The disclosure provides a method for resource and admission control of a home network, the RACF of an NGN retail service provider formulates an initial policy rule according to a resource request after receiving the resource request sent by an SCF; a CPN performs authorization check on one or more resource requests after receiving them, each of which includes the initial policy rule and is sent by an RACF of a respective NGN retail service provider, formulates a final policy rule after the authorization check is passed, and executes the final policy rule. The disclosure further provides a system for resource and admission control of a home network correspondingly, since a CGPE-FE executes corresponding operation according to the decision result of an HPD-FE, the disclosure can avoid resource control errors such as resource desynchrony or resource inconsistence, and can improve system stability.