An implantable biomedical chip with modulator for a wireless neural stimulating system. The implantable biomedical chip comprises a power regulator, a demodulator, a baseband circuit, a D/A converter, an instrumentation amplifier, an A/D converter and a modulator. The modulator is mounted on the implantable biomedical chip, and can achieve full-duplex communication to improve the controllability and observability. This also reduces the power consumption and area occupation as compared with using discrete components. Therefore, the integration of the implantable biomedical chip can be easily accomplished.