The invention relates to the technical field of cement grinding aids, and discloses a formula and preparation process of a novel cement grinding aid which comprises the following raw materials in parts by weight: 3-5 parts of alkylol amine, 5-10 parts of potassium humate, 2-5 parts of sodium thiocyanate, 20-35 parts of anhydrous sodium sulphate, 25-35 parts of silica fume, 10-25 parts of hexavalent chromium reducing agent and 7-10 parts of stabilizer. According to the novel powder cement grinding aid, the chemical stability and the reduction efficiency are greatly improved, the defect that ferrous sulfate and manganese acetate are easy to deliquesce while the hygroscopicity of anhydrous calcium sulfate is overcome, the oxidation resistance of ferrous sulfate is greatly improved, the cement grinding time is shortened, the energy consumption is greatly reduced, the cement grinding aid has the advantages of favorable chromium removal property, favorable grinding aid property, favorable early strength and favorable chemical stability, does not contain chlorine salt, is environment-friendly, has wide application range, is worthy of wide-range popularization and use, brings great convenience to capital construction engineering in China, and greatly enhances the physical strength of the cement after being poured or completely dried.