The present application provides a channel state information (CSI) feedback and receiving method and device. The CSI feedback method by a UE comprises: determining, according to an indication of a base station, at least one CSI feedback configuration group configured by the base station, wherein each CSI feedback configuration group comprises at least one CSI feedback configuration; and upon determination of a need to report CSI, reporting, via a PUCCH or PUSCH, to the base station CSI acquired based on a first CSI feedback configuration, wherein the first CSI feedback configuration is a CSI feedback configuration determined, according to location information of a CSI feedback configuration in the most recent report or location information of a CSI feedback configuration indicated by the base station, from a corresponding CSI feedback configuration group by the UE. The present application supports independent reporting of location information and corresponding CSI, thus improving the detection performance of such information, and further supports a base station to acquire CSI corresponding to a specified CSI feedback configuration, thus enabling more flexible downlink scheduling and transmission.