Background: Adolescence is a period characterized by high frequency of mental health problems. Loneliness, in particular, is a common psychological problem. This study aims to explore the effects of psychological capital on adolescents' loneliness and the mediating effects of perceived social support. Subjects and methods: A total of 694 adolescents from six regions in Hunan Province, China were selected. The survey was conducted using the Perceived Social Support Scale, Loneliness Scale, and Psychological Capital Questionnaire. The study analyzed the correlations between perceived social support, psychological capital, and loneliness among adolescents and the mediating role of psychological capital in the relationship between perceived social support and loneliness. Results: Significant correlations were observed between adolescents' total scores in perceived social support, psychological capital, and loneliness and between each dimension. The following observations were made: a significant negative correlation between perceived social support and loneliness (r= 0.440, P<0.01), a significant positive correlation between perceived social support and psychological capital (r=0.493, P<0.01), and a significant negative correlation between psychological capital and loneliness (r=-0.303, P<0.01). Psychological capital plays a statistically significant mediating role on the relationship between perceived social support and loneliness (P<0.01). Conclusions: Perceived social support and psychological capital can reduce adolescents' loneliness and perceived social support can alleviate loneliness by enhancing psychological capital.