The invention relates to a traditional Chinese medicine composition and application of the traditional Chinese medicine composition to preparing medicines or healthcare products in the aspects of assistance in reducing blood lipid and improving memory. The traditional Chinese medicine composition comprises folium ginkgo or extract of the folium ginkgo, radix puerariae or extract of the radix puerariae, fructus crataegi or extract of the fructus crataegi, grape seeds or extract of the grape seeds, rhizoma zingiberis recens or extract of the rhizoma zingiberis recens and green tea or extract ofthe green tea. A weight ratio of the folium ginkgo or the extract of the folium ginkgo to the radix puerariae or the extract of the radix puerariae to the fructus crataegi or the extract of the fructus crataegi to the grape seeds or the extract of the grape seeds to the rhizoma zingiberis recens or the extract of the rhizoma zingiberis recens to the green tea or the extract of the green tea is 0.5-8.0:0.8-4.8:0.9-4.8:0.3-3.5:0.5-2.5:1. The traditional Chinese medicine composition and the application have the advantages that the traditional Chinese medicine composition comprises reasonable components, has functions of reducing the blood lipid and improving the memory, is free of genetic toxicity and can be effectively applied to preparing the medicines or the healthcare products in the aspects of assistance in reducing the blood lipid and improving the memory, and obvious effects can be realized by the traditional Chinese medicine composition.