The invention provides a diamagnetic blue ray resistant protection film. The diamagnetic blue ray resistant protection film comprises a first stripping layer, a diamagnetic functional layer compounded on the first stripping layer, a substrate layer compounded on the diamagnetic functional layer, a blue ray resistant functional layer compounded on the substrate layer and a second stripping layer compounded on the blue ray resistant functional layer; the diamagnetic functional layer is prepared from one or more of an organic silicon resin, an acrylic resin, a polyurethane resin and an epoxy resin, as well as a modified intrinsic type conductive polymer resin, a metal fiber, an assistant and a solvent; the blue ray resistant functional layer is prepared from an adhesive and a blue ray resistant assistant. The blue ray resistant functional layer prepared from the adhesive and the blue ray resistant assistant has an excellent blue ray resisting function; one or more of the organic silicon resin, the acrylic resin, the polyurethane resin and the epoxy resin and the modified intrinsic type conductive polymer resin, the metal fiber, the assistant and the solvent produce a synergistic effect, and the obtained diamagnetic functional layer has an excellent diamagnetic function.