Regulating nonlinear optical (NLO) absorption and refraction properties of graphene is significant in nonlinear photonics. In this work, the functionalizing strategy of quantum dots (QDs) was used for the regulation of the NLO properties of reduced graphene oxide (rGO) with Au nanospheres and Au@CdS core-shells. The third-order NLO properties of rGO-Au and rGO-Au@CdS nanocomposites were investigated by Z-scan technique with 38 ps laser pulses at 532 nm wavelength. The saturation absorption (SA) of rGO was weakened when it was combined with Au nanospheres and switched to reverse saturation absorption (RSA) when combined with Au@CdS core-shells as irradiance intensity increased. The strength of RSA was tunable with the size of Au@CdS core-shells. Meanwhile, the nonlinear susceptibility of rGO was weakened with the complex Au but was tunable with the complex Au@CdS and realized two times enhancement. The effect of charge transfer mechanism was proposed to explain the regulated effect.