The invention discloses a Chinese medicinal herb-containing feed additive capable of preventing weaned pig multisystem failure syndrome and pig feed containing the Chinese medicinal herb-containing feed additive. The Chinese medicinal herb-containing feed additive comprises the following ingredients: root of hairy asiabell, bighead atractylodes rhizome, tuckahoe, Chinese yam, radix astragali, white hyacinth bean, coix seed, lotus seed, fructus amomi, dried tangerine or orange peel, parched medicated leaven, parched malt, parched hawthorn fruit, Platycodon grandiflorum, lily, radix stemonae, Polygonum multiflorum, herba epimedii, glossy privet fruit, herba ecliptae, Coptis chinensis, rhizoma picrorhizae, the fruit of Rangoon creeper and liquorice. The Chinese medicinal herb-containing feed additive is 1.5-2wt% of the pig feed, can improve immunity of the weaned pig, prevent weaned pig multisystem failure syndrome, and has the characteristics of cheap price, non-toxic effect and non-side effect.