The utility model relates to composite magnetic wall paper which comprises a decorative layer made from paper or cloth or PVC or other materials. The utility model is characterized in that the decorative layer is combined with a ferromagnetic soft iron layer or a soft glue magnetic layer through a binder. The composite magnetic wall paper not only maintains the advantages of softness, good ornamental property, etc., existing in the traditional wall paper made from paper or cloth or PVC, but also adds new functions to the traditional wall paper. When the composite magnetic wall paper of the utility model is used, a wall surface can have the function of magnetic suction; thereby, a user can easily and conveniently paste or take off handscrolls of painting or decorative articles which are provided with a magnetic conducting layer.