The present invention discloses a composite aquaculture oxygen increasing water purification agent, which comprises the following raw materials by weight: 13-17 parts of an oxygen-increasing agent, 2-6 parts of a pH value adjusting agent, 3-5 parts of active carbon, 10-18 parts of attapulgite, 20-30 parts of an ore additive, 7-9 parts of sodium carboxymethyl cellulose, 6-8 parts of chitosan, 2-4 parts of L-ascorbic acid, 2-5 parts of a curing agent, and 0.5-1.5 parts of a stabilizer. According to the present invention, the composite aquaculture oxygen increasing water purification agent has advantages of low use amount, strong flocculation adsorption capacity, effective elimination of the rancidity of residual bait in the pond, breeding pond pH value adjusting, effective dissolved oxygen increasing, water quality improving, absorption and reduction of organic matters in the water body, non-toxic raw material, easily available materials, low production cost and simple process, and has high practical value and good application prospect in the application as the aquaculture oxygen increasing water purification agent.