The fault current of a voltage source converter-based high voltage direct current (VSC-HVDC) system has the characteristics of high amplitude and fast-rising speed. Therefore, the available hybrid DC circuit breaker (HDCCB) faces great challenges in breaking capacity and breaking speed. A saturated iron-core superconducting fault current limiter-based hybrid DC current-limiting circuit (SI-SFCL-HDCCLC) is proposed. This uses the saturated iron-core superconducting current limiter and current-limiting resistor to realize the resistive-inductive compound current-limiting. It also uses an energy absorbing resistor to accelerate the fault current clearing and relieve the breaking pressure of the HDCCB. This paper introduces the working principle of the SI-SFCL-HDCCLC theoretically in stages in combination with the coordination strategy of the proposed SI-SFCL-HDCCLC and hybrid HDCCB (HDCCB) based on the transient characteristics of a DC fault. Then the principles of the parameter design of the SI-SFCL-HDCCLC are analyzed with mathematical derivation. Finally, the theoretical correctness and functional effectiveness of the proposed SI-SFCL-HDCCLC are validated in a PSCAD/EMTDC based environment. The simulation results indicate that the proposed SI-SFCL-HDCCLC combined with HDCCB can effectively suppress fault current, shorten the isolation time of the fault line, reduce the energy absorption of the arrester and realize the rapid recovery of the SI-SFCL. This work is supported by the National Natural Science Foundation of China (No. 52107023).