Modulation principle of dual-polarization quadratu-re phase shift keying signal and polarization-switched QPSK signal are demonstrated and advantages of PS-QPSK are proved in theoretically. A novel modulation scheme of PS-RZ-QPSK signal is proposed in this paper. The scheme reduces transmitter cost by less use of Mach-Zehnder modulator, but also presents similar performance as traditional structure for PS-RZ-QPSK. The simulate result indicates PS-RZ-QPSK can achieve a better transmission performance than DP-RZ-QPSK at the same bit rate (84Gb/s) and baud rate (28GBd), and proves showing the feasibility of novel modulation scheme.