The invention discloses a hydrating emulsion with lamellar liquid crystals. The moisturizing emulsion is characterized by being prepared from the following components in parts by weight: 1.5-3.5 partsof a natural liquid crystal type emulsifier, 1-3 parts of solid grease, 4-8 parts of liquid grease, 1-10 parts of a hydrating agent and 60-80 parts of water. According to the hydrating emulsion, by means of a preparation process, a Maltese-cross-shaped structure which is large in number, uniform in size and full in crystal form can be obtained, and therefore the hydrating emulsion has the advantages of being long-acting in hydrating performance, mild in skin-friendly performance and long in stability.