The invention provides a traditional Chinese medicine preparation with the functions of clearing heat and cooling blood, promoting blood circulation to remove blood stasis and eliminating swelling and alleviating pain. The preparation is ointment prepared from the following medicines in parts by weight: 10-30 parts of rhubarb, 10-30 parts of frankincense, 10-30 parts of myrrh, 10-20 parts of borneol, 10-20 parts of radix curcumae, 10-20 parts of safflower, 10-20 parts of peach kernels, 10-30 parts of hiraute shiny bugleweed herb, 10-20 parts of amur corktree bark, 10-20 parts of radix rehmanniae, 10-30 parts of radix scrophulariae, 10-20 parts of tree peony bark, 10-20 parts of red paeony root and 10-30 parts of Sinkiang arnebia root. The preparation has the functions of clearing heat andcooling blood, promoting blood circulation to remove blood stasis and eliminating swelling and alleviating pain. The rhubarb has the functions of discharging fire and cooling blood, removing blood stasis and inducing menstruation to relieve menalgia and is used as the monarch medicine. The amur corktree bark, the radix rehmanniae, the tree peony bark, the red paeony root and the Sinkiang arnebia root are used for jointly assisting the monarch medicine in clearing heat, discharging fire and cooling blood. The frankincense, the myrrh, the radix curcumae and the safflower have the functions of dispersing acrid taste and warming and activating meridians. The peach kernels and the hiraute shiny bugleweed herb are used as ministerial medicines. The borneol is used as the envoy medicine to lead other medicines to the causes of diseases directly.