The invention provides a novel multi-shank grinding and polishing machine, which includes a control system, a machine base, several tool clamping tables, a spindle box, a two-dimensional electric displacement platform, and an abrasive belt grinding mechanism. The abrasive belt grinding mechanism includes a fixed The belt wheel bracket on the base, the driving belt wheel fixed on the belt wheel bracket, the driving belt wheel driver fixed on the belt wheel bracket, the driven belt wheel fixed on the belt wheel bracket belt pulley, the abrasive belt matched with the driving abrasive belt wheel and the driven abrasive belt wheel, and several booster wheels that increase the frictional force generated by the abrasive belt on the handle of the knife, and the several tool clamping stations Located between the driving grinding wheel and the driven grinding wheel, the several booster wheels are located between the driving grinding wheel and the driven grinding wheel. Compared with the prior art, the present invention changes the contact between the abrasive belt and the handle from line contact to surface contact, greatly improving the polishing efficiency, and the booster wheel makes the polishing effect of the abrasive belt on each handle consistent.