The invention relates to a Chinese medicinal preparation having functions of promoting digestion and improving growth and development, and is prepared from the following Chinese herbal medicines: pseudostellaria root, astragalus, rhizoma atractylodis macrocephalae, angelica, prepared rhizoma polygonati, yam, tuckahoe, scorched hawthorn fruit, endothelium corneum gigeriae galli, pericarpium citri reticulatae, colored malt, silkworm chrysalis and the like. The Chinese medicinal preparation has the functions of tonifying spleen and stomach, invigorating Qi and nourishing blood and promoting digestion and eliminating indigestion and is used for treating and relieving pediatric diseases such as infantile anorexia, indigestion and anemia. The Chinese medicinal preparation can promote digestion, improve growth and development, regulate infantile spleen and stomach functions, prevent infantile spleen and stomach diseases, is safe, does not have side effect and can be taken for a long time.