With the rapid development of human society and industry, mercury emissions have brought great hidden dangers to the ecological environment and human health. The common methods of mercury treatment include chemical precipitation, ion exchange, adsorption and so on. Among them, the chemical precipitation method can effectively remove most of the mercury in the wastewater, but the amount of sulfide is difficult to control, which is easy to cause water quality hardening and secondary pollution. The ion exchange method has the advantages of high quality water, simple equipment, fast mercury absorption and no secondary treatment. But it has not been widely used because of the limitation of the type, dosage and cost of exchangers. The adsorption method usually does not introduce new pollutants into the treated water, having high mercury removal rate, easy operation and good selectivity, and thus the research and development of related technologies has more potential. Polymers-Chalcogenide Hybrid Inorganic/Organic Polymers (CHIPs) prepared by inverse vulcanization method is a new type of high-efficiency mercury adsorbent, which provides a new idea for addressing mercury pollution. In this review, the basic principle of reverse vulcanization was introduced. The different methods of preparing porous CHIPs from the pore-forming agent, carbon dioxide foaming, electrospinning and carbonization were reviewed. Furthermore, the mercury adsorption mechanism of porous CHIPs and its application in the field of mercury adsorption were summarized. Finally, the development prospect of porous CHIPs was prospected. It was pointed out that the porous CHIPs with biocompatibility and degradability would be the focus of further research, while the toxicity of porous CHIPs and the application of mercury adsorption in atmosphere and soil would also become an important research direction, which broadened new ideas for the application of porous CHIPs in the field of mercury adsorption.