A method and a device for feeding back and receiving downlink channel information are disclosed, whereby spectrum utilization ratio of downlink channel information feedback is enhanced. According to the present invention, a wireless terminal superposes an uplink user information sequence with spectrum-spread downlink channel information before transmission. A network side de-spreads a received signal before estimating the downlink channel information, and then detects the user information sequence after subtracting the estimated downlink channel information from the received signal. An orthogonal code can be employed to spread the spectrum of the downlink channel information. The wireless terminal and base station use a plurality of antennas for transmission and reception.