Cold atom clocks have made remarkable progresses in the last two decades and played critical roles in precision measurements. Primary Cs fountain frequency standards have achieved a total uncertainty of a few parts in 1016, and the best optical clock has reached a type B uncertainty below 10−18. Besides applications in the metrology, navigation, etc., ultra-stable and ultra-accurate atomic clocks have also become powerful tools in the basic scientific investigations. In this paper, we focus on the recent developments in the high-performance cold atomic clocks which can be used as frequency standards to calibrate atomic time scales. The basic principles, performances, and limitations of fountain clocks and optical clocks based on signal trapped ion or neutral atoms are summarized. Their applications in metrology and other areas are briefly introduced.