The invention relates to a thin-walled circular type investment casting shell and a preparation method thereof, aiming at solving the defects that for the existing high-temperature alloy large thin-walled complicated circular type casting shell production technology, the casting pouring steel leaks, the surface quality is bad, the casting is difficult to clean, the size precision is low and the like, and belonging to the technical field of an aeroengine. A shell is made of new surface layer refractory powder, a back layer refractory powder and a sand lining material, and the invention provides a formula for all layers of paints of the shell; in addition, the invention further provides a manufacturing method of the thin-walled circular type investment casting shell, and the manufacturing method comprises the following steps: performing oil removal treatment on the surface of a wax mold module, carrying out paint preparation, sand lining and drying, shell dewaxing and shell roasting procedures, and particularly, the reinforcement step is added during the sand lining process, so that the shell has excellent high-temperature performance and good collapse performance at low temperature, and can bear molten metal with the pouring temperature being higher than 1600 DEG C, and can be used for casting high-temperature alloy large thin-walled circular vacuum castings such as K4169, K438, K418 and K4648.