This paper has carried out experimental and numerical research on the hysteretic characteristics of a corrugated steel plate shear wall which has a partially encased composite (PEC) column (PEC-CSPSW). Two single layer PEC-CSPSW cycle tests were conducted. For the sake of simulating the experimental results, the writer made a numerical model and verified it. The capacity of energy dissipation and failure mode of the structure were studied. The results displayed the PEC-CSPSWs had excellent bearing capacity, ductility, and energy dissipation feature, and the bearing capacity declined gradully. The PEC composite column could heighten the frame column’s stiffness, enhance the steel plate anchoring effect , and then give full play to its post-buckling strength. The effects of the thickness, wavelength, wave height of the corrugated steel plate, and the strength of concrete on the lateral force resistance were analyzed. The results indicated that, under the rational parameter design, the CSPSW proposed in this paper had a high bearing capacity and strong energy dissipation feature. Besides, it was an ideal lateral force resisting and energy dissipation member.