Anaphalis yangii Y. L. Chen & Y. L. Lin, a new species of Compositae from Gongbo' gyamda County, Xizang, is described and illustrated. The new species is quite similar to A. spodiophylla Ling & Y. L. Chen, but can be easily distinguished by its thicker, broadly elliptic or subrounded leaves yellowish-grey lanate on both surfaces, midrib raised beneath, few heads glomerated in composite-corymbs of 1.5 - 3 cm in width, and peduncles usually simple.