As a prerequisite and foundation for studying the evolution mechanism of river channels, an in-depth understanding of the cross-sectional morphology adjustment is required. As a starting point, it is crucial to systematically summarize and generalize the research findings on channel morphological adjustment obtained to date, particularly in the context of the significant changes in the water and sediment conditions of large rivers that have occurred worldwide. This paper provides a comprehensive review of the research findings on the three following aspects of the Lower Yellow River: the transverse distribution of overbank flow velocity, the transverse distribution of suspended sediment concentration, and the morphological adjustment of the river cross-section. There are various equations available to predict the lateral depth–average flow velocity distribution. These equations are classified into the two following categories: empirical and theoretical formulas. Theoretical formulas are obtained through consideration of the cross-sectional morphology, accounting for inertial force terms caused by secondary flow, and momentum transfer between the main channel and its floodplain. Similarly, empirical equations and theoretical formulas for sediment concentration transverse distribution are also summarized, given the different influencing factors and assumptions. We also discuss the morphological adjustment of river cross-sections based on the analysis of measured data, mathematical model calculation, and the physical model test. In particular, we propose the idea of revealing channel cross-section morphology evolution mechanisms from the theoretical level of water and sediment movement and distribution. This review aims to enhance understanding of overbank flow, sediment transport, and channel morphology in the Lower Yellow River and may also serve to some extent as a reference for the evolution and management of channels in other rivers.