Beijing Satellite 3 is a high-performance optical remote sensing satellite with a spatial resolution of 0.3–0.5 m. It can provide timely and independent ultra-high-resolution spatial big data and comprehensive spatial information application services. At present, there is no relevant research on the fusion method of BJ-3A satellite images. In many applications, high-resolution panchromatic images alone are insufficient. Therefore, it is necessary to fuse them with multispectral images that contain spectral color information. Currently, there is a lack of research on the fusion method of BJ-3A satellite images. This article explores six traditional pixel-level fusion methods (HPF, HCS, wavelet, modified-IHS, PC, and Brovey) for fusing the panchromatic image and multispectral image of the BJ-3A satellite. The fusion results were analyzed qualitatively from two aspects: spatial detail enhancement capability and spectral fidelity. Five indicators, namely mean, standard deviation, entropy, correlation coefficient, and average gradient, were used for quantitative analysis. Finally, the fusion results were comprehensively evaluated from three aspects: spectral curves of ground objects, absolute error figure, and object-oriented classification effects. The findings of the research suggest that the fusion method known as HPF is the optimum and appropriate technique for fusing panchromatic and multispectral images obtained from BJ-3A. These results can be utilized as a guide for the implementation of BJ-3A panchromatic and multispectral data fusion in real-world scenarios.