The invention discloses novel complex phase electromagnetic shielding-function paper, which relates to the technical field of specific paper with the electromagnetic shielding function and is prepared by the following steps: non-deinked waste paper pulp fiber is used as matrices, carbon fiber and carbon black are dispersed among the fiber, the carbon fiber is modified through coupling agents at first, and then modified carbon fiber as surfactants is added. Compared with the traditional relevant shielding-function paper, the novel complex phase electromagnetic shielding-function paper replaces fresh pulp or resin and the like by office waste paper, conforms to the requirements of waste regeneration and reutilization, low carbon, energy saving and environment protection, does not need deinking work procedures, reserves effective electric conducting ingredients of carbon black in ink, simplifies the production process and greatly reduces the production cost. The hydrophilicity of the carbon fiber is improved through couple modification treatment, then, the dispersivity of the carbon fiber and the pulp fiber is improved through surfactants such as Tween-80 and the like, and the long-range and short-range cooperative electric conducting effect of three-dimensional networks is improved through carbon black filling. Through tests, the prepared finished paper has the advantages of high strength, low electric resistivity, low reflection, high wide-frequency absorption, low quantitative quantity, wide softness adaptability and the like.