The invention provides a high strain hot rolled steel plate for an L485M offshore pipeline pipe and a manufacturing method thereof. The steel plate is prepared from the following components in percentage by weight: 0.02 to 0.08 percent of C, 0.10 to 0.40 percent of Si, 1.40 to 1.80 percent of Mn, 0.02 to 0.08 percent of Nb, 0.01 to 0.05 percent of V, 0.01 to 0.04 percent of Ti, 0.025 to 0.045 percent of Al, less than or equal to 0.010 percent of P, less than or equal to 0.005 percent of S, 0.10 to 0.50 percent of Cu, 0.02 to 0.30 percent of Mo, 0.06 to 0.45 percent of Cr, 0.10 to 0.50 percentof Ni, and the balance of Fe and unavoidable impurity elements. The manufacturing method comprises the steps of smelting molten steel, refining out of a furnace, casting, re-heating a plate blank, performing controlled rolling, performing controlled cooling, and performing air cooling to room temperature; the longitudinal mechanical properties of the steel plate produced by applying the manufacturing method are that the UEL (Uniform Elongation of Deformation) is greater than or equal to 10 percent, the yield strength Rt 0.5 is 400 to 550 MPa, the tensile strength Rm is 550 to 700 MPa, and theyield-to-strength ratio Rt0.5/Rm of the steel plate is 0.70 to 0.80.