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In oilfield exploitation, automatically directional steering can only be achieved with rotary steerable system (RSS). The designed well trajectories have become more complicated e. g. horizontal wells, extended reach drilling wells and 3D multi-target wells. To drill these complicated wells, new drilling tools are urgently needed. This paper proposed a new steering mechanism for point-the-bit RSS. The new steering mechanism uses a set of universal joints to avoid the high alternative strain on drilling mandrel, and it uses a specific eccentric planetary gear train to offset the drilling mandrel to achieve directional steering. Design procedure, Solid modeling, Force analysis and dynamic simulation have been discussed for further dynamic analysis towards the confirmation of the steering performance.