Sediment-hosted Cu deposits, including stratiform and epigenetic vein-type Cu deposits, are the second largest source of Cu worldwide. However, many facets of these vein-type Cu deposits, such as the nature and origin of ore fluids and geodynamic mechanisms that produced these fluids, remain controversial, limiting our interpretations of the ore genesis and hampering the selection of exploration strategies. Numerous sediment-hosted vein-type Cu deposits are present in the Lanping Basin, SW China, of which the Jinman deposit is the largest. Copper orebodies at Jinman consist of Cu-sulfide–quartz–carbonate veins and altered wall-rocks hosted mainly in faults and fracture zones in metamorphosed and deformed clastic rocks. The deposit was formed in three stages, pre-, syn- and post-ore, with the first two stages producing hydrothermal veins. The veins in pre-ore stage consist of quartz + ankerite ± sericite ± pyrite, whereas those in syn-ore stage consist of Cu-sulfides + quartz + carbonate ± sericite. During the syn-ore stage, tennantite, quartz, and ankerite crystallized early, then bornite was precipitated, followed by chalcopyrite and chalcocite and finally calcite. Only minor sericite was formed during the post-ore stage. Two major types of fluid inclusions—CO₂-rich and aqueous inclusions—are present in both pre- and syn-ore quartz, whereas only aqueous inclusions are present in syn-ore calcite. In pre- and syn-ore quartz and calcite, CO₂-rich inclusions have higher homogenization temperatures (275–323 °C) and pressures (307–3495 bar) and lower salinities (0.22–2.7 wt% NaCl eqv.) than aqueous inclusions (164–299 °C, 6.5–80.4 bar and 3.7–20.9 wt% NaCl eqv.). However, the small variations in Cs/Na and Cs/(Na + K) ratios [log Cs/Na = –3.3 ∼ –1.9, log Cs/(Na + K) = –3.3 ∼ –2.1] of the fluid inclusions suggest a same source for the ore fluids. We propose that during both stages, CO₂-rich inclusions resulted from unmixing of initial deep-seated, single-phase CO₂-rich fluids, whereas aqueous inclusions likely represent the fluids that evolved from these unmixed fluids by extensive CO₂ degassing. This interpretation, combined with microthermometric results of CO₂-rich inclusions, suggests a mesothermal, low-salinity H₂O–NaCl–CO₂ ore fluid system. The fluid inclusions from Jinman have similar compositions to those of metamorphic fluids, suggesting a metamorphic origin for the ore-forming fluids. The evolution of fluid compositions suggests that fluid degassing likely acted as a major mechanism for Cu precipitation. We propose that the ore fluids were generated through metamorphic devolatilization of basement of the Lanping Basin in the Biluoxueshan–Chongshan metamorphic zone under a compressional or transpressional regime caused by Cenozoic India–Asia collision. The Jinman deposit has many similarities to orogenic gold deposits worldwide and thus can be thought of as an orogenic deposit. Based on a compilation of the geological characteristics of global sediment-hosted epigenetic vein-type Cu deposits, we suggest that other sediment-hosted epigenetic vein-type Cu deposits with similar genesis to the Jinman deposit are likely present in other regions worldwide. This highlights the exploration potential of this type of deposit in these regions and the need for further research.