The invention relates to a method for preparing a canine fetal membrane mesenchymal stem cell and the canine fetal membrane mesenchymal stem cell, in particular to a cell freezing medium for the canine fetal membrane mesenchymal stem cell. The method for preparing the canine fetal membrane mesenchymal stem cell comprises the following steps: sterilizing and cleaning, digestive treatment, cell culture, cell passage and cell freezing. The method for preparing the canine fetal membrane mesenchymal stem cell, disclosed by the invention, shows the following excellent technical benefits; in addition, the used culture medium can greatly improve the preparation efficiency of stem cells. The prepared mesenchymal stem cell can beneficially treat arthritis, fracture, muscle injury, ligamentous injury, cartilage injury, joint injury, cognitive impairment, immunologically mediated disease, xerophthalmia, recurrent uveitis, liver diseases, heart disease, kidney disease, diabetes, gastrointestinal disease, thyroid disease and skin disease of canine.