The invention discloses 1,000 MPa level hot-rolled TRIP steel based on the CSP process. The 1,000 MPa level hot-rolled TRIP steel comprises chemical elements and components including, by weight percent, 0.16%-0.20% of carbon, 1.60%-1.80% of silicon, 1.50%-1.60% of manganese, 0.20%-0.24% of vanadium, smaller than or equal to 0.008% of phosphorus, smaller than or equal to 0.005% of sulfur, 0.015%-0.060% of acid soluble aluminum, 0.015%-0.025% of nitrogen and the balance iron and inevitable impurities. The steel manufacturing method comprises converter smelting, refining, sheet billet continuouscasting, continuous casting blank uniform heating, high-pressure water descaling, controlled rolling, controlled cooling and coiling. Through the V-N adding microalloying component design, a ferrite phase and a bainite phase are strengthened, meanwhile, carbon concentration is not reduced, stability of retained austenite is maintained, and good strength and plasticity matching is achieved.