Provided are self-decoration reactive powder concrete and an application hanging plate and application method thereof. The self-decoration reactive powder concrete is prepared from 16%-30% of cement, 10%-35% of admixture, 1%-5% of fibers, 23%-44% of fine aggregates, 0.5%-5% of high-efficiency water reducing agent, 0-0.5% of colorant, 0-5% of titanium dioxide and 9%-18% of water, the self-decoration reactive powder concrete serves as a construction material and a decorative material, the compressive strength is larger than or equal to 100 Mpa, the flexural strength is larger than or equal to 15 Mpa, the fluidity ranges from 300 mm to 350 mm, pouring is conducted to make a decorative hollow-out hanging plate through a hollow-out mold, reinforcements are not needed, and a light and attractive hanging plate can be made. Compared with an ordinary decorative hollow-out hanging plate, the hanging plate is free of reinforcements, small in thickness, light in size, light in weight, convenient to transport and install, rapid and efficient in construction, high in strength, good in bearing capacity, resistant to impact, good in waterproof and anti-cracking property, good in weather resistance, good in decorative effect and capable of being widely applied to fabricated building construction.