Fresh bamboo shoots (Chimonobambusa quadrangularis) are subjected to senescence (e.g., lignification and browning) during postharvest storage. This study investigated the effects of 1-MCP and SO2 treatment on bamboo shoot senescence and its regulation mechanism in order to extend bamboo shoot storage time. 1-MCP and SO2 treatments significantly inhibited the browning and lignification of fresh bamboo shoots during storage, according to the results. Its lower browning index and lignin content are directly related to its lower lignin content compared to the CK control group. The browning index and lignin content of the 1-MCP + SO2 treatment during the late storage period were 90.55% and 81.50% of the CK treatment, respectively. The result of the in-depth analysis suggested that 1-MCP and SO2 treatments reduced nutrient loss and maintained the nutritional value of bamboo shoots by inhibiting respiration and physiological metabolism. The PPO activity was inhibited to inhibit the browning process. Moreover, the scavenging ability of ROS was enhanced, the accumulation of MDA was inhibited, and the senescence of bamboo shoots was delayed after higher contents of total flavonoids and ascorbic acid were maintained and the activities of ascorbic acid peroxidase and superoxide dismutase were stimulated. Furthermore, lignin biosynthesis was hindered, and the lignification of bamboo shoots was delayed after the activities of POD and PAL were inhibited. In brief, 1-MCP + SO2 treatment is capable of inhibiting the physiological metabolism, browning, and lignification of bamboo shoots, maintaining good quality during storage, and delaying the senescence of bamboo shoots. Clarifying the senescence mechanism of bamboo shoots is of great significance for expanding the bamboo shoot industry and slowing down rocky desertification in karst mountainous areas.