The application discloses a preparation method of a composite cross-linked bioprosthetic valve. The preparation method comprises the following steps: 1, treating a decellularized bioprosthetic valve with tannic acid; 2, treating the tannic acid treated bioprosthetic valve with neomycin; 3, treating the neomycin treated bioprosthetic valve with 5-riboflavin monophosphate under the condition of ultraviolet irradiation; and 4, rinsing to obtain the composite cross-linked bioprosthetic valve. The application further provides a composite cross-linked bioprosthetic valve. According to the preparation method of the composite cross-linked bioprosthetic valve and the prepared composite cross-linked bioprosthetic valve, which are provided by the application, photooxidation of riboflavin is adopted and synergic with tannic acid and neomycin to carry out cross-linking on decellularized bovine pericardium, so that the aim of cross-linking three main components of an extracellular matrix is fulfilled, and the bioprosthetic valve which is of a good extracellular matrix structure, has an excellent mechanical effect and heat shrinkage temperature, is thin in thickness, can have a wider application range and has good collagen enzymolysis resistance and elastic enzymolysis resistance can be obtained.