Potamogeton crispus is a common submersed aquatic plant in shallow lakes in China, and its overgrowth and rapid decomposing have become an important environmental problem affecting the water quality of lakes every summer. Introducing other submersed plants to substitute Potamogeton crispus can improve the structure of the aquatic plant community and to reduce the growth of Potamogeton crispus to some degree, but the effect is poor and short-lived. Considering the fact that Potamogeton crispus is sensitive to changes in light intensity, the two methods of shading the water surface and introduction of other submerged plants were used synergistically. In a large simulated experimental pool, light intensity was reduced by placing black polyethylene floating spheres on the water surface and planting three species of submerged plants, namely, Vallisneria natans, Hydrilla verticillata and Potamogeton wrightii. Changes in the physico-chemical properties of the experimental pool water and the physiological and biochemical characteristics (morphology, chlorophyll, biomass, antioxidant enzymes and malondialdehyde) of the submerged plants during the period of 0–40 d were analyzed. The results showed that: (1) After the light intensity was reduced by 85%, Potamogeton crispus seedlings showed a significant decrease in biomass and chlorophyll content and died in large numbers within 20–30 days. (2) Catalase is the main tool for Potamogeton crispus to cope with low light stress. The activities of various antioxidant enzymes and the malondialdehyde content of Potamogeton crispus showed a decreasing trend under shade conditions, but the catalase activity increased dramatically. (3) Vallisneria natans is more tolerant of low light conditions than the other two submersed plant species. Therefore, we tried to reduce the biomass of Potamogeton crispus by combing introduction of other submersed plants and shading treatment. (4) The water quality objectives remained stable over the period of the trial, indicating that short-term shading does not have a negative impact on the quality of the water quality.