Financial development is closely to economic growth，how to use finance to promote industrial structure adjustment and improve economic growth is an important question we confront. This paper aims to identify the relationship industrial structure adjustment and financial development through an empirical study over the period 1980-2015. The results indicate that financial development level and industrial structure optimization in Fujian Province reach long-term equilibrium. The leading role of financial development on regional industrial upgrading is not obvious, and the impact of regional industrial upgrading on financial development level is more significant. In order to promote industrial upgrading , the paper suggests that, local government should further improve the financial structure, financial institutions to optimize the system and system construction, actively adapt to the new normal economic development, strengthen the financial ecological environment construction, effectively prevent and resolve financial risks, so as to promote the transformation and upgrading of industrial structure in Fujian.