The present invention discloses a folding bicycle comprising a head and a frame, wherein the head includes a handlebar, a handlebar stem, a folding joint, and a front fork, and the front fork has two fork blades each of which is inwardly recessed. When the handlebar is folded downwards with the handlebar stem, the handlebar can be further folded and placed in the recess of the fork blade without interfering with the fork blade. Thus, the folding bicycle can be further folded with a less folded volume.