The mechanical properties, microstructure and retained austenite stability of CMnAlSi-TRIP steels were investigated in this paper. The steel sheets were hot-rolled, cold-rolled and heat treated by intercritical annealing and isothermal heat treatment. The microstructure, volume fraction of retained austenite and its carbon concentration were observed by Optical microscopy and X-ray diffraction. The mechanical properties were obtained through uniaxial tensile test. The results show that the CMnAlSi cold-rolled TRIP-aided steels have good combination of strength and ductility with proper isothermal heat treatment, the retained austenite stability determines incremental strain hardening exponent during strain-induced martensitic transformation, and affected by its volume fraction and carbon content. The retained austenite stability has a good correlation with the combination of strength and ductility. The mechanical properties, microstructure and retained austenite stability of CMnAlSi-TRIP steels were investigated in this paper. The steel sheets were hot-rolled, cold-rolled and heat treated by intercritical annealing and isothermal heat treatment. The microstructure, volume fraction of retained austenite and its carbon concentration were observed by Optical microscopy and X-ray diffraction. The results show that the CMnAlSi cold-rolled TRIP-aided steels have good combination of strength and ductility with proper isothermal heat treatment , the retained austenite stability determines incremental strain hardening exponent during strain-induced martensitic transformation, and affected by its volume fraction and carbon content. The retained austenite stability has a good correlation with the combination of strength and ductility.