Communication is a crucial part of daily life. However, patients with speech disorders may have difficulty communicating with the outside world and, in severe cases, may even completely lose the ability to speak. Imagined speech is an intrinsic speech activity that does not explicitly move any vocal organs, which has emerged as a promising avenue for brain-computer interface (BCI) research. In this study, we developed a novel experimental paradigm tailored to imagined speech tasks based on Chinese characters and collected participants' high-temporal-resolution electroencephalogram (EEG) data. Using dynamic statistical parametric mapping (dSPM), we delineated the spatial distribution of neural activation, while functional connectivity was quantified through phase-locking value (PLV) analysis to capture the temporal interplay between distinct brain regions. We introduced a novel spatiotemporal feature representation, termed information flow (IF), by segmenting the imagined speech process into 10 continuous temporal windows, we systematically analyzed the evolution of global and local information flow dynamics. The results revealed distinct spatiotemporal patterns of neural activation and functional connectivity, underscoring the coordinated interaction of critical brain regions involved in the process of imagined speech, which help to elucidate the spatiotemporal dynamics of imagined speech and provide valuable insights into its underlying neural mechanisms. This work provides a foundation for advancing speech BCI applications and contributes to understanding the cognitive and neural bases of imagined speech in Chinese.