The invention discloses a powder metallurgy brake lining fora high speed train and a preparing method thereof, belonging to the technical field of a brake. The preparing method comprises the steps of raw material treating, burdening, mixing, compression moulding, molding and sintering, machining, rivet processing and so on. The power is prepared from, by weight, 50-70 parts of copper powder, 3-10 parts of iron powder, 10-20 parts of graphite, 5-10 parts of silicon carbide, 2-6 parts of quartz sand, 0.5-3 parts of nickel powder, 1-7 parts of tungsten carbide, 0.5-2 parts of molybdenum oxide, 1-4 parts of zirconite, 2-6 parts of tin powder and 0.5-2 parts of boron nitride. The technical scheme takes the copper as the base component; the base is reinforced by adding iron powder, nickel powder, tin powder and the like; the friction coefficient of the car brake block is increased by adding silicon carbide, zirconite, quartz sand and the like, and the brake pad with stable brake, log service life and capability of meeting the brake requirement of the high-speed train.