The present invention discloses an indication information transmission method and apparatus. The method includes determining a first signature sequence and a first modulation constellation that are used to transmit a first downlink data stream to a terminal device and determining one or more second signature sequences and one or more second modulation constellations that are used to transmit a second downlink data stream. The method also includes determining indication information that is used to indicate the first signature sequence, the first modulation constellation, the one or more second signature sequences, and the one or more second modulation constellations and transmitting the indication information to the terminal device.