The invention provides a high-speed magnetic suspension type driving Jacquard knitting needle circular weft knitting machine, which is characterized by comprising a machine frame, a transmission system, a large table top, a conducting sliding ring, a needle tube device and a sinker assembly, wherein the large table top is arranged on the machine frame, the transmission system is fixedly arranged on the large table top, the needle tube device is fixedly arranged on an output gear of the transmission system, a sinker ring of the sinker assembly is fixedly arranged on the needle tube device, a triangular ring of the sinker of the sinker assembly is fixedly arranged on the large table top through support feet, the annular needle tube device is of a split structure and consists of a plurality of needle tube components, dense magnetic suspension type driving knitting needles are distributed in the needle tube device, and are distributed in three circles including the inner circle, the middle circle and the outer circle, the angle between the two adjacent knitting needles on the middle circle are divided into three equal parts by the inner and outer knitting needles, the uniform space of the knitting needles is ensured, and the conducting sliding ring is arranged on the large table top. The high-speed magnetic suspension type driving Jacquard knitting needle circular weft knitting machine has the advantages that the contact and the friction are avoided in the suspension knitting needle movement, the efficiency is high, the reaction speed of the knitting needles driven in a magnetic suspension type driving mode is high, the needle selection frequency is high, the precision requirement of the mechanical processing is greatly reduced through the split structure, and in addition, the assembly and the maintenance are convenient.