The invention provides a method for preparing slag-free PAC by means of a high-efficiency emulsification shear stirring technology. The method comprises the steps of acid dissolution, recapturing andemulsification shear stirring. The method has the advantages that waste alkali is used for replacing traditional bauxite resources, dust pollution is avoided, no secondary hazardous waste is generated, and the quality of products is ensured; the PAC is quickly prepared by means of the novel high-efficiency emulsification shear mixing technology, the operation is simple, the processing capacity islarge, the production cycle is short, the yield is high, the energy consumption is low, the equipment investment cost is low, and the cost is low. Regeneration and comprehensive utilization of resources including aluminum-containing sludge, waste hydrochloric acid and waste alkali are achieved, waste is turned into treasure, sustainable development of upstream enterprises is ensured, the production cost of the enterprises is saved, and double benefits of economy and environmental protection are achieved. The prepared slag-free PAC is pure, clear, stable in quality, good in fluidity and dispersibility and capable of achieving higher basicity, and the decolorization and turbidity removal capabilities of the PAC are 5-10% times higher than those of general PACs sold on the market.