It is found that feii emission contributes significantly to the optical and ultraviolet spectra of most active galactic nuclei. The origin of the optical/UV feii emission is still a question open to debate. The variability of feii would give clues to
this origin. Using 7.5 yr spectroscopic monitoring data of one Palomer-Green (PG) quasi-stellar object (QSO), PG 1700+518, with strong optical feii emission, we obtain the light curves of the continuum lv, feii, the broad component of hb, and the narrow component of hb by the spectral decomposition. Through the interpolation cross-correlation method, we calculate the time lags for light curves of feii, the total hb, the broad component of hb, and the narrow component of hb with respect to the continuum light curve. We find that the feii time lag in PG1700+518 is $209^{+100}_{-147}$ days, and the hb time lag cannot be determined. Assuming that feii and hb emission regions follow the virial relation between the time lag and the FWHM for the hb and feii emission lines, we can derive that the hb time lag is $148^{+72}_{-104}$ days. The hb time lag calculated from the empirical luminosity--size relation is 222 days, which is consistent with our measured feii time lag. Considering the optical feii contribution, PG 1700+518 shares the same characteristic on the spectral slope variability as other 15 PG QSOs in our previous work, i.e., harder spectrum during brighter phase.
