A hydraulic wave energy converter, for converting wave energy into high-pressure water energy, includes a rectangular upper floating body (1) floating on water surface, a cylindrical housing-shaped lower floating body (2) under water, a first cable (3), a second cable (4), a hanging rod (5), a ball hinged hook (6), a sea floor anchor pile (7), and other mooring facilities. A plurality of water hydraulic cylinders (8) are vertically fixed at two wider sides of the upper floating body (1) and are reliably connected with the lower floating body (2) through piston heads (27), piston rods (28) and piston rod seats (29). The hydraulic wave energy converter can convert the vertical component and the horizontal component of the wave motion into high-pressure water energy for impacting a hydraulic generator set to generate power, and is lower in cost, simple in maintenance and high in wave energy conversion efficiency.