Abstract:Cordyceps sinensis is a medicinal fungus of Traditional Chinese Medicine. There are a wide range of reported uses of Cordycep sinensis in the literature. However, the production of Cordyceps sinensis is so limited that can not be widely used. Cultured Cordyceps sinensis(Bailing Capsule) and natural Cordyceps sinensis have similar chemical composition. Bailing Capsule possesses anti-inflammatory, anti-hypoxia, anti-tumor effect function and regulating the endocrine system, enhanced immune function,which has a protective effect on the kidney,lung,liver and other organs. Recently,Bailing capsule has some beneficial effects on pulmonary diseases ,such as COPD,Pulmonary fibrosis,Asthma,which have been gradually applied to the clinical.