Submerged floating tunnels (SFTs) are innovative structural solutions to waterway crossings and are more economical compared to the conventional structures such as cable-supported bridges, underground tunnels or immersed tunnels. The dynamic behaviors of SFT under real train loads is the primary design requirement of an SFT, However, it is not investigated using realistic train models. In this study, the China-star high-speed train is used to evaluate the dynamic displacements, internal forces and cable tensions of SFT. The tunnel is modeled by FEM, the cables are modeled by elastic catenary cables, and ocean waves and currents are modeled by Airy’s wave theory. The SFT displacements, bending moments and cable tensions were significantly influenced by moving trains. The SFT experienced extreme vertical displacements and there was a large drop in the minimum cable tensions. The mooring cables were slacked both by magnitudes and speed of the moving trains, which should be avoided for the safety of SFT. This study recommends the additional buoyancies for the stability of SFT subjected to high speed trains.