The invention provides a wastewater treatment process and system. The process comprises the following steps: a, performing anaerobic and aerobic treatment on wastewater in sequence to obtain muddy water mixed liquor, wherein sludge age in the anaerobic and aerobic treatment is 0.5 to 5 days, and the waterpower stay duration is 0.5 to 3 h; b, performing sedimentation on the muddy water mixed liquor obtained in the step a, so as to obtain supernate and sludge; c, performing anaerobic ammonia oxidation on the supernate obtained in the step b, and separating obtained muddy water mixed liquor to obtain supernate and sludge; d, mixing the supernate obtained in the step c and a coagulant, and performing sedimentation on obtained reaction liquid to obtain sludge and effluent. The process is free of additional carbon sources, and has a higher nitrogen and phosphorus removal capacity. Test results show that after wastewater is treated by the process, SS is 5 to 10 mg/L, COD is 30 to 46 mg/L, TN is 9 to 13 mg/L, and TP is 0.3 to 0.5 mg/L.