Provided are a connecting rod folding mechanism and a cot having the same. The connecting rod folding mechanism includes: an upper surrounding joint connecting rod folding mechanism and an corner connecting rod folding mechanism; the corner connecting rod folding mechanism includes an upper connecting rod, a lower connecting rod and a pull-cord rod; the lower connecting rod is connected with the pull-cord rod; the upper connecting rod is connected with an upper surrounding tube; the upper connecting rod is movably connected with the lower connecting rod; the lower connecting rod is arranged in the pull-cord rod; the pull-cord rod is provided with an engaging structure; the lower connecting rod penetrates through the engaging structure and is connected with a pulling mechanism; the pulling mechanism is arranged in a vertical column; and one end of the vertical column is connected to the corner connecting rod folding mechanism.