Physiochemical properties of Symplocos paniculata oil and the preparing technics for bio - diesel were studied in this paper. The results showed the oil yield of seeds: 20.0%. The oil is a grease mainly containing palmitc acid, stearic acid, oleic acid, linoleic acid and linolenic acid. Mass fraction of unsaturated fatty acids is up to 76.74%. Physiochemical properties ,compositions and mass fraction of fatty acid of the oils is consistent with the bio - diesel standards. The optimum conditions of esterification with pistacia chinensis bunge oil obtained by L9 ( 34 ) orthogonal experiments: the amount ratio of substance of oil to methanol is 1: 6, dosage of catalyst is 1.2%, reaction time 2 h, reaction temperature 60 ℃ ,conversion 92%. The bio- diesel performance index are close to No. 0 diesel,so it is a sort of ideal substitute for No. 0 diesel.