The present invention provides one kind of crystallizer protecting cinder for continuous casting of crack sensitive steel and its preparation process. The protecting cinder is compounded with wollastonite, limestone, quartz sand, fluorite, industrial soda, manganese carbonate and carbon material. Chemically, it consists of CaO 28-42 wt%, SiO2 26-40 wt%, CaF2 10-20 wt%, Na2O 4-10 wt%, MnO2 2-8 wt%, Al2O3 0-6 wt%, and C 2-10 wt%, and has the weight ratio between CaO and SiO 2in 1.0-1.2. The crystallizer protecting cinder can reduce the heat transfer, maintain the crystallization rate and the crystallization temperature of protecting cinder, reduce longitudinal cracks in the surface of cast billet, and raise continuous casting efficiency and quality.