The residual symmetry of the generalized Kaup-Kupershmidt(gKK) equation is obtained from the truncated Painlevé expansion and localized to a Lie point symmetry in a prolonged system. New symmetry reduction solutions of the prolonged system are given by using the standard Lie symmetry method. Furthermore, the g KK equation is proved to integrable in the sense of owning consistent Riccati expansion and some new B¨acklund transformations are given based on this property, from which interaction solutions between soliton and periodic waves are given.