Corrosion behaviors, microstructures of oxide films, and hydrogen absorptions of a Chinese domestic Zr alloy in 6.7 × 10−3 mol/L ammonia solution and 2.9 × 10−4 mol/L LiOH+9.3 × 10−2 mol/L H3BO3 solution at 360 °C, 18.6 MPa were studied. Weight gains, oxide film thicknesses, and hydrogen absorptions showed that the corrosion rate in the ammonia solution is a little higher than that in the boron–lithium solution. There is no significant difference in the microstructure and crystalline structure between the oxide films formed in the two types of solutions. The element distributions along the depth direction of the oxide films showed the existence of nitrogen in the oxide film formed in ammonia solution. Moreover, nitrogen was found to be segregated in local areas in a range of about 2 μm from the oxide/metal interface. The corrosion behavior of the Chinese domestic Zr alloy in 360 °C aqueous solution shows no difference with other Zr alloys.