The invention discloses a phoebe bournei grafting and seedling raising method. Strong one-year phoebe bournei seedlings with the height of 40-60 cm and the ground diameter of 5-7 mm are selected as rootstock, in-season sprouting branches are selected from good provenance select trees with the height 15% larger than average height and the diameter at breast height 50% larger than average diameter at breast height or more to serve as scions, after grafting, the rootstock and the scions are prevented from being bruised or tilted and broken, sprouts are removed, bound mulching films are cut open in time, fertilizer and water management, weeding and disease and pest prevention are conducted well in time during the period, and good strong phoebe bournei grafting seedlings are obtained. The seedling raising method is easy and quick to operate, the grafting survival rate is high, new seed collecting mother plant dwarf can be promoted, the flowering and fruiting stages are earlier, safety of manual seed and cutting collection is improved, production cost is reduced, fecundity of good phoebe bournei seedlings is improved, good seed supply capacity is improved, and the requirements of development of the phoebe bournei industry are met.