[Purposes] This study explored the optimal type of asphalts and fibers used in producing the semi-open graded asphalt mixture with the target voids of 13%, in order to improve the pavement performance of the mixture and achieve the balance between functionality and durability. [Methods] The semi-open graded asphalt mixture prepared by 8 different kinds of asphalts, fibers and mineral powder was selected. Laboratory tests were carried out to test the pavement performance of each mixture such as high-temperature stability, low-temperature crack resistance and water stability, and the influence of the asphalt, fiber and mineral powder on the pavement performance of asphalt mixture was analyzed. Based on the surface energy theory, dynamic shear rheological test and ductility test, the improving mechanisms of the composite asphalt and hydrid fiber were further analyzed and demonstrated. [Findings] The adhesion of the composite asphalt and aggregate was the strongest, and the bonding ability of the hybrid fiber and asphalt mortar was the best. [Conclusions] 5% styrene-butadiene-styrene (SBS), 15% rubber powder modified asphalt and hybrid fiber (lignin fiber and basalt fiber with the mass ratio of 1∶1) can provide the best pavement performance for the semi-open graded asphalt mixture .