The invention discloses a moisture-absorbing and sweat-releasing chinlon knitted fabric. The knitted fabric is woven from hydrophilic chinlon. Vents are reserved on the surface of the knitted fabric. The knitted fabric has the advantages of the common chinlon knitted fabric, namely good elasticity, high strength and high wear resistance, can overcome the disadvantages of the common chinlon knitted fabric, namely poor water absorptivity and impermeability, and has the advantages of hygroscopicity, perspiration and air permeability.