The invention relates to a speech information hiding secret communication system which organically integrates techniques, such as information hiding, passwords, communication, and the like. In the invention, MELP2.4KBps secret speech is hidden in the public speech of G.721, G.728, GSM and G.729 of a code-excited linear prediction code by connecting a public telephone network PSTN, mobile communication GSM/CDMA, videoconferences and a VoIP network and utilizing a speech information hiding and extraction algorithm, and a private channel is established in a public communication channel to carry out the real-time secret communication of secret speech information. The system adopts an embedded type technique based on DSP, and designs corresponding functional modules, such as speech coding and decoding, speech encryption and decryption, speech information hiding and extraction, and the like. Under the condition that a certain communication rate and a certain speech quality are ensured, secret speech real-time communication is carried out on various public channels, and the communication quality reaches the requirement of a communication standard.