The invention relates to a PC/ABS based low-shrinkage high strength and high gloss engineered polypropylene material and a preparation method thereof. The material comprises: 65 weight parts of high fluidity polypropylene, 10 weight parts of grafted PP, 5 weight parts of POE, 5 weight parts of PA66 fiber, 15 parts of 5um glass fiber, 1.0 weight part of an anti-glass fiber exposure agent, and 0.3 weight part of an antioxidant. The preparation method mainly includes the following three processes: glass fiber masterbatch manufacturing, polypropylene and masterbatch granulation, and high gloss andtraceless injection molding. An internal mixer or an exhaust twin-screw extruder is adopted in the glass fiber masterbatch manufacturing process. Ultrafine glass fiber and flexible organic fiber areinnovatively used for strengthening, and 5% or more of high grafting rate polypropylene is used as an efficient compatilizer and greatly enhances the compatibility between fiber and polypropylene, also high gloss steam traceless injection molding technology is utilized in the injection molding process to further improve the gloss of the high gloss reinforced polypropylene product, and finally through combined action, the product glass can reach the requirements of high gloss exterior parts. The PC/ABS based low-shrinkage high strength and high gloss engineered polypropylene material provided by the invention is low in cost as the general purpose material PP, but has the gloss, water shrinkage, strength and the like reaching the standards of PC/ABS alloy, ABS, PA and other engineering materials, can be used as a substitute to lower the cost, and has enormous commercial value.