Provided are a pixel circuit and a display panel thereof. The pixel circuit includes: a drive module, a data write module, an initialization module, a light emission control module and a light emission module, where the initialization module is electrically connected to a control terminal of the drive module and configured to write an initialization voltage to the control terminal of the drive module at an initialization stage, the light emission control module, the drive module and the light emission module are connected in series to form a driving branch, and the light emission control module is configured to be turned on at a light emission stage under a control of a first light emission control signal and under a control of a second light emission control signal so that the driving branch is turned on.