In this study, a new kind of hybrid high-voltage direct current (HVDC) system is proposed. Each terminal of the proposed system consists of one line commutated converter (LCC) and one full-bridge modular multilevel converter (FB-MMC). The LCC and FB-MMC are connected in parallel so that they can share the same transmission line. The active–reactive power capability of the hybrid HVDC system is extended compared with the conventional LCC-HVDC system, and power reversal control without power interruption can be achieved by the coordination control of LCC and FB-MMC. Besides, the proposed hybrid HVDC system is capable of handling DC fault, because both LCC and FB-MMC have DC fault blocking capability. Moreover, the power rating of FB-MMC can be designed to low value while keeping the bulk-power transmission capability of LCC. A two-terminal bipolar hybrid HVDC system is built in PSCAD/EMTDC. The simulation results verify the effectiveness and feasibility of the proposed hybrid topology and corresponding control strategies.