The invention discloses a novel light-operated light emitting diode based on nano material. The novel light-operated light emitting diode comprises a transparent conductive substrate, a nano oxide layer, a hole transmission layer, a light emitting layer, an electron transmission layer and a metal electrode, wherein the conduction property of the nano oxide can be changed upon illumination. The light-operated light emitting diode can be prepared through a solution method, so as to have the advantages of low manufacture cost and convenience for large scale production; before illumination, the high ionization energy of the nano oxide prevent injection of holes, so that the brightness of the light emitting diode is low; after illumination, due to the photodoping effect of the nano oxide layer, the conduction property of the nano oxide layer is greatly increased, so that the holes go through the highly conductive nano oxide and are injected into illumination layer, the illumination brightness of the device is greatly increased, the light-operation of the light emitting diode is realized, and the ON/OFF ratio of the brightness and the currency density before and after the illumination are 200 and 10,000 respectively.