Abstract: Baiyangjie(BYJ), which is also called Arundina graminifolia (D.Don) Hochr, is one of the most common drugs used in the Dai people. BYJ has reported 115 compounds, mainly containing stilbenoids, phenols and flavonoids, and the extracts and chemical constituents also have anti-tumor, anti-virus, antioxidant and other pharmacological activities. The research progress of chemical constituents and pharmacological effects of BYJ are reviewed for futher applications and developments in the paper.