The invention relates to a preparation method of an adsorption-photocatalysis compound type formaldehyde removing coating, relating to a preparation method of a coating and aiming at solving the problems of low formaldehyde degradation efficiency and incapability of enriching formaldehyde in an existing photocatalysis coating. The preparation method disclosed by the invention comprises the following steps: (1), preparing ACF (Active Carbon Fiber) modified by concentrated nitric acid; (2), mixing butyl titanate, ethanol and acetic acid; (3), mixing ethanol, acetic acid and water, adding urea and iron nitrate nonahydrate crystals, and adjusting pH; (4), preparing TiO2 sol containing iron and nitrogen; (5), preparing ACF loaded with TiO2; (6), preparing TiO2/ACF compound powder; and (7), mixing the TiO2/ACF compound powder with the coating. By means of the enrichment action of ACF, the problem of low TiO2 efficiency is solved to a great extent; by means of the catalytic action of TiO2, the saturated regeneration problem of an adsorbent is effectively solved; the characteristics of the ACF and the TiO2 are complementary; the formaldehyde degradation efficiency is greatly improved. The preparation method disclosed by the invention can be used for preparing the adsorption-photocatalysis compound type formaldehyde removing coating.