The fracture phenomenon of fastener clips occurs frequently in the sections with serious rail corrugation of high-speed railway, which brings huge potential safety hazards to track service and driving safety. In order to prevent the vibration fatigue fracture of fastener clips in high-speed railway, a dynamic vibration absorber (DVA) for clips is proposed in this paper to suppress the primary sensitive frequency of the corresponding resonant of clips. Firstly, based on the optimal design theory of DVA, a parameters design method of ring-shaped DVA suitable for clips is proposed. Secondly, the vibration characteristics of the high-speed railway fastener system are investigated, and the main reason for the fastener clips fracture is analyzed by simulation analysis combined with filed test. Then, focusing on the primary resonant frequency of clips, the vibration reduction effect of the ring-shaped DVA is analyzed. The results show that the ring-shaped DVA can change the natural frequency of the clip system, reduce the vibration response in the range of the original resonant frequency, and avoid the resonance phenomenon. Finally, the influences of mass ratio, frequency ratio, and damping ratio on the vibration reduction effect are analyzed, and the effectiveness of the parameters design method of ring-shaped DVA proposed in this paper is further proved. The research results can provide methodological support for the anti-breakage design of high-speed railway fastener clips.