Bolete specimens collected in Baima Snow Mountain Nature Reserve, Yunnan Province, were identified as Pseudobaorangia lakhanpalii, based on morphological and phylogenetic analyses. The ITS sequences of our collections exhibited a high similarity with Boletus lakhanpalii (99.53% for KEF13271 and 99.44% for KEF13272). However, because of limited molecular data and complex taxonomic relationships of Boletaceae, the phylogenetic placement of B. lakhanpalii could not be clearly determined. This study conducted a phylogenetic analysis by combining nrLSU, RPB2 and TEF1-α genes, and the results showed that this species has a close phylogenetic relationship with Baorangia, sharing some morphological characteristics, but also having several highlighting differences. Therefore, a new genus Pseudobaorangia is proposed with P. lakhanpalii as the type species and its detailed description is provided.