The invention relates to a multi-channel video unicode rate control method, which comprises the following steps: collecting code statistics information, allocating multi-channel bit, allocating single-channel variable code rate bit, and calculating quantization parameter. The method not only can allocate bit to each channel according to the complexity of the video source image content, ensure that the final multiplexing bit stream of each channel, satisfy the requirement of the band width, reduce the difference of the video quality of each channel, and can ensure the stability of the mage quality inside the channel since each channel by adopting the variable code rate technology. In addition, the method is completely based on the feedback way, the analysis of the image complexity is basedon the statistics information produced during the coding process, so an additional image complexity analysis module is not required, and the cost can be reduced.