The invention improves reliability of a valve gear in which a cobalt-based alloy is welded by plasma power building up. The valve gear includes a bearing 2 having a sliding surface against a valve shaft 1. The valve gear having a welded layer 12 made of heat-resistant cobalt-based alloy, based on plasma powder building up, formed on the sliding surface against the valve shaft 1. The welded layer 12 includes a first welded layer 12a formed on the surface of the bearing 2, having a dilution ratio of 5 to 25% and a second welded layer 12b formed on the first welded layer 12a, having a dilution ratio of 50% or less of the dilution ratio of the first welded layer 12a. The dilution ratio indicates the penetration amount of the welding metal into the base metal, and is a value obtained by B/A×100 (%) wherein A represents the total amount of the welded metal and B represents the amount of the welding metal penetrating into the base metal.