The invention discloses a microbial insecticide containing Metarhizium having traditional Chinese medicine activity. According to the present invention, 0.2-0.5% by volume of chitosan is added to a culture medium having traditional Chinese medicine activity, Metarhizium is inoculated into the obtained culture medium according to a volume ratio of 4-8%, and solid fermentation is performed until theconcentration of microorganism reaches 4.0 billion strain / g so as to prepare the microbial insecticide containing Metarhizium having traditional Chinese medicine activity, wherein the culture mediumhaving traditional Chinese medicine activity is prepared by uniformly mixing milkvetch root, salvia miltiorrhiza, fructus ligustri lucidi, acanthopanax senticosus, licorice root, artemisia carvifolia,eucommia ulmoides, viscum coloratum, stemona japonica, sophora flavescens ait and azadirachta indica; and the obtained microbial insecticide can solve the problems of less number of microorganisms, low activity and the like of the microbial insecticide in the prior art, and can increase the number of microorganisms and improve the activity of microorganisms so as to provide the improved insecticidal effect.