The present invention provides a liquid crystal display (LCD) panel and a display apparatus using the same. The LCD panel comprises a first substrate, a second substrate, a liquid crystal layer and a half wave (λ/2) retarder film, The liquid crystal layer is formed between the first substrate and the second substrate. The second substrate comprises a second electrode, wherein the second electrode comprises a trunk portion and plurality of branch portions, and there is a predetermined angle between the trunk portion and the branch portions, and the predetermined angle is less than or greater than 45 degrees. The λ/2 retarder film is bonded to an outer surface of the first substrate or the second substrate. The present invention can improve the color shift problem and the transmittance of the LCD panel.