A new method for regulating optical properties of a coaxial cylindrical quantum well using the electric field and intense laser field is investigated in the effective mass approximation. By means of the finite difference method and the correct dressing effect of the confinement potential, the results show that the enhancement and recovery of optical absorption and refractive index change strongly depend on the multifaceted-cooperative regulation of the laser parameter, the electric field strength, the angle between the electric field and polarization direction of laser, and the barrier width. This is promising for the design of a new generation of highly polarization sensitive devices, optical repair equipments and optical phase modulators by adopting the multistage combination of electric and intense laser fields.