The notion of covariant-contravariant refinement (CC-refinement, for short) is a generalization of the notions of bisimulation, simulation and refinement. This paper introduces CC-refinement modal $\mu$-calculus (CCRML$^{\mu}$) obtained from the modal $\mu$-calculus system K$^{\mu}$ by adding CC-refinement quantifiers, establishes an axiom system for CCRML$^{\mu}$ and explores the important properties: soundness, completeness and decidability of this axiom system. The language of CCRML$^{\mu}$ may be considered as a specification language for describing the properties of a system referring to reactive and generative actions. It may be used to formalize some interesting problems in the field of formal methods.