The invention discloses a capacitive embedded touch screen panel and a display device. Touch induction electrodes are configured on a color film substrate, a whole-face-connected common electrode layer in a TFT (Thin Film Transistor) array substrate is divided into strips which are taken as touch driving electrodes, and the touch driving electrodes are driven in a time-share manner to realize a touch function and a display function. According to the touch screen panel provided by the embodiment of the invention, the structure of the common electrode layer of the TFT array substrate is changed to form the touch driving electrodes, and an additional process is not needed on the basis of a preparation process of the existing TFT array substrate, therefore, the production cost is saved, and the production efficiency is improved. Furthermore, as the touch function and the display function are implemented in the time-share driving manner, on one hand, chips for display driving and touch driving can be integrated, and thus the production cost is further lowered, on the other hand, the mutual interference of display and touch can be further decreased by the time-share driving manner, and thus the image quality and touch accuracy are improved.