The invention provides a storage operation mechanism of a foldable jib crane and the foldable jib crane. The storage operation mechanism is mounted on a supporting part between two fixing supporting legs on the lower portion of a main body of the foldable jib crane, and comprises a fixing plate fastened to the supporting part and provided with a first hole position, a pedal rotationally arranged on the fixing plate, and a rotary shaft assembly, wherein the rotary shaft assembly is provided with a shaft which penetrates through the pedal and is mounted in the first hole position of the fixing plate, thus, the pedal can rotate around the axis of the shaft to at least one first position and one second position, in the first position, the pedal and the supporting part are in a free state, andin the second position, the pedal jacks the supporting part. Through the storage operation mechanism and the foldable jib crane provided with the storage operation mechanism, folding storage of the crane can be completed through operation by one person.