The invention discloses a composite type kaolin flame-retardant foaming agent. The essentials of the technical scheme are as follows: the composite type kaolin flame-retardant foaming agent is prepared from kaolin powder, concave-convex rod argil powder having an air purification function, hydrogen peroxide, aluminium hydroxide, aliphatic alcohol polyoxyethylene ether sodium sulfate, superfine polyvinyl alcohol powder, dimethicone and water. A preparation method of the composite type kaolin flame-retardant foaming agent comprises the following steps of: firstly, stirring a composite type kaolin flame-retardant foaming agent paste-shaped ingredient into a paste; then stirring the composite type kaolin flame-retardant foaming agent ingredient into a finished product of the composite type kaolin flame-retardant foaming agent. After the composite type kaolin flame-retardant foaming agent is stirred at a high speed, porous foamed slurry is formed and the contact between combustible materials and air can be quickly isolated so as to fulfill the aims of flame retardance and extinguishment; by using a product produced by the composite type kaolin flame-retardant foaming agent, the effects of flame retardance, heat preservation, heat insulation and sound insulation are achieved, and a function of purifying the air is also realized; moreover, the composite type kaolin flame-retardant foaming agent is suitable for producing flame-retarding extinguishment products, light slabs, light wall bodies and sound-attenuating and noise-reducing products.