A sliding material including a resinous porous article having an interconnected hole porosity of not less than 30% and a lubricating oil which impregnates the resinous porous article is disclosed. The resinous porous article has an interconnected hole formed by molding a resin mixed with a pore-forming substance into said resin, and extracting said pore-forming substance from said molded article with a solvent which dissolves said pore-forming substance and does not dissolve said resin. A sliding bearing composed of a sliding material having a sliding surface which slides on a mating member and a lubricating oil supply layer which supports the sliding material and supplies the sliding surface with the lubricating oil.