>${it}`
-            isParagraph = true
+            if (isParagraph) {
+              html += `${it}\n`
+            } else {
+              html += `\n<p>${it}`
+            }
           }
+          isParagraph = true
         }
       } else {
         // 如果是在代码中, 直接拼接, 并加上换行
@@ -566,13 +607,13 @@ class Tool {
 
           if (isList) {
             if (emptyLineLength > 1) {
-              while (orderListLevel > -1 || unorderListLevel > -1) {
-                if (orderListLevel > unorderListLevel) {
-                  html += '</ol>\n'
-                  orderListLevel--
-                } else {
-                  html += '</ul>\n'
-                  unorderListLevel--
+              while (listTagQueue.length) {
+                let tag = listTagQueue.pop()
+                html += `${'  '.repeat(
+                  listTagQueue.length ? listTagQueue.length + 1 : 0
+                )}</${tag}>\n`
+                if (listTagQueue.length) {
+                  html += `${'  '.repeat(listTagQueue.length)}</li>\n`
                 }
               }
               isList = false
@@ -596,9 +637,11 @@ class Tool {
       }
     }
 
+    console.log('>>>>')
     if (isParagraph) {
       html += '</p>'
     }
+    console.log(html)
     delete this.list
     delete this.__LINKS__
     return html.trim()
@@ -606,5 +649,5 @@ class Tool {
 }
 
 export default function (str) {
-  return Tool.init(str).parse() //.replace(/\\</g, '<').replace(/\\>/g, '>')
+  return Tool.init(str).parse()
 }