The invention discloses a high-precision fiber frequency transmission system, and the system comprises a PID circuit board, a phase discriminator, a photoelectric detector, a Faraday rotary reflector, a microwave photon phase shifter, a 2*2 optical coupler, a circulator, a slave laser, a frequency reference signal source, a main laser emitter, an isolator, an optical fiber link, and a time frequency receiving and transmitting module. On the basis of a single-fiber bidirectional return error signal obtaining mode, the system carries out the optical fiber link noise compensation based on injection locked coherent detection and the microwave photon phase shifter, thereby achieving the high-precision fiber frequency transmission. The system can achieve the high-precision recovery of a frequency reference signal of a local end at a far end. The system can achieve the two features, needed by phase change, on the same microwave photon phase shifter at the same time: large-bandwidth response and large dynamic range, facilitates the reduction of the complexity, and improves the stability and adaptability. The system can be used in the fields of comparison of the optical clock/atomic clock and the frequency transmission.