The invention discloses a hollow glass heat insulating strip and hollow glass which are mainly used for manufacturing hollow glass doors and windows and curtain walls for building heat preservation. The hollow glass heat insulating strip comprises a plastic layer, transition layers and a metal layer; the metal layer is a long strip-shaped U-shaped strip of which the upper end is provided with upper bending sections; a buffer region is a connection part of a bulging circular arc A and a recessed circular arc B or a bulging circular arc C part; solvent degreasing treatment or plasma surface degreasing treatment is performed on the metal layer before the transition layers are applied to the metal layer; the transition layers are respectively applied to the inner surface and the outer surface of the metal layer; the plastic layer wraps the transition layers; the plastic layer and the metal layer are bonded together by the transition layers. A moisture absorption molecular sieve is put in a space part of the hollow glass heat insulating strip of the hollow glass; the hollow glass heat insulating strip and cohesive glue are arranged along the circumferential edge of the glass; inert gas fills in a hollow part; the hollow glass is obviously increased in heat insulating property, sealing property and weather fastness.