The invention discloses a photocatalytic hydrogen production system by utilizing a stabilizer. The system comprises a catalyst (polycarbonyl diiron dithiolate cluster compound), a photosensitizer (CdTe, CdSe, CdS quantum dots, and the like), a stabilizer (chitosan, beta-cyclodextrin, sodium polyacrylat, polyvinylpyrrolidone, sodium alginate, poly(N-isopropylacrylamide), polydimethyldiallylammonium chloride, benzalkonium chloride, octadecylmethyldihydroxyethyl ammonium bromide, etc.), an electronic sacrificial body (ascorbic acid), and a water-containing solvent. The photocatalytic hydrogen production system has the advantages of simple preparation, cheap and available components, high hydrogen yield efficiency, and good system stability, the hydrogen yield reaches 162 [mu]mol for a system with a total volume of 10 mL for one time, and the hydrogen conversion number is as high as 1615 calculated on the basis of catalyst. The hydrogen yield is only 7.5 [mu]mol in the same system in the absence of the stabilizer, and the hydrogen conversion number is only 57 calculated on the basis of catalyst.