The invention discloses a technology of processing a magnesium alloy with high intensity and flexibility, which subsequently includes vacuum melting, continuous casting, extrusion, forging and such procedures. The invention reasonably matches the solution body composition and the metamorphism liquid during casting process, and the grains are refined through the chilling action of a crystallizer at first; the magnesium alloy liquid is transmitted by an electromagnetic pump so as to prevent secondary oxidation and ensure safety in casting of the magnesium alloy; and then further refining the grains through electromagnetic mixing power, large ratio extrusion and heat treatment secondary crystallization, which effectively ensures tiny enough isometric crystals can be obtained from the alloy microstructure. The magnesium alloy elements of the automotive steering control arms, support elements of motorcycles and bicycles, can be obtained for the first time by the improvement, which are fully filled, good in surface quality, fine and even in grain size, reasonable in streamline distribution and without disordered streamline, vortexing and draining phenomena. The invention combines a plurality of technological processes into a production cycle, which reduces the turnover links, saves energy and reduces cost.