The Fengcheng Formation in the Mahu Sag of the Junggar Basin was generally composed of detritus, pyroclastic material, carbonates, and evaporites. During the process of sedimentation, the climate was arid or semi-arid. Due to the effect of high concentration and sodium-rich source, an alkaline lake was formed, and alkaline minerals were also preserved in the stratum. After the sediments were buried, three mineral assemblages were formed in the Fengcheng Formation, which are carbonate mineral assemblages (i.e., calcite + ferreous dolomite), reedmergnerite and carbonate mineral assemblages (i.e., reedmergnerite + calcite + ferreous dolomite), and reedmergnerite and alkaline mineral assemblages (i.e., reedmergnerite + shortite + trona), respectively. According to the homogenization temperature of reedmergnerite primary fluid inclusions, alkaline diagenesis of Fengcheng Formation is divided into early stage（≤100℃） and middle stage（＞100℃）, respectively. The former is characterized by the generation of ferreous saddle dolomite, quartz dissolution, and agglutination of the laumontite, which occurred under normal burial conditions. The latter is marked by the reedmergnerite’s appearance, which is correlated to deep hydrothermal activity controlled by faults. Finally, based on sedimentary and diagenetic factors, including climate, provenance, diagenetic surroundings, and the action of subsurface fluid, the alkaline deposition-diagenesis model for shale series in four stages of the Fengcheng Formation was established.