With the rapid development of space exploration and utilization, orbital debris increases dramatically, leading to great threat to human space activities and spacecraft security. In this paper, a new type of multi-functional space debris satellite system (MSDS) was put forward, which shared main optical system, and possessed functions of multidimensional information detection, polarized remote sensing and high rate transmission. The MSDS system can meet the requirements of detection and identification for the small orbital debris which is 1000km faraway, as well as the requirements of the data transmission by 50 Mbps to 2.5 Gbps@200-1000 km. At the same time, by the method of satellite orbital maneuver and attitude adjusting, the orbital debris information that is real-time, complex and refined, allweather can be acquired and transmitted by the new system. Such new type of multifunctional satellite system can provide important and effective technology for international orbital debris detection.