The invention discloses a coal tar suspended bed hydrocracking method which comprises the steps of pretreating coal tar; mixing the coal tar with a catalyst and a catalyst promoter to form even raw material oil slurry; putting the raw material oil slurry into a suspended bed reactor; enabling a reaction product to enter a hot high-pressure separator, a warm high-pressure separator, a cold high-pressure separator and a cold low-pressure separator; separating the reaction product; circulating separated hydrogen; enabling separated liquid and catalyst to enter an atmospheric vacuum device to distill out a product and a catalyst, wherein the catalyst can be used circularly. The method has the advantages of low back mixing degree of materials in the reactor, wide raw material adaptability and flexibility in operation.