This paper examines Mencius’ view on compassion in the political realm by proposing that Mencius defends compassionate governance by reconciling the two extremes of Yangist self-love and Mohist universal love. This paper proposes a reading of two famous stories, namely, the story of a young child on the verge of falling into a well, and the story of King Xuan of Qi sparing an ox as paradigmatic cases for understanding Mencius’ account of compassion in the political realm. This paper argues that Mencius succeeds in his defense of governance with compassion against the other two extremes of self-love and altruism. To provide an argument for compatibility with egoism or self-love, this paper offers an analysis of Mencius’ idea of the ruler sharing pleasure with his people instead of denying pleasure for himself. In this sense, a good ruler does not need to sacrifice his self-interest. To counter the demand of universal love of the Mohists, Mencius develops a position that the Confucian ideal ruler, while not sacrificing his self-interests, those interests need to be guided and directed by a proper process of moral cultivation of his compassionate heart so that he can readily share his pleasures with all the peoples in his kingdom. These readings indicate Mencius’ expanded argument for political implications of compassion in the moral universe of the Confucian school.