Industrial upgrading is a driven by knowledge，the pursuit of higher productivity and higher value-added economic activity in the process of change. At present，the industrial upgrading has become an important mission of economic development in China and the only way. Industrial upgrading must depend on technological innovation，technological innovation not only can create a new，higher level of industry，to transform traditional industries can also improve its added value. Technology innovation cannot leave the financial support，financial innovation from the angle of information，risk management and corporate governance to promote technology innovation，so as to promote industrial upgrading.