diff --git a/frontend/src/api/paper.ts b/frontend/src/api/paper.ts
new file mode 100644
index 0000000..03ac63c
--- /dev/null
+++ b/frontend/src/api/paper.ts
@@ -0,0 +1,80 @@
+import { apiClient } from './client'
+
+export interface StrategyCfg {
+  name: string
+  params: Record<string, unknown>
+  match_session: string
+  symbol: string
+  listing_days?: number
+}
+
+export interface PaperCreate {
+  mode: string
+  interval: string
+  symbols: string[]
+  strategies: StrategyCfg[]
+  initial_capital: number
+  start: string
+  end: string
+}
+
+export interface PaperAccount {
+  id: number
+  name: string
+  mode: string
+  interval: string
+  status: string
+}
+
+export interface BalancePoint {
+  date: string
+  cash: number
+  market_value: number
+  total_equity: number
+  is_checkpoint: number
+}
+
+export interface PaperTrade {
+  strategy_id: string
+  symbol: string
+  direction: string
+  price: number
+  volume: number
+  commission: number
+  rejected: number
+  reject_reason: string
+  bar_date: string
+}
+
+export interface StrategySummary {
+  strategy_id: string
+  total_orders: number
+  filled: number
+  rejected: number
+  commission: number
+}
+
+export async function createPaper(req: PaperCreate): Promise<number> {
+  const { data } = await apiClient.post<{ account_id: number }>('/paper/create', req)
+  return data.account_id
+}
+
+export async function getPaper(aid: number): Promise<PaperAccount> {
+  const { data } = await apiClient.get<PaperAccount>(`/paper/${aid}`)
+  return data
+}
+
+export async function getEquity(aid: number): Promise<BalancePoint[]> {
+  const { data } = await apiClient.get<BalancePoint[]>(`/paper/${aid}/equity`)
+  return data
+}
+
+export async function getTrades(aid: number): Promise<PaperTrade[]> {
+  const { data } = await apiClient.get<PaperTrade[]>(`/paper/${aid}/trades`)
+  return data
+}
+
+export async function getStrategies(aid: number): Promise<StrategySummary[]> {
+  const { data } = await apiClient.get<StrategySummary[]>(`/paper/${aid}/strategies`)
+  return data
+}
diff --git a/frontend/src/router/index.ts b/frontend/src/router/index.ts
index 4ea7229..0c29e99 100644
--- a/frontend/src/router/index.ts
+++ b/frontend/src/router/index.ts
@@ -16,6 +16,8 @@ const routes: RouteRecordRaw[] = [
       { path: 'factor/new', name: 'fc-new', component: () => import('@/views/factor/New.vue') },
       { path: 'factor/progress/:id', name: 'fc-progress', component: () => import('@/views/backtest/Progress.vue') },
       { path: 'factor/result/:id', name: 'fc-result', component: () => import('@/views/factor/Result.vue') },
+      { path: 'paper/new', name: 'paper-new', component: () => import('@/views/paper/New.vue') },
+      { path: 'paper/result/:id', name: 'paper-result', component: () => import('@/views/paper/Result.vue') },
     ],
   },
 ]
diff --git a/frontend/src/views/Layout.vue b/frontend/src/views/Layout.vue
index 769737d..60550e7 100644
--- a/frontend/src/views/Layout.vue
+++ b/frontend/src/views/Layout.vue
@@ -29,8 +29,8 @@ function onLogout(): void {
         <el-menu-item index="/factor/new">
           <span>🔬 投研</span>
         </el-menu-item>
-        <el-menu-item index="sim" disabled>
-          <span>🧪 模拟 <em class="muted">（C 期）</em></span>
+        <el-menu-item index="/paper/new">
+          <span>🧪 模拟</span>
         </el-menu-item>
         <el-menu-item index="live" disabled>
           <span>💰 实盘 <em class="muted">（D 期 · 国金 QMT）</em></span>
diff --git a/frontend/src/views/paper/New.vue b/frontend/src/views/paper/New.vue
new file mode 100644
index 0000000..5776abb
--- /dev/null
+++ b/frontend/src/views/paper/New.vue
@@ -0,0 +1,76 @@
+<script setup lang="ts">
+import { ref } from 'vue'
+import { useRouter } from 'vue-router'
+import { ElMessage } from 'element-plus'
+import { createPaper, type PaperCreate } from '@/api/paper'
+
+const router = useRouter()
+const loading = ref(false)
+const form = ref<PaperCreate>({
+  mode: 'replay',
+  interval: 'd',
+  symbols: ['600000'],
+  strategies: [{ name: 'DoubleMa', params: {}, match_session: 'next_open', symbol: '600000' }],
+  initial_capital: 1_000_000,
+  start: '2024-01-01',
+  end: '2024-06-30',
+})
+
+async function onSubmit(): Promise<void> {
+  loading.value = true
+  try {
+    const aid = await createPaper(form.value)
