Paleoclimate research, which involves the study of climate and environmental changes in historical and geological periods, is typically conducted using high-resolution paleoclimatic proxies, such as tree rings, historical documentations, stalagmite, and ice core. Although each paleoclimate proxy has its own merits in paleoclimatic research, reconstructions based on a single proxy may suffer from shortcomings, including insufficient reliability and low coverage of the representative area. It may be possible to overcome these shortcomings by combining multi-paleoclimatic proxies to understand paleoclimatic changes. In this study, we attempt to combine tree-ring stable oxygen isotope ratio (δ18O), tree-ring width, and stalagmite thickness data as well as historical records to establish a 320-year (1675–1994) time series using principal component analysis in the water-scarce North China Plain (NCP). The results show that the first principal component (PC1) series is closely related to regional precipitation and the maximum temperature in summer. The spatial correlation pattern indicates that the PC1 series can represent the regional hydroclimate variation not only in the NCP but also in all of northern China. The significant (p < 0.001) correlations between the PC1 series and several East Asian summer monsoon (EASM) indices prove that the PC1 reflects the intensity of the EASM. The PC1 series is consistent with the interannual variations of two reconstructed solar activity correlation indexes (r = 0.48 and 0.46, n = 320, and p < 0.001). The results indicate that the hydroclimate variation in the NCP is affected by large-scale atmospheric circulations, such as EASM and solar activity, and shows the potential of combining multiple paleoclimate proxies for analyzing regional climate change.