The utility model discloses a faucet, particularly to a hot and cold water faucet with air-water mixed flow, comprising a shell, wherein the centre of the shell is a water outlet; a water nozzle is arranged on the water outlet, and a cold water faucet and a hot water faucet are arranged at the both sides of the shell respectively; the hot and cold water faucet with air-water mixed flow is characterized in that an air intake pipe is arranged in the water nozzle; the outer end of the air intake pipe is communicated with the outside; and the inner end of the air intake pipe faces to the direction of the water flow. Because the air intake pipe is arranged on the side of the water nozzle, when cold water or hot water is injected from the water nozzle, air outside the water nozzle flows into the water nozzle from the air intake pipe and is mixed with the water in the water nozzle, the outflowing water has uniform temperature and the flowing speed slows down; the outflowing water is the well mixed water which has uniform temperature and makes people feel comfortable; moreover, the water current is not strong, does not spill water outside a wash basin, and makes people feel comfortable in a shower.