Participating actively in the exploitation of Antarctic marine living resources is a new demand for the sustainable and healthy development of marine fishery. In this paper, the history and trend of international Antarctic krill fishery is presented, the major problems faced by Chinese Antarctic krill fishery analyzed, and relevant engineering and Sci-Tech suggestions proposed. The international Antarctic krill fishery has developed into a new industry supported by innovative fishing technologies and markets with high-value-added products, with both fishing and processing capacities. Developing Antarctic krill fishery can enhance China’s distant-water fisheries and contribute to the emerging industries concerning marine living resources. To achieve this goal, researches and innovation in fishing and processing equipment and technology should to be encouraged to improve the core competitiveness of fishing industry, whilst basic ecological researches on fishery resources are also needed to promote thesustainable development of Antarctic and polar fishery.