The invention provides shield tail sealing grease with high water resistance and high water sealing performance. The shield tail sealing grease has high pump pressure conveyance feasibility, does not corrode spacers among cement annular duct pieces, is easily filled among wire brushes, and has long using cycle and high quality. The shield tail sealing grease comprises the following components: base oil, lubricating oil, chlorinated paraffin, polybutene, fibers and calcium carbonate. When coated on metal plates or concrete surfaces or in the dry and wet state or in water, the shield tail sealing grease has the advantages of high adhesivity, high sealing performance, high abrasion resistance, high leachability resistance, good pumping effect, environmental friendliness, no toxicity, no odor, no corrosion to equipment, reduction in abrasion of shield equipment, stable products, ageing resistance and oxidation resistance.