The invention relates to a resin bonding agent diamond grinding wheel and a manufacturing method thereof, and the grinding wheel comprises a grinding medium layer and a base body, wherein, the grinding medium layer is arranged on the base body and comprises diamond grinding medium, resin bonding agent, filling reinforcement which is a copper cladded iron powder and auxiliary abrasives which can be one or the combination of carborundum, boron carbide, white alundum, single alundum and fused zirconia alumina. The grinding medium layer comprises 5-15% of diamond grinding medium, 10-25% of auxiliary abrasive, 25-50% of thermosetting polyimide resin, 3-10% of copper cladded iron powder, 15-40% of silicon carbide powder and 0-8% of filling of metallic oxide in terms of volume percent. The diamond grinding wheel is characterized by low production cost, strong adhesive force, good sharpness and self-sharpness, long service life and good abrasion cutting effect.