The improvement of the reactivity of H2O2 and Zhundong subbituminous coal (ZS) was focused on in this work. The mild oxidation of ZS was carried out under different conditions. The liquid oxidation products were analyzed using gas chromatography /mass spectrometry (GC/MS). The results suggest that Fe2+ and glacial acetic acid (GAA) have a synergistic effect on the H2O2 oxidation of ZS, which can significantly promote the conversion of ZS and the production of liquid products. In total, 40 compounds are identified, which could be categorized as 8 group components. Most of them are valued-added chemicals. Among the detected compounds, carboxylic acids (CAs) is the most abundant, accounting for 47.22% of all the group components in TRC. Moreover, according to the compounds detected by GC/MS, condensed aromatic rings are significantly abundant than aliphatic moieties in organic matter of ZS. -CH2CH2- are predominant bridged linkages connecting aromatic rings in ZS. The existing forms of organic nitrogen and sulfur species contain quinolins, pyrroles, pyrimidins, quinoxalines, enamides, oxazoles, isoquinolines, thiazols, sulfonamides in ZS.