A liquid crystal display (LCD) panel and an LCD device incorporating the same are provided. The LCD panel includes a first substrate, a second substrate and a liquid crystal layer. The second substrate disposed parallel to the first substrate includes a base, a picture element, a transparent electrode, several stack layers and several reflective electrodes. The picture element having a transmission region and a reflection region is disposed on the base. The transparent electrode having several electrode portions is disposed inside the picture element. The electrode portions are alternatedly disposed in the transmission region. The stack layers alternatedly disposed on part of the transparent electrode alternate with the electrode portions. The reflective electrodes are correspondingly disposed on the top surfaces of the stack layers, and are electrically connected to the transparent electrode. The liquid crystal molecules form several domains via the lateral inclined surfaces of the stack layers.