Objective: In order to explore the relationship among positive life events, savoring and subjective well-being in college students. Methods: 677 college students were investigated with Life Events Questionnaire, Savoring Belief Inventory, Satisfaction with Life Scale, Positive Affect and Negative Affect Scale. Results: (1) Correlation analysis showed that, positive life events is positively related to savoring (r=0.248, P<0.001), satisfaction with life (r=0.092, P<0.05), positive affect (r=0.176, P<0.001), and is not correlated with negative affect (r=0.063, P>0.05). Savoring is positively related to satisfaction with life (r=0.345, P<0.05), positive affect (r=0.439, P<0.001), negatively related to negative affect (r=-0.263, P<0.001). (2) Hierarchical multiple regression analyses showed that, when savoring entered in the regression equations, the predictive effect of positive life events on satisfaction with life was not significant (beta=0.007, P>0.05), the predictive effect of positive life events on positive affect was significant (beta=0.072, P<0.05, beta dropped 0.104). This showed that, savoring fully mediated the effects of positive life events on satisfaction with life, partially mediated the effects of positive life events on positive affect. Conclusion: Positive life events could affect satisfaction with life and positive affect through the mediator effect of savoring.