The high-porosity dolomite reservoirs of the Lower Ordovician Tongzi Formation (Fm.) were widely developed in the Sichuan Basin of southern China. The characteristics and developing mechanisms of the high-porosity dolomite reservoirs under the control of fourth-order sequence boundaries are discussed. In the Tongzi stage of the Early Ordovician, the Sichuan Basin was in a restricted platform facies in an evaporated shallow seawater environment. From the western to eastern regions of the basin, the Tongzi Fm. was serially developed in a tidal flat-lagoon-high-energy shoal depositional system. The evaporated seawater consequently led to dolomitization by way of the refluxing model. The Tongzi Fm. dolomites were subdivided into four coarsening-upward fourth-order sequences. Many tiny dissolution pores were formed in the dolomite beneath the four fourth-order sequence boundaries due to syn-sedimentation meteoric water erosion. Exposure above the seawater due to the short-term fall of the relative sea level consequently led to contemporaneous meteoric erosion. The Tongzi Fm. dolomites in the belt surrounding the Central Paleo-uplift were further subaerially dissolved by meteoric water due to tectonic uplift in the Guangxi Movement since the end of the Silurian period. Therefore, dolomitization, syn-sedimentation meteoric erosion under the fourth-order sequence boundaries, and meteoric karst during the Guangxi tectonic uplift jointly controlled the development of the Tongzi Formation high-porosity dolomite reservoirs. In the eastern and southeastern Sichuan Basin, the favourable reservoirs are the high-energy shoal dolomites that were eroded by meteoric water under fourth-order sequence boundaries. Around the Central Paleo-uplift, the favourable reservoirs are the dolomites dissolved by subaerial meteoric karst during the Guangxi Movement.