The invention discloses a saline-alkali soil regulator and a processing process and application thereof. The regulator comprises ardealite, oil cake, kieselguhr, polysilicate aluminum ferrite, polyaluminum sulfate, polyferric sulfate, rectorite, cellulase, mushroom residue, bagasse, apatite, acid, EM bacteria, polymeric ferric silicate sulfate and ethanol. The processing process comprises the steps of firstly performing ball milling, ultrasonic treatment, calcination and acidizing treatment for rectorite; adding the ethanol and water into the bagasse, then performing sterilization treatment, mixing a mixture with the acid and adding the cellulase for enzymolysis; performing fermentation treatment for the oil cake, mushroom residue and EM bacteria; mixing the obtained fermented materials with the ardealite powder, the kieselguhr powder, the polysilicate aluminum ferrite, the polyaluminum sulfate, the polyferric sulfate, the polymeric ferric silicate sulfate and the apatite powder, performing granulation, and uniformly mixing the materials obtained through the granulation with the obtained bagasse adsorbent and the rectorite powder to obtain the saline-alkali soil regulator. The saline-alkali soil regulator can reduce the salinity content of saline-alkali soil to a greater extent.