A projection screen and a projection system using the projection screen. The projection screen includes a microstructure layer and a light absorbing layer sequentially stacked from the side where a projected light is introduced. The microstructure layer includes multiple microstructure units. Each microstructure unit includes one reflective surface and one lens surface opposite the reflective surface; moreover, the reflective surface is provided at a position matching the focus of the lens surface. The projection screen and the projection system can resist ambient light and have a high gain and a high contrast.