Disclosed is an exhaust gas analyzing system which includes a main flow passage provided with a PM collection filter, a diluted exhaust gas sampling flow passage connected upstream of the PM collection filter of the main flow passage for sampling a part of diluted exhaust gas, a diluted exhaust gas flow rate adjusting mechanism connected downstream of the PM collection filter of the main flow passage, and control equipment altering a setting flow rate of the diluted exhaust gas flow rate adjusting mechanism depending on a flow rate of sampling diluted exhaust gas flowing through the diluted exhaust gas sampling flow passage.