The present invention discloses a voltage mode switching regulator with improved light load efficiency and mode transition characteristic, and a control circuit and a control method therefor. The switching regulator can switch between a pulse width modulation (PWM) mode and a pulse skipping mode. The control method for the switching regulator comprises: comparing a feedback signal relating to an output voltage with a reference signal, to generate an error amplification signal; generating a duty signal according to the error amplification signal and a ramp signal, to control the switching regulator; setting a threshold level of the error amplification signal and a threshold level of the pulse skipping mode according to the error amplification signal in a stable status; and when the error amplification signal is close or equal to the threshold level of the pulse skipping mode, generating a pulse skip signal to enter the pulse skipping mode.