The invention discloses a multi-channel circulating oil supply valve. The oil supply valve comprises a rotating core and a stator arranged on the rotating core in a sleeved mode, the outer wall of the rotating core is in liquid sealing fit with the stator, a metering cavity is formed in the stator, a piston is arranged in the metering cavity and divides the metering cavity into a first cavity and a second cavity, 4N liquid passing openings are formed in the peripheral side of the inner wall of a rotating core cavity at equal intervals, 4N liquid outlets are formed in the peripheral side, corresponding to the section where the liquid outlets of a liquid-outlet pipe are located, of the inner wall of the rotating core cavity at equal intervals, 2N outlets are formed in the stator, every two opposite liquid outlets communicate with one outlet through a pipeline, and a rotating control device controls the rotating core to rotate 360/4N degrees each time. According to the oil supply valve, an oil-outlet annular groove in the outer diameter of an original rotating core is omitted, then multiple sets of oil-outlet pore channels are formed in the position of the original annular groove, namely the stator (a valve body) matched with the original annular groove, and one-valve multi-point quantitative oil supply can be achieved through the multiple sets of oil-outlet pore channels.