The invention belongs to the technology field of plant natural product preparation, and specifically discloses a extracting liquid for extracting plant polyphenol from rapeseed cake or rapeseed peel, peanut shell, apple, persimmon, grape, citrus, radish, soybean, jujube, pomegranate peel, banana peel, sweet potato, haw peel, tomato, nut, oat or lichee and a extracting method. The extracting liquid is a hydrogen peroxide solution with a pH value of 7.5 to 10.0, a sodium hypochlorite solution with a pH value of 7.5 to 10.0, a potassium hypochlorite solution with a pH value of 7.5 to 10.0, or a calcium hypochlorite solution with a pH value of 7.5 to 10.0. The preparation method comprises following steps: grinding the raw materials mentioned above, sieving, extracting with the extracting liquid mentioned above, optionally carrying out a supersonic treatment or a microwave treatment during the extracting process, and removing the slag through a centrifugal separation treatment so as to obtain the plant polyphenol leaching liquid. The extracting liquid for extracting plant polyphenol and the extracting method has the advantages of wide plant polyphenol sources and a very good industrial promotion and application prospect.