The utility model relates to the technical field of regulating valves, in particular to a multi-hole type valve cage structure and a regulating valve, and the multi-hole type valve cage structure comprises a plurality of stages of valve cages which are mutually nested; each stage of valve cage is provided with a plurality of throttling holes, the throttling holes are stepped holes, the front ends of the throttling holes in the fluid flowing direction are first hole diameters, the rear ends of the throttling holes in the fluid flowing direction are second hole diameters, and the first hole diameters are smaller than the second hole diameters. Through the multi-stage nested design, the overall
pressure difference is dispersed to all stages of valve cages, the pressure drop amplitude of each stage is effectively reduced, and therefore the phenomena of
flash evaporation and
cavitation which are likely to happen under the high-pressure-difference working condition are remarkably restrained. The throttling holes in each stage of valve cage are of a stepped hole structure, the
small hole diameter at the front end contracts fluid to improve the local flow speed, the large hole
diameter at the rear end expands to reduce part of pressure and slow down the flow speed change, the energy release rate is reduced through the throttling holes of the multistage valve cage, and
noise and vibration are effectively reduced.