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Technological innovation is of great significance to economic growth, but it is characterised by high capital investment, high risk factor and serious information asymmetry. Considering the dynamic, different and stage-specific nature of technological innovation, its demand for finance is also different, and shows the different mechanisms and effects of financial development on technological innovation. This book explores the mechanism of financial development on technological innovation from the three stages of technological innovation: "technological imitation - imitation innovation - autonomous innovation", and uses an econometric model to conduct an empirical study. The book constructs the optimal goal orientation of financial development to meet technological innovation from four perspectives: matching, appropriateness, innovation and elasticity, and forms the most appropriate financial development path for technological innovation in China.