The piggy bank of regenerated paper pulp moulding type is made from raw materials, i.e. a 100 per cent retrieved resource of news papers, Waleng paper lantern, office waste paper, magazines, etc., with production procedures of processing pulp, sieving, pulp grinding, shape formation, drying, etc. There adds no chemical additive in the production process, without problems of sewage discharge, air pollution, etc. The components of its products are regenerated paper pulp, which can be retrieved for use repeatedly, being easy to be recovered for regeneration use. There shall cause no peril and harm, no matter they are discarded or in the regeneration process; therefore, environment protection has been always kept from the raw materials, production flows to finished products.