A display panel and a display apparatus are provided. The display panel includes first and second substrates which are disposed opposite to each other and a liquid crystal layer formed in between; a color filter polarizing layer which is formed on one surface between the first and second substrates; and a polarizing layer. The color filter polarizing layer comprises a first metal linear grid arranged at different pitches to emit a first polarized component of incident light with different colors, and a second metal linear grid formed on an opposite surface of the one surface between the first and second substrates. The provided display panel and display apparatus, have reduced manufacturing costs and a simplified manufacturing process.