diff --git a/README.md b/README.md
index d08ecd59..5d2095a4 100644
--- a/README.md
+++ b/README.md
@@ -58,14 +58,13 @@ Major features:
 
 ## What's New
 
-v0.2.0 was released in 2022-10-11.
+v0.3.0 was released in 2022-11-02.
 
-1. Refactor FileIO to provide a more unified interface without BC breaking.
-2. Add the base model for test time augmentation.
-3. Support converting `BN` to `SyncBN` during distributed data-parallel training.
-4. Add SMDDP backend and support running on AWS.
+1. Support NPU backend.
+2. Support torch `ZeroRedundancyOptimizer`.
+3. Fix error calculation of `eta_min` in `CosineRestartParamScheduler`.
 
-Read [Changelog](./docs/en/notes/changelog.md#v0.2.0 "11/10/2022") for more details.
+Read [Changelog](./docs/en/notes/changelog.md#v0.3.0 "02/11/2022") for more details.
 
 ## Installation
 
diff --git a/README_zh-CN.md b/README_zh-CN.md
index 4b17a487..a05db4b2 100644
--- a/README_zh-CN.md
+++ b/README_zh-CN.md
@@ -60,14 +60,13 @@ MMEngine 是一个基于 PyTorch 用于深度学习模型训练的基础库，
 
 ## 最近进展
 
-最新版本 v0.2.0 在 2022.10.11 发布。
+最新版本 v0.3.0 在 2022.11.02 发布。
 
-1. 重构 FileIO 以提供更加易用的接口并保持向下兼容。
-2. 新增 Test time augmentation 模型基类。
-3. 分布式训练时，支持将 BN 自动转化为 SyncBN。
-4. 新增了 SMDDP 后端并支持在 AWS 进行分布式训练。
+1. 支持华为昇腾芯片。
+2. 支持使用 `ZeroRedundancyOptimizer`。
+3. 修复了 `CosineRestartParamScheduler` 中 `eta_min` 计算错误的问题。
 
-如果想了解更多版本更新细节和历史信息，请阅读[更新日志](./docs/en/notes/changelog.md#v0.2.0 "11/10/2022")
+如果想了解更多版本更新细节和历史信息，请阅读[更新日志](./docs/en/notes/changelog.md#v0.3.0 "02/11/2022")
 
 ## 安装
 
diff --git a/docs/en/notes/changelog.md b/docs/en/notes/changelog.md
index 20e476a3..885b79ca 100644
--- a/docs/en/notes/changelog.md
+++ b/docs/en/notes/changelog.md
@@ -1,5 +1,61 @@
 # Changelog of v0.x
 
