Three specimens of frame supported shear wall with CFRP bars in transfer beam were tested under low cyclic loading, comparing to one with steel bars. And the failure modes, stress characteristics and hysteretic characteristics were analyzed. The nonlinear beam column elements based on stiffness method and zero length rotational spring element were selected through the OpenSees analysis platform. A numerical analysis model was established to analyze the frame supported shear wall, reasonably considerating bond slip of longitudinal reinforcement, and the simulation results were compared with the experimental. The results showed that the numerical model considering the bond slip of longitudinal reinforcement, can well simulate pinch characteristics of hysteresis curve of frame supported shear wall under cyclic loads. Besides, the yield load and ultimate load also had preferable simulation accuracy.