Rational design of Z‐scheme composite photocatalysts with 2D/2D heterojunction is a promising method to convert solar energy into chemical fuels. Herein, a Pd2L2‐type metal–organic nanoring (MAC‐1), which can serve as a photochemical molecular device (PMD), is assembled by catalytic Pd2+centers and photosensitive ligands (M‐7). Then MAC‐1 is combined with graphite‐phase carbon nitride (g‐C3N4) to construct a direct Z‐scheme quasi‐2D/2D composite material MAC‐1/g‐C3N4with Pd single atoms. The optimized 3.5% MAC‐1/g‐C3N4single‐atom catalyst (SAC) shows better photocatalytic performance than g‐C3N4, MAC‐1, Pd/g‐C3N4, M‐7/Pd/g‐C3N4, and 3.5% MAC‐1/g‐C3N4‐mixed and also displays good durability for H2production. The H2yield rate of 22.3 mmol g−1 h−1and the corresponding turnover number based on Pd or MAC‐1 amount (TONPd/TONMAC‐1) of 119 172/238 344 within 50 h are achieved for 3.5% MAC‐1/g‐C3N4, which is one of the highest records of all visible light‐driven g‐C3N4‐based photocatalysts reported. Such remarkably enhanced activity can result from the enhanced charge carrier mobility, improved light absorption ability, enlarged heterojunction contact interface, and highly monodispersed Pd active sites. The Z‐scheme SAC composed of metal–organic nanorings and g‐C3N4nanosheets therefore has great potential as an efficient and sustainable photocatalyst for solar‐driven H2production.