Conjugated polymer based on tetracyano-anthraquinodimethane (TCAQ) has been synthesized. The new polymer showed relatively large molecular weight, strong intra-molecular charge transfer, and low-lying lowest unoccupied molecular orbital level. This work has corrected the previous claim that TCAQ cannot be polymerized by palladium catalysts due to the complex formation between the tetracyano groups in TCAQ and palladium atoms in catalyst.