The invention discloses a water and oil repellent finishing method for a bag type dedusting material and relates to a material finishing method for high-temperature gas treatment of steel works, industrial furnaces, and industrial boilers. The finishing method comprises the following steps of: (1) preparing a finishing agent, namely weighing polytetrafluoroethylene (PTFE) emulsion, polymethylphenyl siloxane fluid emulsion, alcohol, Tween, glycerol, a hardening agent, resin HA, and adhesive and water in a mass ratio and placing in a container, stirring and mixing uniformly, and thus obtaining the finishing agent for later use; (2) padding the dedusting material by using the prepared finishing agent by a padding machine, wherein the pressure of a rotary drum of a compression roller during padding of the dedusting material is 0.5 to 0.7 MPa, and the speed of the rotary drum is 3.5 to 5.5 m/min; (3) allowing the padded dedusting material to pass through a drying oven, wherein the drying temperature is 140 to 190 DEG C, and the travel speed of the dedusting material in the drying oven is 3.5 to 5.5 m/min; and after the dedusting material is dried, winding the dried dedusting material on a fabric roller to finish the water and oil repellent finishing work of the bag type dedusting material.