The invention provides an HL-FFQH environment-friendly drilling fluid system and a preparation method thereof. The drilling fluid system is prepared from the following raw materials: water, bentonite,anhydrous sodium carbonate, an environment-friendly coating agent, an environment-friendly filtrate loss reducer, a bionic liquid lubricant, a bionic wall stabilizing agent, an environment-friendly inhibition and anti-collapse agent, a bionic nano plugging agent, an environment-friendly film forming agent and an environment-friendly diluting agent. The preparation method comprises the following steps: adding the bentonite into distilled water, and stirring and mixing; then adding the anhydrous sodium carbonate, sufficiently and uniformly stirring and curing; sequentially adding the environment-friendly coating agent, the environment-friendly filtrate loss reducer, the bionic liquid lubricant, the bionic wall stabilizing agent, the environment-friendly inhibition and anti-collapse agent, the bionic nano plugging agent, the environment-friendly film forming agent and the environment-friendly diluting agent and uniformly stirring to obtain the environment-friendly drilling fluid system.By adopting the HL-FFQH environment-friendly drilling fluid system and the preparation method thereof, mud is prevented from being dispersed and expanded at a mud shale section; the HL-FFQH environment-friendly drilling fluid system has good wall building performance, also has a strong rock fragment carrying capability and is used for effectively washing a wellbore; complicated accidents in a welldrilling process are avoided and the well drilling quality and efficiency are improved.