Research on the provenance of sedimentary systems is key to better understanding the sedimentary framework and improving exploration-associated decision-making and deployment. With regard to the provenance of sedimentary systems, there is still poor understanding in the initial rifting stage due to imbalanced and insufficient exploration and a common lack of seismic data, which have seriously hindered oil exploration in the Qintong Sag, Subei Basin. This study aimed at investigating the provenance in the direction of the fault-terrace zone in the southeast part of the Qintong Sag and aimed to examine whether large-scale sedimentary systems are formed by these sediment sources. Integrated analysis of heavy minerals, sandstone petrologic maturity, drilling cutting dates, 3D seismic data, and well logs was employed to identify the provenance. This study is the first time that large-scale provenance from the direction of the fault-terrace zone has been discovered in the third member of the Paleocene Funing Formation (referred to as the third Mbr of the Funing Fm in this paper) in the Subei Basin, east China. The documentation shows that sediments from the northwest Wubao Low Uplift and the southeast Taizhou Uplift can be distinguished in the Qintong Sag, with the large-scale delta system in the central and eastern part of the Qintong Sag comprising sediments from the Taizhou Uplift, improving upon previous understanding of the sedimentary framework. The deposition formed by the Taizhou Uplift provenance system was characterized by gradual weakening of the hydrodynamic forces, a decreasing sediment supply, and shrinking of the retrogradational delta depositional systems with good reservoir qualities, which are characterized by high-quality source–reservoir–cap combinations and are likely to develop into a hydrocarbon-rich belt. The discovery of the Taizhou Uplift provenance proves that there may be major provenance and large-scale sedimentary systems from the fault-terrace zone of the rift basins in the initial rifting stage. The experience of rapid retrogradation showed that these large-scale delta systems are likely to only flourish in the initial rifting stage. This study is helpful for improving the understanding of sediment provenance and the sedimentary framework of lacustrine rift basins in the initial rifting stage. Full article