The invention relates to a cement additive, in particular to liquid composite cement grinding aid and a preparation method thereof, which solve the problems of bottleneck effect occurring in reactions among various components in cement caused by conventional cement grinding aid, poor effect in improving performance of each aspect of the cement and the like. The grinding aid is prepared from coconut oil diethan olamide, water, acetic acid, melamine, sodium nitrite, sodium acetate, sodium thiosulfate, molasses, sodium hexametaphosphate, calcium lignosulfonate and soap, can provide an intermediate platform for reactions among the components in the cement to ensure that the components in the cement can generate compound synergy and additive effects with one another, and more effectively excites potential activity of raw material components, thereby receiving sufficient reactions to play respective grinding aid effect in a powder grinding process, effectively eliminating ball stick and over grinding phenomena, improving the specific surface area of the cement, and simultaneously improving the machine-hour output of a cement mill; and the product which is added with 0.1 weight percent of cement can improve the 3-day strength of the cement by 4 to 7MPa, and improve the 28-day strength of the cement by 3 to 6MPa.