Abstract:China’s economy is shifting from a stage of rapid growth to high-quality development, and economic growth depends on innovation-driven. At this stage, there are still many problems in the integration of China"s scientific and technological achievements industrialization and finance, which diversified financial capital still is needed to be further integrated with industry, university and research production. Starting from the financing status and financing needs of technology-based SMEs, this article studies the mechanism of combining technology and finance to promote the transformation of scientific and technological achievements. Focusing on the transformation of scientific and technological achievements in the new era puts forward new requirements for the integration of gold, industry and research, and based on the research of different types of financial capital to promoting the integration of gold, industry, research production, the progress and effectiveness of the transformation of scientific and technological achievements, also with the relevant experience of western developed countries, explain the formation principle of the virtuous circle mechanism of the integration of gold, industry, and research and the existing problems of the current mechanism. Finally, it puts forward the focus and relevant policy recommendations to promote the construction of a virtuous circle mechanism of gold industry and research.