The invention discloses an austenitic stainless steel with excellent polishing performance. The austenitic stainless steel comprises the following chemical components in percentage by weight: 16 to 20 percent of Cr, 7 to 15 percent of Ni, less than or equal to 2 percent of Mn, 0.2 to 2 percent of Cu, less than or equal to 0.05 percent of Al, less than or equal to 0.5 percent of Si, 0.03 to 0.1 percent of C, less than or equal to 0.05 percent of N, 0.01 to 0.06 percent of P, 0.003 to 0.05 percent of S, 0.05 to 0.5 percent of V, and the balance of iron and inevitable impurities. A manufacturing method for an austenitic stainless steel cold-rolled plate comprises the following steps of: heating a continuous cast plate blank to the temperature of between 1,100 and 1,300 DEG C; performing rough rolling at the temperature of between 1,000 and 1,250 DEG C; performing final rolling at the temperature of between 950 and 1,100 DEG C; performing quick cooling; coiling at the temperature of less than 700 DEG C; performing hot rolling to form a hot-rolled plate of the required specification; annealing the hot-rolled plate at the temperature of between 950 and 1,200 DEG C; removing oxide skin by adopting a continuous acid washing process of phosphorus breakage, shot blasting, electrolysis and mixed acid washing; performing cold rolling, wherein the overall reduction rate is more than 50 percent; and performing continuous annealing at the temperature of between 950 and 1,200 DEG C, or performing full-hydrogen bright annealing at the temperature of between 950 and 1,200 DEG C. The austenitic stainless steel cold-rolled plate has completely improved grinding performance and surface polishing performance, and is particularly suitable for the industries of building decoration, plastic dies, food sanitation, electronics and the like with strict polishing performance requirements.