The invention discloses a method for catalytic synthesis of starch phosphate by utilizing yeast display lipase, and the method comprises the steps: dissolving grain starch in water, adding NaH2PO4 and the yeast display lipase after imbibition, reacting at 55-65 DEG C for 1-1.5 hours, and separating and purifying, thus obtaining the starch phosphate. The preparation method of the yeast display lipase comprises the following steps: transforming the recombinant plasmid subjected to linear treatment into a Pichia Pastoris yeast GS115, inoculating the obtained transformants into a BMMY (buffered methanol-complex medium), inducing and culturing for 72-144 hours, carrying out centrifugal collection on thallus, washing, and carrying out organism printing and frozen drying on the thallus, thus obtaining the yeast display lipase. Through displaying lipase outside cells, and utilizing the lipase to conduct catalytic synthesis of the starch phosphate, the conversion efficiency can be improved, the reaction time is shortened, and the production cost is lowered.