Abstract:Using the data of 1997-2014, the impact of financial technology on the upgrading of industrial structure in China was studied empirically. The study found that: there is a long-term equilibrium relationship between the financial technology and the structure optimization of inter-industry or internal-industry in our country. The impact of the financial technology on the inter-industry upgrading is positive, while the impact on the internal-industry structure upgrading is different. The financial technology plays a significant role in optimizing industrial structure in manufacturing, but the positive effect will gradually weaken over time. In the short term, the influence of the financial technology on the third industry structure optimization is positive, however, in the long term, it will be negative. The dynamic impact of the financial technology on the inter-industry structure upgrading is increasing first and then decreasing which presents an inverted u-shaped trend, while the effect on the internal-industry structure upgrading is steadily increasing.