The invention provides a heat exchanger. The heat exchanger comprises a pipe pass side and a shell pass side; the pipe pass side includes an inlet pipe, an inlet cavity, a heat transfer pipe bundle, an outlet cavity and an outlet pipe; a hot fluid enters the inlet cavity from the inlet pipe to pass through the heat transfer pipe bundle, the outlet cavity and the outlet pipe in sequence; the shell pass side includes an inlet channel, an inner shell, an outer shell and an outlet cavity; a cold fluid passes through space limited by the inlet channel, the inner shell and the outer shell and the outlet cavity in sequence; the inlet cavity, the heat transfer pipe bundle and the outlet cavity are arranged in space limited by the inner shell and the outer shell; a metal rod outwards extends from the outer wall of the heat transfer pipe bundle; the end part of the metal rod is a sharp structure; and the direction from the outer wall of the heat transfer pipe bundle to the end part of the metal rod is opposite to the flowing direction of the cold fluid. The rod with the sharp end part is arranged at the external of the heat exchange pipe; in flowing of a gas-liquid two-phase flow, on the one hand, the laminar flow bottom layer can be broken, and the heat transfer area is increased for forced heat transfer; because of the rod, the flowing resistance is low, and the shell pass flowing resistance cannot be increased; and as the sharp end part is provided, bubbles can be punctured to realize increment of a gas-liquid interface and a gas-phase boundary layer and reinforcement of the disturbance.