The invention discloses a hydro-cracking method for producing middle distillate and tail oil rich in chain alkane. The method comprises the following steps: mixing raw material oil with hydrogen gas, subjecting the mixture to orderly contact with a hydro-refining catalyst and a hydro-cracking catalyst to carry out reactions, and subjecting the reaction product to processes of separation and fractionation so as to obtain the following components: gas rich in hydrogen, a naphtha fraction, a kerosene fraction, a diesel oil fraction, and a tail oil fraction; wherein the tail oil fraction is totally extracted, or part of the tail oil fraction is recycled and returned to the reaction system. By adopting the method provided by the invention, heavy fraction oil can be processed, the output of the middle distillate is increased, and at the same time high quality tail oil with a high content of chain alkane is produced. Compared to the prior art, the hydro-cracking method has the advantages of good selectivity and high yield of middle distillate and high chain alkane content and viscosity index of tail oil, and the middle distillate and tail oil are suitable for being taken as high-quality raw materials for steam cracking method for producing ethylene or lubricant basic oil production.