In this paper, analysis of the beam orbit stability and conceptual study of the dynamic orbit feedback inthe SSRF storage ring are presented. It is shown that beam orbit position movement at the photon source points issmaller than the orbit stability requirements in horizontal plane, but exceeds the orbit stability requirements in verticalplane. A dynamic global orbit feedback system, which consists of 38 high-bandwidth air-coil correctors and 40high-precise BPMs, is proposed to suppress the vertical beam orbit position movement. Numerical simulations showthat this dynamic orbit feedback system can stabilize the vertical beam orbit position movement in the frequencyrange up to 100 Hz.