The invention relates to a sleeving valve type hydraulic breaking hammer. The sleeving valve type hydraulic breaking hammer comprises a front body, a middle cylinder and a
nitrogen chamber which are sequentially arranged from front to back. A
drill rod is arranged inside the front body in the axial direction. The middle cylinder is internally provided with a
piston, a sleeving valve and a hydraulic oil
path system, wherein the
piston is in transmission connection with the
drill rod; the sleeving valve is arranged outside the
piston in a sleeving mode and matched with the inner wall of the middle cylinder; and the hydraulic oil
path system drives the piston and the sleeving valve to move back and forth in the axial direction of the middle cylinder. In the working state, the piston drives the
drill rod to move back and forth in the axial direction of the middle cylinder under driving of the hydraulic oil
path system, and accordingly hard objects are broken. Compared with the prior art, the sleeving valve type hydraulic breaking hammer is simple in structure, the sleeving valve is directly arranged on the piston in the sleeving mode, a valve element is omitted, the structure is more compact, and structure manufacturability is good; and since the travel
stroke of the sleeving valve is short, the working efficiency is remarkably improved, and the demands of
engineering application can be met.