The invention relates to a preparation method of a high-intensity magnesium alloy soldering wire, which adopts alloy agent magnesium, aluminum, zinc, yttrium, magnesium-manganese intermediate alloy and aluminium-silicon intermediate alloy as raw materials. In a vertical melting furnace, through being melted at 700 DEG C, rare-earth element yttrium is added at 800 DEG C and is refined at 760 DEG C, with a covering agent and a refine agent being added, through constant temperature, thermal retardation and stewing, then magnesium alloy molten liquid is made; through casting a mould, magnesium alloy ingot is made; through cooling, cutting and forming, and then thermoplastic extruding, in the end, the high-intensity magnesium alloy soldering wire is made; the yttrium element, the magnesium-manganese intermediate alloy and aluminium-silicon intermediate alloy can greatly improve the intensity, the malleability and the solderability of the magnesium alloy soldering wire; the preparation technology is refined, the mixture ratio is reasonable, the environment pollution does not exist; the outcome of a magnesium alloy soldering wire metallic phase has uniform structure and good compactability, the average grain size is 25microns, the tensile strength can reach 330MPa, the elongation percentage can reach 25 percent and can be improved by 18 to 28 percent compared with the prior art, and the solderability is good.