The invention discloses low-density and high-strength cement paste, which is applied to cementing of wells tending to leak under a low pressure. The cement paste is prepared from the following components in parts by weight: 100 parts of oil well cement, 21-42 parts of hollow glass microbeads, 75-45 parts of coal ash, 8.9-14 parts of micro silicon, 3 parts of a filtration-reducing agent, 0.8-1.2 parts of a dispersing agent and 130-136 parts of water. In the cement paste, glass microbeads are taken as main lightening materials, so that the density of low-density cement paste is lowered to 1.15-1.35 g/cm<3>, and the application arrange of the low-density cement paste is widened; by compactly piling cement particles, coal ash particles, glass microbead particles and micro silicon particles, the percentage of solid-phase particles is increased, and cement stone is dense, has high strength, high penetration resistance, high sedimentation stability and contribution to preventing of rush, and is free from concentration; and the cement paste does not contains any early strength admixture, the strength is enhanced by fully depending on compact piling of particles, the cement paste can be mixed with any fluid loss agent without damaging the fluid loss effect, and pollution on stratum is low.