The invention relates to a sublance rotating and lifting device. The sublance rotating and lifting device comprises a rotating frame and a lifting module. The rotating frame comprises a lifting track,an upper arm and a lower arm which are all fixed into a whole, wherein the upper arm is rotationally arranged on an upper platform, the lower arm is rotationally arranged on a lower platform, and therotating axis of the upper arm and the rotating axis of the lower arm coincide with each other. The lifting module comprises a lifting trolley coordinating with the lifting track, steel wire ropes with one ends connected with the lifting trolley, end portion pulley assemblies arranged at the top end of the lifting track, first pulley assemblies, second pulley assemblies, third pulley assemblies,fourth pulley assemblies, a coiling block and a coiling block drive mechanism, wherein the first pulley assemblies and the second pulley assemblies are arranged on the lower arm, the third pulley assemblies, the fourth pulley assemblies, the coiling block and the coiling block drive mechanism are arranged on the lower platform, the other ends of the steel wire ropes are vertically and upwards wound around the corresponding end portion pulley assemblies to be vertically downward, then are wound around the corresponding first pulley assemblies to be in the horizontal directions and then sequentially subjected to auxiliary tensioning of the corresponding second pulley assemblies, the corresponding third pulley assemblies and the corresponding fourth pulley assemblies to be connected with thecoiling block, and the second pulley assemblies, the third pulley assemblies and the fourth pulley assemblies are the same in height. The sublance rotating and lifting device is small in weight and simple in overall structure.