The invention relates to a composite dipping glue used for preparing a high temperature filter material, which comprises the following components: phenolic resin, a catalyst, a flexibilizer, a cosolvent, an inorganic bonding agent, a coupling agent, a waterproof oil-proofing agent, an anti-grinding agent, a chelating agent, a carbonization agent, a flame retardant agent and a stabilizing agent. According to the invention, a normal temperature mixing stirring method is employed to prepare an aqueous dipping glue, the water-soluble performance of the prepared dipping glue is excellent, the dilution ratio enables wide adjustable degree, the adhesiveness is good, the impregnation is easy, no unfriendly component on environment such as heavy metal ions can be contained, the usage is convenient, the production process control is simple, the pollutant discharge capacity is low, and the cost is low. Compared with other resin-based dipping glue, the modification effect of the composite dipping glue on a filtering base material surface is obvious, The filter material prepared by the dipping glue has excellent high temperature resistance and aging resistance performances and good acid and alkali resistance and corrosivity resistance performances, the conservation rate of toughness under high temperature is high, and the waterproof and oil-proof performances are prominent. The dipping glue can treat various organic and inorganic fiber such as glass fiber, rock wool, basalt fiber, carbon fiber, stainless steel fiber, aramid fiber, polyphenylene sulfide (PPS), terylene and polypropylene.