The efficiency of CO2 photoreduction is limited by slow charge kinetics and the mass transfer of hydrophobic CO2 and H2O over the photocatalyst. Herein, we present a copper–alkynyl bond coordination polymer (CA-CP) with atomically-dispersed copper–alkynyl units (ADCAUs). By incorporating hydrophobic CA-CP with hydrophilic iodine vacancy-rich bismuth oxyhalides (IV-BX), we construct amphiphilic heterojunction photocatalysts (CA-CP/IV-BX) for visible-light-driven CO2 photoreduction. CA-CP/IV-BX achieves excellent stability, 100 % CO selectivity and a CO-evolution rate of 157.6 μmol g−1 h−1 coupled with O2 releasing. Experimental and theoretical calculations elucidate that the ADCAUs favor adsorption and activation of CO2, and have high CO selectivity. Moreover, the amphiphilic janus structure not only ensures the spatial synergy effect of CO2 reduction and H2O oxidation, but also promotes charge separation and proton feeding, boosting CO2 photoreduction activity. This work develops Cu–alkynyl coordination polymer photocatalysts with ADCAUs and provides insights into hydrophobic–hydrophilic biphasic photocatalysts for synergistic CO2 reduction and H2O oxidation.