+    ElMessage.success(`已创建模拟盘 #${aid}`)
+    router.push(`/paper/result/${aid}`)
+  } catch (e: unknown) {
+    ElMessage.error(e instanceof Error ? e.message : '创建失败')
+  } finally {
+    loading.value = false
+  }
+}
+
+function onSymbols(v: string): void {
+  form.value.symbols = v.split(',').map((s) => s.trim()).filter(Boolean)
+}
+</script>
+
+<template>
+  <el-card header="新建模拟盘">
+    <el-form :model="form" label-width="120px">
+      <el-form-item label="模式">
+        <el-select v-model="form.mode">
+          <el-option label="回放（历史重放）" value="replay" />
+          <el-option label="实走（每日定时）" value="live" />
+        </el-select>
+      </el-form-item>
+      <el-form-item label="频率">
+        <el-select v-model="form.interval">
+          <el-option label="日频" value="d" />
+          <el-option label="15 分钟" value="15m" />
+        </el-select>
+      </el-form-item>
+      <el-form-item label="标的（逗号分隔）">
+        <el-input :model-value="form.symbols.join(',')" placeholder="600000,000001" @update:model-value="onSymbols" />
+      </el-form-item>
+      <el-form-item label="策略名">
+        <el-input v-model="form.strategies[0].name" />
+      </el-form-item>
+      <el-form-item label="撮合时点">
+        <el-select v-model="form.strategies[0].match_session">
+          <el-option label="次日开盘（next_open，收盘型）" value="next_open" />
+          <el-option label="当日收盘（current_close，尾盘型）" value="current_close" />
+        </el-select>
+      </el-form-item>
+      <el-form-item label="起始资金">
+        <el-input-number v-model="form.initial_capital" :min="10000" :step="100000" />
+      </el-form-item>
+      <el-form-item label="区间">
+        <el-col :span="8"><el-input v-model="form.start" placeholder="YYYY-MM-DD" /></el-col>
+        <el-col :span="8"><el-input v-model="form.end" placeholder="YYYY-MM-DD" /></el-col>
+      </el-form-item>
+      <el-form-item>
+        <el-button type="primary" :loading="loading" @click="onSubmit">创建模拟盘</el-button>
+      </el-form-item>
+    </el-form>
+  </el-card>
+</template>
diff --git a/frontend/src/views/paper/Result.vue b/frontend/src/views/paper/Result.vue
new file mode 100644
index 0000000..c97c22e
--- /dev/null
+++ b/frontend/src/views/paper/Result.vue
@@ -0,0 +1,62 @@
+<script setup lang="ts">
+import { ref, onMounted } from 'vue'
+import { useRoute } from 'vue-router'
+import {
+  getEquity, getTrades, getStrategies,
+  type BalancePoint, type PaperTrade, type StrategySummary,
+} from '@/api/paper'
+
+const route = useRoute()
+const aid = Number(route.params.id)
+const equity = ref<BalancePoint[]>([])
+const trades = ref<PaperTrade[]>([])
+const strategies = ref<StrategySummary[]>([])
+
+onMounted(async () => {
+  equity.value = await getEquity(aid)
+  trades.value = await getTrades(aid)
+  strategies.value = await getStrategies(aid)
+})
+
+function rowClass({ row }: { row: PaperTrade }): string {
+  return row.rejected ? 'rejected-row' : ''
+}
+</script>
+
+<template>
+  <div>
+    <el-card header="账户净值" style="margin-bottom: 16px">
+      <el-table :data="equity" size="small" max-height="240">
+        <el-table-column prop="date" label="日期" />
+        <el-table-column prop="total_equity" label="总净值" />
+        <el-table-column prop="cash" label="现金" />
+        <el-table-column prop="market_value" label="市值" />
+      </el-table>
+    </el-card>
+    <el-card header="分策略归因" style="margin-bottom: 16px">
+      <el-table :data="strategies" size="small">
+        <el-table-column prop="strategy_id" label="策略" />
+        <el-table-column prop="filled" label="成交" />
+        <el-table-column prop="rejected" label="拒单" />
+        <el-table-column prop="commission" label="费用" />
+      </el-table>
+    </el-card>
+    <el-card header="成交明细（拒单高亮）">
+      <el-table :data="trades" size="small" :row-class-name="rowClass">
+        <el-table-column prop="bar_date" label="日期" />
+        <el-table-column prop="strategy_id" label="策略" />
+        <el-table-column prop="symbol" label="标的" />
+        <el-table-column prop="direction" label="方向" />
+        <el-table-column prop="price" label="价格" />
+        <el-table-column prop="volume" label="数量" />
+        <el-table-column prop="reject_reason" label="拒因" />
+      </el-table>
+    </el-card>
+  </div>
+</template>
+
+<style scoped>
+:deep(.rejected-row) {
+  color: #f56c6c;
+}
+</style>