A convenient method for the confined incorporation of highly active bimetallic PdCo nanocatalysts within a hollow and porous metal–organic framework (MOF) support is presented. Several chemical conversions occur simultaneously during the one‐step low temperature pyrolysis of well‐designed polystyrene@ZIF‐67/Pd2+ core–shell microspheres, where ZIF (zeolitic imidazolate framework) is a subclass of MOF: the polystyrene core is removed, resulting in a beneficial hollow and porous ZIF support; the ZIF‐67 shell acts as a well‐defined porous support and as a felicitous Co2+ supplier for metal nanoparticle formation; and Pd2+ and Co2+ are reduced to form catalytically active bimetallic PdCo nanoparticles in the well‐defined micropores, inducing the confined growth of PdCo nanoparticles with excellent dispersity.