+## v0.3.0 (11/02/2022)
+
+### New Features & Enhancements
+
+- Support running on Ascend chip by @wangjiangben-hw in https://github.com/open-mmlab/mmengine/pull/572
+- Support torch `ZeroRedundancyOptimizer` by @nijkah in https://github.com/open-mmlab/mmengine/pull/551
+- Add non-blocking feature to `BaseDataPreprocessor` by @shenmishajing in https://github.com/open-mmlab/mmengine/pull/618
+- Add documents for `clip_grad`, and support clip grad by value. by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/513
+- Add ROCm info when collecting env by @zhouzaida in https://github.com/open-mmlab/mmengine/pull/633
+- Add a function to mark the deprecated function. by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/609
+- Call `register_all_modules`  in `Registry.get()` by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/541
+- Deprecate `_save_to_state_dict` implemented in mmengine by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/610
+- Add `ignore_keys` in ConcatDataset by @BIGWangYuDong in https://github.com/open-mmlab/mmengine/pull/556
+
+### Docs
+
+- Fix cannot show `changelog.md` in chinese documents. by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/606
+- Fix Chinese docs whitespaces by @C1rN09 in https://github.com/open-mmlab/mmengine/pull/521
+- Translate installation and 15_min by @xin-li-67 in https://github.com/open-mmlab/mmengine/pull/629
+- Refine chinese doc by @Tau-J in https://github.com/open-mmlab/mmengine/pull/516
+- Add MMYOLO link in README by @Xiangxu-0103 in https://github.com/open-mmlab/mmengine/pull/634
+- Add MMEngine logo in docs by @zhouzaida in https://github.com/open-mmlab/mmengine/pull/641
+- Fix docstring of `BaseDataset` by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/656
+- Fix docstring and documentation used for `hub.get_model` by @zengyh1900 in https://github.com/open-mmlab/mmengine/pull/659
+- Fix typo in `docs/zh_cn/advanced_tutorials/visualization.md` by @MambaWong in https://github.com/open-mmlab/mmengine/pull/616
+- Fix typo docstring of `DefaultOptimWrapperConstructor` by @triple-Mu in https://github.com/open-mmlab/mmengine/pull/644
+- Fix typo in advanced tutorial by @cxiang26 in https://github.com/open-mmlab/mmengine/pull/650
+- Fix typo in `Config` docstring by @sanbuphy in https://github.com/open-mmlab/mmengine/pull/654
+- Fix typo in `docs/zh_cn/tutorials/config.md` by @Xiangxu-0103 in https://github.com/open-mmlab/mmengine/pull/596
+- Fix typo in `docs/zh_cn/tutorials/model.md` by @C1rN09 in https://github.com/open-mmlab/mmengine/pull/598
+
+### Bug Fixes
+
+- Fix error calculation of `eta_min` in `CosineRestartParamScheduler` by @Z-Fran in https://github.com/open-mmlab/mmengine/pull/639
+- Fix `BaseDataPreprocessor.cast_data` could not handle string data by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/602
+- Make `autocast` compatible with mps by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/587
+- Fix error format of log message by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/508
+- Fix error implementation of `is_model_wrapper` by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/640
+- Fix `VisBackend.add_config` is not called by @shenmishajing in https://github.com/open-mmlab/mmengine/pull/613
+- Change `strict_load` of EMAHook to False by default by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/642
+- Fix `open` encoding problem of Config in Windows by @sanbuphy in https://github.com/open-mmlab/mmengine/pull/648
+- Fix the total number of iterations in log is a float number. by @jbwang1997 in https://github.com/open-mmlab/mmengine/pull/604
+- Fix `pip upgrade` CI by @HAOCHENYE in https://github.com/open-mmlab/mmengine/pull/622
+
+### New Contributors
+
+- @shenmishajing made their first contribution in https://github.com/open-mmlab/mmengine/pull/618
+- @Xiangxu-0103 made their first contribution in https://github.com/open-mmlab/mmengine/pull/596
+- @Tau-J made their first contribution in https://github.com/open-mmlab/mmengine/pull/516
+- @wangjiangben-hw made their first contribution in https://github.com/open-mmlab/mmengine/pull/572
+- @triple-Mu made their first contribution in https://github.com/open-mmlab/mmengine/pull/644
+- @sanbuphy made their first contribution in https://github.com/open-mmlab/mmengine/pull/648
+- @Z-Fran made their first contribution in https://github.com/open-mmlab/mmengine/pull/639
+- @BIGWangYuDong made their first contribution in https://github.com/open-mmlab/mmengine/pull/556
+- @zengyh1900 made their first contribution in https://github.com/open-mmlab/mmengine/pull/659
+
 ## v0.2.0 (11/10/2022)
 
 ### New Features & Enhancements
diff --git a/mmengine/version.py b/mmengine/version.py
index f80813ba..a7419a18 100644
--- a/mmengine/version.py
+++ b/mmengine/version.py
@@ -1,6 +1,6 @@
 # Copyright (c) OpenMMLab. All rights reserved.
 
-__version__ = '0.2.0'
+__version__ = '0.3.0'
 
 
 def parse_version_info(version_str):