The invention relates to the field of 
cosmetics, in particular to a multi-effect hydroxyl 
pinacolone retinoate nano composition which comprises hydroxyl 
pinacolone retinoate, 
nicotinamide, glycyrrhizic acid, an emulsifying agent, a co-emulsifying agent and polyhydric 
alcohol. The hydroxyl 
pinacolone retinoate accounts for 0.1-10% of of the total 
mass of the nano composition; the 
nicotinamide accounts for 0.1-10% of the total 
mass of the nano composition; and the glycyrrhizic acid accounts for 0.1-10% of the total 
mass of the nano composition. According to the nano composition disclosed by the invention, the hydroxyl pinacolone retinoate, the 
nicotinamide and the glycyrrhizic acid are wrapped in the nano composition, so that the stability of functional components is effectively improved. The three functional components of the nano composition are reasonably matched and synergistically interacted, penetrate through a 
skin barrier and enter deep 
skin tissues, the 
bioavailability is improved, the anti-aging, 
acne-removing and whitening effects are improved, and the nano composition is mild and non-irritant to 
skin and can be widely applied to 
cosmetics.