The invention provides a lift pipe and air-solid circulation bed coupling reaction device which at least includes a lift pipe, a shower head distributor, a guide cylinder, an annular space air distribution ring, an outer cylinder, an inner circulation pipe, an outer circulation fluidized bed, an outer circulation pipe and an air-solid separating system. Particles and air are transmitted upwards along the lift pipe, pass through the shower head distributor and enter the upper annular fluidized bed to form a central air lifting type circumfluence between the guide cylinder and the annular space. Part of the particles below the outer cylinder enters the lift pipe through the inner circulation pipe and another part enters the outer circulation fluidized bed to be mixed with the original particles in the outer circulation fluidized bed; the mixed particles enter the lift pipe through the outer circulation pipe; the positions where the inner circulation pipe and the outer circulation pipe enter the lift pipe can be flexibly arranged; the lift pipe and air-solid circulation bed coupling reaction device overcomes the limitations of system pressure balance and short reaction time and has the advantages that each area is flexible to be operated and controlled, the air-solid contact efficiency of the annular fluidized bed is high and the resistance above the distributor is small, etc. The device can be broadly applied to the fields of energy supply, chemical industries and particle combustion, etc.