A network hotspot control method and a mobile terminal to diversify shared-hotspot control manners, where the method includes receiving, by a first mobile terminal, a hotspot setting operation, setting a control policy of a network hotspot, where the control policy includes at least a file type control policy receiving, by the first mobile terminal, a network service request from a second mobile terminal that has established a coupling to the first mobile terminal, and controlling, by the first mobile terminal, the network service request according to the control policy.