The invention discloses a coal slag powder chlorine-oxygen-magnesium cement stable regenerated concrete aggregate, which comprises the following components in percentage by mass: 93 to 97 percent of arecycled concrete aggregate, 0.9 to 2.6 percent of a magnesium oxide, 0.4 to 1.5 percent of a coal slag powder, 1.2 to 2.9 percent of a magnesium chloride, and 0.3 to 0.5 percent of a water-resistantadditive. The preparation method of the coal slag powder chlorine-oxygen-magnesium cement stable regenerated concrete aggregate also is disclosed. The coal slag powder chlorine-oxygen-magnesium cement stable regenerated concrete aggregate of the invention has the characteristics of convenient material collection, energy conservation and environmental protection, and is a novel building material;a large amount of solid waste, such as waste concrete, coal slag, and brucite, can be used to solve the problems of environmental protection and occupation of land caused by waste concrete and coal cinders, as well as to relieve increasing shortage of sand and gravel, and cement resources, the application range of the chlorine-oxygen-magnesium cement is expanded, has far-reaching influence and wide application prospect; the unconfined compressive strength meets the specification requirement, and the construction progress can be accelerated.