A transmitting apparatus includes a signal generation circuit and an adjustment circuit. The signal generation circuit is configured to send, to a receiving apparatus, a serial data signal that carries a training sequence and valid data, where the training sequence is used to train a skew or an equalization of the serial data signal, and the valid data is used to detect an amplitude of the serial data signal. The adjustment circuit is configured to receive indication information from the receiving apparatus, and adjust a transmission parameter of the serial data signal based on the indication information, where the transmission parameter includes at least one of the skew, the equalization, or the amplitude.