Converting CO2 into high‐value liquid products is a promising strategy to alleviate energy crisis. Herein, a novel Cu/Bi bi‐metal catalyst derived from MOFs has been prepared by a hydrothermal synthesis combining with high temperature calcination under N2 atmosphere, which shows cylindrical morphology composed of bi‐metallic nanoparticles. It is found that Cu/Bi bi‐metallic system is beneficial to lower the activate energy barrier of CO2 and shows a stronger adsorption capability for the CO2 ⋅ − intermediate than that of reference Bi/Bi2O3@C without Cu species. XPS analysis indicates the boosted performance for CO2 reduction reaction, which could be ascribed to synergistic coordination of Bi0 and Bi3+ in the catalyst. The optimized Cu1−Bi/Bi2O3@C exhibits excellent selectivity toward HCOOH with faradaic efficiency (FE) exceeding 84 % between −0.84 and −1.14 V vs. RHE, and even reaching 93 % at −0.94 V vs. RHE. The obtained Cu/Bi bi‐metal catalyst shows a promising application prospect in the CO2 reduction.