The present invention discloses a liquid crystal composition and a display device containing the same. The liquid crystal composition comprises one or more compounds of general Formula I; one or more compounds of general Formula II; and one or more compounds of general Formula III. The liquid crystal composition provided in the present invention has the properties of large optical and dielectric anisotropies, high clearing point, fast response speed, high resistivity, and good high-temperature and UV stability, and is applicable to a liquid crystal display (LCD), and particularly an LCD display requiring fast response speed, such that a good display effect of images without ghosting can be achieved when the LCD display works in a harsh environment.