The invention provides a papermaking retention and drainage reinforcing agent. The papermaking retention and drainage reinforcing agent is dispersion liquid. Water-soluble polymers (A) are dispersed in brine solution by the aid of polymeric dispersants (B) to obtain the dispersion liquid, the salinity of the brine solution is higher than, by weight, 10% and is lower than the saturation concentration, the average particle size of the dispersion liquid is 0.1-100 micrometers, the dispersion liquid comprises, by weight, 10-40% of water-soluble polymers (A), the viscosity of the dispersion liquidat the temperature of 25 DEG C is 3000-20000 mPa s, the polymeric dispersants (B) are polymeric dispersants, the polymeric dispersants comprise polymerization components including, by molar mass, 10-99.979% of positive ion radical polymer monomers (b1), 0.01-1% of (methyl) allyl monomers (b2), 0.001-0.1% of cross-linking monomers (b3) and 0.01-1% of N-substituted (methyl) acrylamides (b4), the polymerization components are copolymerized to obtain the polymeric dispersants, the N-substituted (methyl) acrylamides (b4) are represented by a general formula CH2=C(R1)-CONR2(R2), the R1 in the formula represents hydrogen atoms or methyl, the R2 independently represents linear-chain or branched-chain alkyl, and the carbon atom number of the linear-chain or branched-chain alkyl is 1-4.