In-cylinde flow and mixture formation are key contributors to both idle stability and combustion stability at part load condition in SI engine. The real time measurements of air-fuel ration and in- cylinder residual gas fraction are particularly important to obtain a better understanding of the mechanisms for combustion and emissions especially during cold start and throttle transient condition. This paper reports the cycle resolved measurements of residual gas fraction and equivalence ration near speak plug with value timing change and their effects on combustion characteristics at part load. The results showed that the effect of intake value opening on the residual gas fraction was smaller than that of exhaust valve closing because of the decreases of exhaust gas reverse flow from exhaust port. The variation of equivalence ratio near spark plug increased with the increase of value overlap and it closely related with heat release rate and combustion stability