The invention discloses special cream for oily skin and a preparation method of the special cream. The cream prepared with the method has excellent oil control effect and can fundamentally improve the oil control function of the skin. The preparation method comprises the following steps: 1) decocting raw semen coicis, radix salviae miltiorrhizae, cortex phellodendri, radix paeoniae rubra, radix scutellariae, radix angelicae, rhizoma typhonii, radix saposhnikoviae, rhizoma anemarrhenae, rhizoma coptidis, flos lonicerae and rhizoma alismatis in water, performing filtering, and removing a filtrate to prepare a Chinese herbal medicine extract liquid; 2) mixing phenoxyethanol, methyl chloroisothiazolinone, chlorphenesin, methyldibromo glutaronitrile, o-cymen-5-ol, glycerine tristearate and beewax, performing heat treatment to prepare an oil phase, and heating glycerol, the Chinese herbal medicine extract liquid, magnesium chloride, agar and water to obtain a water phase; 3) mixing the oil phase and the water phase in the presence of ultrasonic waves to prepare the special cream for the oily skin. Meanwhile, the preparation method has the advantages of simple process and easily available raw materials.