The invention discloses a microcrystalline glass ceramic binding agent, a preparing method thereof, an SG grinding wheel and a preparing method thereof. The binding agent is prepared from, by weight percentage, 40% to 65% of SiO2, 6% to 20% of Al2O3, 5% to 18% of Na2O, 0.5% to 5% of CaO, 3% to 10% of K2O, 8% to 35% of B2O3, 0.5% to 2% of MgO and 2% to 6% of TiO2. The microcrystalline glass ceramic binding agent is formed by reasonably selecting the raw materials, the scientific ratio is adopted, the binding agent has the beneficial effects of being low in thermal expansion coefficient and crystallization temperature and high in strength accordingly, the microcrystalline glass ceramic binding agent is suitable for being used as a binding agent of the SG grinding wheel, the firing temperature of the SG grinding wheel is greatly reduced, and the firing time of the SG grinding wheel is greatly shortened; and meanwhile the work efficiency and the machining accuracy of the SG grinding wheel are improved, grinding heat is reduced, and the service life of the grinding wheel is prolonged.