This application provides a cache decision method and apparatus. The method includes: receiving, by a policy control function PCF, first cache information sent by at least one local analytic function LAF. The first cache information includes a base station identifier, identifiers of first N1 pieces of application information that are accessed for a maximum quantity of times, and content corresponding to the identifiers of the N1 pieces of application information, where N1 is a positive integer. The method further includes determining, by the PCF, local cache content based on the first cache information and a capacity of a local cache. In this way, the cache hit rate can be effectively improved, transmission bandwidth and data transmission overheads can be greatly reduced, and users' experience improved.