The invention provides silicon dioxide-based CMP (Chemical Mechanical Polishing) solution which is applied to global planarization of a very large scale integrated circuit silicon substrate and an interlayer medium and a preparation method of the silicon dioxide-based CMP solution. The polishing solution contains the following components in percentage by weight: 10-50 percent of nano silicon dioxide grinding material, 0.1-10 percent of dispersant, 0.1-10 percent of wetting agent, 0.1-10 percent of chelating agent, 0.01-1 percent of pH (Potential of Hydrogen) regulator and the balance of de-ionized water. The polishing solution is prepared through the means of: modifying with a surfactant, strongly and mechanically stirring, performing high-shear grinding, performing ultrasonic dispersion and the like, and the problem of extreme easiness in flocculation and agglomeration of nano-scale grinding material particles is solved. Since the particle size distribution of the grinding material is narrow, the range is selectable, the polishing rate is easy to adjust and control and the polishing solution is alkaline, equipment is not corroded, less damage is caused, cleaning is easy and the environment is not polluted. The silicon dioxide-based CMP solution can be used for chemical mechanical polishing of the very large scale integrated circuit silicon substrate, the interlayer medium, a shallow trench isolation isolator, conductor and damascene metal.