The invention discloses a self-generated wear-resistant surfacing self-protected flux-cored wire reinforced by boron carbide with great volume fraction and a preparation method for the self-generated wear-resistant surfacing self-protected flux-cored wire. By taking a low-carbon steel belt as skin, the flux-cored wire consists of the following components in percentage by mass: 52-62% of high carbon ferro-chrome, 2-6% of chromium powder, 22-30% of ferroboron, 2-4% of graphite, 1-3% of an aluminum-magnesium alloy, 4-8% of a silicon-manganese alloy, and the balance iron powder; the graphite, the aluminum-magnesium alloy and the silicon-manganese alloy are added with grain sizes being 60 meshes and 200 meshes; and the flux core powder accounts for 55-60% of the total weight of the flux-cored wire. According to the flux-cored wire provided by the invention, flux core components with different grain sizes are added, so that good welding process performances are guaranteed; the flux core components are reasonably proportioned with other flux core components, so that boron carbide with mass fraction being 90% or more, namely (Cr, Fe)7(C, B) 3 and (Cf, Fe)3(C, B), is obtained in a surfacing alloy structure, hardness of a surfacing layer is as high as 65-68 HRC, and wear resistance of abrasives resistant to low stress is extremely good; and the welding process performances are good, deposition efficiency is high, and multi-layer welding is carried out while slag does not need to clear.