The invention belongs to the technical field of textile production and specifically relates to ice-cold polyester functional fabric and a production method thereof. The fabric is satin fabric which is formed by warp yarn and weft yarn, wherein the wrap yarn is blended yarn formed by ice-cold polyester fiber and tencel fiber and the weft yarn is doubling yarn formed by doubled bamboo fiber. The production method comprises following steps: 1) beam-warping process; 2) sizing process; 3) denting; 4) weaving process. The yarn strength is increased by adopting blended yarn; the yarn feather is reduced so as to facilitate later sizing and weaving; the blended yarn is processed with sizing agent, which can effectively reduce the shrinkage of ice-cold polyester fiber and is convenient for weaving; doubled bamboo fiber is used as weft yarn; the cross sectional area of the weft yarn is doubled so that the weft direction strength is increased so as to facilitate the later high speed weaving; the production method is simple and efficient. The ice-cold polyester functional fabric has smooth hand feel, high strength and good anti-static-electricity performance and color fastness performance; the fabric is quick in cooling and heat dissipating.