A control valve includes a valve body and a valve element disposed in the valve body. The valve body is provided with a large pump inlet-outlet opening, a small pump inlet-outlet opening, a colorant bucket inlet-outlet opening and a colorant dispensing outlet. The valve core, which is provided with a passage, is rotated to allow connection of the large pump inlet-outlet opening and the small pump inlet-outlet opening with a colorant bucket or dispensing thereof, with at least three connecting structures being involved. The control valve is compact in structure and ingenious in design, and may fully achieve the objective of dispensing of large amount colorant or a small amount colorant by rotating the valve core; moreover, the objectives of cleaning the pump and preventing colorant drying and hardening in a colorant circulating pipe and a colorant outlet may be achieved.