The invention relates to a traditional Chinese medicine formulation for promoting qi and activating blood, traditional Chinese medicine preparations prepared through the traditional Chinese medicine formulation, and application. The traditional Chinese medicine formulation comprises the following components: radix angelicae sinensis, rhizoma chuanxiong, radix lithospermi, rhizoma sparganii, rhizoma curcumae, frankincense, myrrh and borneol. In the traditional Chinese medicine formulation, the radix lithospermi serves as a monarch drug, has the maximum use amount, and has the important effectsof activating the blood and cooling the blood; the radix angelicae sinensis serves as a ministerial drug, and has the effects of strengthen blood activating, and if the effect of activating the bloodneeds to be further strengthened, flos carthami can be added; the rhizoma chuanxiong, the rhizoma sparganii, the rhizoma curcumae, the frankincense and the myrrh serve as adjuvants for promoting the qi; and by adopting the borneol, the effect of helping blood activating better is achieved. According to the traditional Chinese medicine formulation, the excellent effects of promoting the qi and activating the blood are achieved, the radix lithospermi for activating the blood and cooling the blood serves as the monarch drug, other medicines for activating the blood serve as auxiliaries, and thusthe better effects of activating the blood and dispersing blood stasis can be achieved. According to the traditional Chinese medicine formulation, the various traditional Chinese medicine preparationsconvenient to use can be prepared and can be used for blood stasis, contusion and bruise, and masses, lumps, dark eye circles, early hemorrhoids and the like caused by mosquito bite, chilblain, arthralgia, muscular soreness, poor circulation or stasis blocking.