A two-way fiber-wireless convergence system based on a two-stage injection-locked 1.55-μm vertical-cavity surface-emitting lasers (VCSELs) transmitter and an optical interleaver (IL) to deliver intensity-modulated and phase-remodulated millimeter-wave (MMW) data signals over a 40-km single-mode fiber (SMF) and a 5-m radio frequency (RF) wireless transport is proposed and experimentally demonstrated. Bit error rate (BER) and eye diagram perform brilliantly through a serious investigation in systems. Such a two-way fiber-wireless convergence system is a promising option, it reveals a prominent one to present its advancement in integration of distribute fiber and in-house network.