Provided is a renewable wet desulfurization process using a suspension bed, comprising mixing the desulfurization slurry with a hydrogen sulfide containing gas to obtain a first mixture, and passing the first mixture into a suspension bed reactor from bottom to top, with controlling the first mixture to have a dwell time of 5-60 minutes in the suspension bed reactor to allow they contact and react sufficiently with each other; and subjecting a second mixture obtained from the reaction to gas liquid separation to produce a rich solution and a purified gas, subjecting the resulting rich solution to flash evaporation and then reacting with an oxygen-containing gas for carrying out regeneration. The process of the present invention may reduce the hydrogen sulfide content in the hydrogen sulfide containing gas from 2.4-140 g/Nm3 to 50 ppm or less, so that the desulfurization efficiency is 98% or more. The present invention can achieve regeneration of a spent desulfurizer with a regeneration efficiency as high as 65%-83%, and the barren solution obtained by the regeneration may be recycled for being used as the desulfurization slurry, without generating secondary pollution, which is very suitable for industrial promotion.