The early embryonic development of the green crucian carp (Carassius auratus indigentiaus subsp. nov.) was observed to study its timing and characteristics. The fertilized eggs are round, slightly yellow, and viscous demersal. The egg diameter after water swelling was 1.47 ± 0.04 mm. Embryonic development can be divided into eight stages according to its major characteristics: blastoderm formation, mitotic, blastula, gastrula, neurula, blastopore closure, organogenetic and hatching stages. Under a water temperature of 24 ± 1 °C, salinity of 35 ± 1, and pH of 7.4 ± 0.5, the blastoderm began to form 35 min after fertilization. It entered the mitotic stage at 55 min, blastula stage at 220 min, gastrula stage at 460 min, neurula stage at 675 min, blastopore closure stage at 700 min, organogenetic stage at 900 min and hatching stage at 3390 min. The total length of newly hatched larvae was 4.07 ± 0.35 mm. Regression models of growth characteristics were obtained. The full-length growth rate was fastest from 15 to 26 days, with an average of 0.396 mm/day. Compared with other cyprinid fishes, green crucian carp exhibited some distinct characteristics in certain stages of embryonic development. The eye primordium developed before the sarcomere, and the heart rate was relatively high before the member stage. Yolk fluctuation was observed during the multi-cell phase of embryonic development. The sarcomere formed after the eye primordium. The heart rate in the hatching phase was 136 beats/min. This study provides a reference for embryonic development in green crucian carp, which will assist its large-scale cultivation.