In this work, we describe a new species, Ainsliaea daheishanensis Y.L.Peng, C.X.Yang & Y.Luo, based on morphological traits. The new species was discovered in the mountains of Yunnan, near the border between Myanmar and China. The new species differs from the phenotypically closely-related Ainsliaea foliosa Handel-Mazzetti in the morphology of the leaf veins and phyllaries, those having a protruding abaxial reticulate pattern in the lower and median part of stem with white hairs and narrow inner phyllaries. A key to the three closed Ainsliaea species occurring in China is provided.