The invention discloses a qi-benefiting and bone-growing Chinese medicinal preparation, which is a medicament prepared from the following raw materials in parts by weight: 10-60 parts of astragalus, 3-30 parts of dangshen, 2-15 parts of Chinese angelica, 1-15 parts of peach kernel, 1-15 parts of safflower, 3-18 parts of fortune's drynaria rhizome, 5-18 parts of himalayan teasel root, 2-12 parts of red paeony root and 3-12 parts of szechuan lovage rhizome. A preparation method of the preparation comprises the following steps of: adding astragalus, dangshen, Chinese angelica, peach kernel, safflower, fortune's drynaria rhizome, himalayan teasel root, red paeony root and szechuan lovage rhizome serving as raw materials into 6-12 times of water; performing reflux extraction for 2-4 times, every time for 1-2 hours; combining filtrates; concentrating into an extract of which the density is 1.10-1.30; preparing into particles taking white sugar and corn starch as auxiliary materials with a spray drying process; bagging; and packaging. The preparation can be used for organizing haematoma at the initial stage of bone fracture, filling tissue defects, fixing fractured ends, enhancing the reactivity of injured bones to stress at the medium and later stages of fracture, and stimulating bone-growing activity. The Chinese medicinal preparation can be used for quickly improving the body conditions of patients suffering from traumatic fracture, in particular patients suffering from severe fracture trauma and multiple fracture and aged weak and fractured patients, improving appetite, relieving pain, relieving swelling, making patients suffering from fractures recover early, and accelerating healing.