Abstract Based on the panel data of 234 cities at prefecture level and above in China from 2007 to 2018, this paper empirically studies the relationship among financial agglomeration, green technology innovation and green economic efficiency. The results show that financial agglomeration and green technology innovation are beneficial to improve the efficiency of green economy, and financial agglomeration affects the efficiency of green economy through the intermediary effect of green technology innovation. Further study shows that the regulatory effect of green technology innovation is significantly different in different degree of environmental pollution, intensity of environmental regulation and geographical location. Moreover, the regulatory role of green technology innovation in high environmental pollution areas is stronger, the regulatory role of green technology innovation in high environmental regulation areas is weaker, and the regulatory role of green technology innovation in coastal areas is stronger. Therefore, improving the degree of financial agglomeration in different regions of our country and giving full play to the regulatory role of financial agglomeration and green technological innovation are conducive to the development of green economy in our country.