The present invention was aimed to provide a fine emulsion-type cosmetic comprising a finely-emulsified oil phase mainly based on a silicone oil or hydrocarbon oil without use of a high-pressure emulsifying apparatus. A fine emulsion-type cosmetic having an average emulsion particle size of 150 nm or less comprising: an aqueous phase that is a continuous layer; an oil phase that is dispersed in the aqueous phase and comprises at least 82% by mass of a silicone oil and a hydrocarbon oil therein; a carboxy-modified silicone represented by the following formula (1); a C16 to 22 higher alcohol; a nonionic surfactant having a POE chain and an HLB of 5 to 10; and a dihydric glycol; wherein each of R 1 and R 2 is a functional group represented by -O-Si(R 4 ) 3 in which R 4 is an alkyl group having 1 to 6 carbon atoms; R 3 is a monovalent hydrocarbon group having 1 to 10 carbon atoms; M is a hydrogen atom, a metal atom, or an organic cation; A is one of a linear or a branched alkylene group represented by C q H 2q ; and q is an integer of 6 to 20.