The invention discloses a suspending agent containing chlorantraniliprole and lambda-cyhalothrin. The suspending agent is mainly applied to control of insect pests on crops. The lambda-cyhalothrin is low in melting point, so that dosage form of the lambda-cyhalothrin at present is mainly emulsified after being dissolved, and is mainly missible oil, a microemulsion and an emulsion in water, but the three dosage forms contain benzene organic solvents, and are not environmental dosage forms in true sense. By adopting the suspending agent, the complex suspending agent of the chlorantraniliprole and the lambda-cyhalothrin is introduced, does not contain an organic solvent, does not contain carcinogenic, teratogenic or mutagenic agents, and is the environmental dosage form in true sense. The composition comprises the main effective components of 1-20% of chlorantraniliprole, 1-10% of lambda-cyhalothrin, 3-6% of dispersing agent, 1-2% of wetting agent, 1-2% of stabilizer, 0.1-0.2% of defoamer, 0.2-5% of suspending agent, 3-5% of antifreezing agent and the balance of water. The insecticidal compound suspending agent belongs to an environment-friendly pesticide, is free of three wastes in production, and is convenient to use.