The invention discloses a composition for promoting hair growth, comprising tetrandrine, cyclic adenosine monophosphate, fullerol and panthenol, as well as the application of the composition for promoting the hair growth in the preparation of a hair growth promoting product. By means of the composition for promoting the hair growth, hair follicles can be effectively activated, an intercellular information path is strengthened, DHT is prevented from attacking the hair follicles, the hair follicle nipple activity is enhanced, the hair follicle cell proliferation is promoted, and the hair loss isprevented and treated. Human and animal keratin genes and collagen gene expressions are promoted to generate more keratins and collagens, the hair growth and the nutrient supplementation are promoted, and the effects of hair fixing, hair nourishing and hair care are achieved. The number, density, length, gloss, black degree, consistency, firmness and stoutness of hair can be quickly increased.