With the rapid development of renewable energy, wind-thermal-bundled power transmission by line-commutated converter based high-voltage direct current (LCC-HVDC) systems has been widely developed. The dynamic interaction mechanisms among permanent magnet synchronous generators (PMSGs), synchronous generators (SGs), and LCC-HVDC system become complex. To deal with this issue, a path analysis method (PAM) is proposed to study the dynamic interaction mechanism, and the damping reconstruction is used to analyze the damping characteristic of the system. First, based on the modular modeling, linearized models for the PMSG subsystem, the LCC-HVDC subsystem, and the SG subsystem are established. Second, based on the closed-loop transfer function diagram of the system, the disturbance transfer path and coupling relationship among subsystems are analyzed by the PAM, and the damping characteristic analysis of the SG-dominated oscillation mode is studied based on the damping reconstruction. Compared with the PAM, the small-signal model of the system is obtained and eigenvalue analysis results are presented. Then, the effect of the control parameters on the damping characteristic is analyzed and the conclusions are verified by time-domain simulations. Finally, the penalty functions of the oscillation modes and decay modes are taken as the objective function, and an optimization strategy based on the Monte Carlo method is proposed to solve the parameter optimization problem. Numerical simulation results are presented to validate the effectiveness of the proposed strategy.