Developing efficient electrocatalysts toward hydrogen oxidation and evolution reactions (HER/HOR) in alkaline electrolytes is essential for realizing renewable hydrogen technologies. Herein, we demonstrate that the introduction of dualactive species such as Mo and P (Pt/Mo,P@NC) can effectively regulate the surface electronic structure of platinum (Pt) and significantly improve the HOR/HER performance. The optimized Pt/Mo,P@NC exhibits remarkable catalytic activity, achieving a normalized exchange current density of 2.89 mA cm −2 and a mass activity of 2.3 mA μg Pt −1 , which are approximately 2.2 and 13.5 times higher than those of the state-of-the-art Pt/C catalyst, respectively. Moreover, it performs an impressive HER performance with an overpotential of 23.4 mV at 10 mA cm −2 , which is lower than most documented alkaline electrocatalysts. Experimental results reveal that the modifying effect of Mo and P optimizes the adsorption of H and OH on Pt/Mo,P@NC, resulting in an outstanding catalytic performance. This work has significant theoretical and practical significance for developing a novel and highly efficient catalyst for bifunctional hydrogen electrocatalysis.